Cloudflare, Inc. (NET) stock
NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/30294% above fair value
$305.81−12.69 (-3.98%)
Close on Nov 13, 2026Market cap $108.89BP/E –Yield –
Cloudflare r&d expenses
Research and development expenses are spending on new products and technology.
Cloudflare's R&D Expenses for the twelve months ending Sep 30, 2026 was $620.55M, up 26.4% year over year. For fiscal 2025 it was $512.49M, up 21.6% from the year before. The highest annual figure on record is $512.49M in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $512.49M | +21.6% |
| FY2024 | Dec 31, 2024 | $421.37M | +17.7% |
| FY2023 | Dec 31, 2023 | $358.14M | +20.1% |
| FY2022 | Dec 31, 2022 | $298.30M | +57.5% |
| FY2021 | Dec 31, 2021 | $189.41M | +49.0% |
| FY2020 | Dec 31, 2020 | $127.14M | +40.2% |
| FY2019 | Dec 31, 2019 | $90.67M | +66.5% |
| FY2018 | Dec 31, 2018 | $54.46M | +61.9% |
| FY2017 | Dec 31, 2017 | $33.65M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $168.20M | +39.1% |
| Q2 FY2026 | Jun 30, 2026 | $159.49M | +18.5% |
| Q1 FY2026 | Mar 31, 2026 | $150.97M | +31.2% |
| Q4 FY2025 | Dec 31, 2025 | $141.89M | +18.0% |
| Q3 FY2025 | Sep 30, 2025 | $120.96M | +9.1% |
| Q2 FY2025 | Jun 30, 2025 | $134.56M | +31.2% |
| Q1 FY2025 | Mar 31, 2025 | $115.09M | +31.2% |
| Q4 FY2024 | Dec 31, 2024 | $120.21M | +24.7% |
| Q3 FY2024 | Sep 30, 2024 | $110.91M | +22.4% |
| Q2 FY2024 | Jun 30, 2024 | $102.55M | +14.4% |
| Q1 FY2024 | Mar 31, 2024 | $87.70M | +7.6% |
| Q4 FY2023 | Dec 31, 2023 | $96.40M | +21.0% |
| Q3 FY2023 | Sep 30, 2023 | $90.59M | +18.5% |
| Q2 FY2023 | Jun 30, 2023 | $89.61M | +19.3% |
| Q1 FY2023 | Mar 31, 2023 | $81.54M | +21.6% |
| Q4 FY2022 | Dec 31, 2022 | $79.70M | +29.0% |
| Q3 FY2022 | Sep 30, 2022 | $76.43M | +63.4% |
| Q2 FY2022 | Jun 30, 2022 | $75.11M | +81.7% |
| Q1 FY2022 | Mar 31, 2022 | $67.05M | +69.6% |
| Q4 FY2021 | Dec 31, 2021 | $61.76M | +77.7% |
| Q3 FY2021 | Sep 30, 2021 | $46.77M | +51.3% |
| Q2 FY2021 | Jun 30, 2021 | $41.35M | +47.0% |
| Q1 FY2021 | Mar 31, 2021 | $39.53M | +18.5% |
| Q4 FY2020 | Dec 31, 2020 | $34.76M | +32.2% |
| Q3 FY2020 | Sep 30, 2020 | $30.90M | +10.9% |
| Q2 FY2020 | Jun 30, 2020 | $28.13M | +49.1% |
| Q1 FY2020 | Mar 31, 2020 | $33.35M | +89.0% |
| Q4 FY2019 | Dec 31, 2019 | $26.29M | +71.3% |
| Q3 FY2019 | Sep 30, 2019 | $27.86M | +87.9% |
| Q2 FY2019 | Jun 30, 2019 | $18.87M | – |
| Q1 FY2019 | Mar 31, 2019 | $17.65M | – |
| Q4 FY2018 | Dec 31, 2018 | $15.35M | – |
| Q3 FY2018 | Sep 30, 2018 | $14.83M | – |
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