Cloudflare (FRA:8CF) Total Operating Expense: €1,653 Mil (TTM As of Mar. 2026)


FRA:8CF Cloudflare Inc FRA:8CF
78 GF Score
Price €217.50
GF Value €151.21
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Cloudflare Total Operating Expense?

Cloudflare FRA:8CF +3.28% 78 Total Operating Expense is €1,653 Mil as of Mar. 2026. GuruFocus rates FRA:8CF with a GF Score™ of 78/100 and a GF Value™ of €151.21 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Cloudflare's Total Operating Expense for the three months ended in Mar. 2026 was €448 Mil. Cloudflare's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €1,653 Mil.

Cloudflare Total Operating Expense Related Terms

Cloudflare Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Cloudflare's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cloudflare Total Operating Expense Chart

Cloudflare Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 563.72 890.98 1,077.68 1,380.63 1,556.52

Cloudflare Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 385.50 390.93 386.10 428.53 447.72
FRA:8CF
78GF Score
Cloudflare Inc FRA:8CF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Cloudflare Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,653 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €1,653 Mil mean?
Cloudflare (FRA:8CF) has a Total Operating Expense of €1,653 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Cloudflare and its competitors.
Is Cloudflare's Total Operating Expense too high?
Cloudflare's current Total Operating Expense is €1,653 Mil. Overall, Cloudflare has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cloudflare's Total Operating Expense compare to SNPS and FTNT?
Cloudflare's Total Operating Expense of €1,653 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Software company?
A good Total Operating Expense depends on the Software industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Cloudflare and its competitors. Cloudflare's current Total Operating Expense is €1,653 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudflare stock overvalued right now?
Based on GuruFocus' analysis, Cloudflare (FRA:8CF) is currently considered Significantly Overvalued. The stock's GF Value™ is €151.21, compared to a current price of €217.50 — trading 43.8% above its estimated fair value. The current Total Operating Expense is €1,653 Mil. Cloudflare's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Cloudflare (FRA:8CF), the current Total Operating Expense is €1,653 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cloudflare (FRA:8CF) Overvalued in 2026?

Based on GuruFocus' analysis, Cloudflare stock appears to be overvalued. The current stock price of €217.50 is trading 43.8% above its estimated GF Value™ of €151.21. GuruFocus considers Cloudflare to be Significantly Overvalued.

Key valuation signals for FRA:8CF:

  • Total Operating Expense: €1,653 Mil
  • GF Value™: €151.21 vs. price of €217.50 (43.8% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the FRA:8CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cloudflare Business Description

Address 101 Townsend Street, San Francisco, CA, USA, 94107
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.
78GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€217.50
Price
€151.21
GF Value