Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 342

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 342
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30, 2025 and 2024 was $43.7 million and $27.9 million, respectively, and for the nine months ended September 30, 2025 and 2024 was $120.9 million and $78.3 million, respectively. This includes amortization expense for capitalized internal-use software which totaled $7.9 million and $6.3 million for the three months ended September 30, 2025 and 2024, respectively, and $23.1 million and $17.7 million for the nine months ended September 30, 2025 and 2024, respectively.GoodwillAs of September 30, 2025 and December 31, 2024, the Company's goodwill was $181.1 million. No goodwill impairments were recorded during the nine months ended September 30, 2025 and 2024.Acquired Intangible Assets, Net

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Acquired intangible assets, net consisted of the following:September 30, 2025Gross CarryingAmountAccumulatedAmortizationNet BookValue(in thousands)Developed technology$24,820 $17,144 $7,676 Customer relationships11,680 5,154 6,526 Other4,462 253 4,209 Total acquired intangible assets, net$40,962 $22,551 $18,411 December 31, 2024Gross CarryingAmountAccumulatedAmortizationNet BookValue(in thousands)Developed technology$22,131 $7,878 $14,253 Customer relationships11,600 3,988 7,612 Total acquired intangible assets, net$33,731 $11,866 $21,865 Amortization of acquired intangible assets was $3.7 million and $2.4 million for the three months ended September 30, 2025 and 2024, respectively, and $10.7 million and $9.7 million for the nine months ended September 30, 2025 and 2024, respectively. As of September 30, 2025, the estimated future amortization expense of acquired intangible assets was as follows:EstimatedAmortization(in thousands)Year ending December 31,2025 (remaining three months)$3,099 20266,727 20272,117 20281,896 20291,896 Thereafter