Cloudflare (NET) R&D/CAPEX US GAAP (year values)
FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? CAGR 5 years ?
R&D/CAPEX, % 175.8% 182.6% 265.4% 227.7% 149.6%   169.3%  
Changes by years, y/y, % +6pp +7pp +83pp -38pp -78pp     -2.5%
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Cloudflare. R&D/CAPEX, %

Cloudflare. R&D/CAPEX, changes, pp

Cloudflare (NET) R&D/CAPEX US GAAP (quarter values)
FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2   LTM ?
R&D/CAPEX, % 202.3% 142.9% 144.1% 203.3% 260.7%   169.3%
Changes by years, y/y, % -78pp -44pp -7pp +79pp +58pp    
Changes by quarters, q/q, % +78pp -59pp +1pp +59pp +57pp    

Cloudflare. R&D/CAPEX, %

Cloudflare. R&D/CAPEX, changes, pp

Cloudflare. R&D/CAPEX, changes, pp


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