Cloudflare, Inc.NETNYSE
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Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+22.4%
5Y CAGR+32.8%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+22.4%/yr
vs +43.5%/yr prior
5Y CAGR
+32.8%/yr
Recent deceleration
Acceleration
-21.1pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
4.1x
Strong expansion
Streak
9 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$1.82B+25.7%
2024$1.45B+16.5%
2023$1.24B+25.1%
2022$991.39M+50.8%
2021$657.50M+49.3%
2020$440.49M+28.9%
2019$341.85M+46.1%
2018$234.04M+102.0%
2017$115.86M+48.8%
2016$77.86M-