Cloudflare, Inc.
Close on Nov 3, 2026Market cap $97.43BP/E –Yield –
Cloudflare Non-GAAP research & development expense by Year
Non-GAAP research & development expense ($M)
Cloudflare Non-GAAP research & development expense: $338M in 2025, up 25.4% from a year earlier. That is the highest of the 8 years on record here.
Where the 2025 figure comes from
“Non-GAAP research and development | $ | 94,940 | $ | 74,822 | $ | 337,867 | $ | 269,438”
Source: Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP research & development expense ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 338 | +25.4% | Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 269 | +23.5% | Cloudflare Form 8-K Earnings Release (FY2024Q4), filed 2025-02-06 ↗ |
| 2023 | Dec 31, 2023 | 218 | +19.6% | Cloudflare Form 8-K Earnings Release (FY2023Q4), filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 182 | +42.0% | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2021 | Dec 31, 2021 | 128 | +41.3% | Cloudflare Form 8-K Earnings Release (FY2021Q4), filed 2022-02-10 ↗ |
| 2020 | Dec 31, 2020 | 90.9 | +17.1% | Cloudflare Form 8-K Earnings Release (FY2020Q4), filed 2021-02-11 ↗ |
| 2019 | Dec 31, 2019 | 77.6 | +46.7% | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
| 2018 | Dec 31, 2018 | 52.9 | – | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
Breakdown
What makes up non-GAAP research & development expense
Cite this data
StockData. (2026). Cloudflare Non-GAAP research & development expense ($M), annual 2018–2025 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-rd
See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.
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