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Cloudflare (NET) capital expenditures by quarter

Cloudflare's capital expenditures were $122M in Q3 2026 (third quarter 2026), +144% from Q2 2026. Over the last 7 quarters it ranged from $50.0M (Q2 2026) to $122M (Q3 2026).

Cloudflare capital expenditures by quarterCloudflare capital expenditures by quarter$85.9MQ1 2025$59.9MQ2 2025$84.6MQ3 2025$85.2MQ4 2025$65.2MQ1 2026$50.0MQ2 2026$122MQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$122M+144%+44%
Q2 2026$50.0M-23%-17%
Q1 2026$65.2M-23%-24%
Q4 2025$85.2M+0.6%—
Q3 2025$84.6M+41%—
Q2 2025$59.9M-30%—
Q1 2025$85.9M——

Q3 2026 at a glance

Cloudflare, Q3 2026: revenue $783M (+39% year over year), operating margin -8.7%, net loss $34.1M, operating cash flow $215M. The chart follows the revenue to costs, profit and cash.

Questions

What is Cloudflare's capital expenditures?

Cloudflare's capital expenditures were $122M in Q3 2026 (third quarter 2026), +144% from Q2 2026.

How has Cloudflare's capital expenditures changed?

Over the last 7 quarters it ranged from $50.0M (Q2 2026) to $122M (Q3 2026).

Q3 2026 results → · How Cloudflare makes money →