Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 360

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 360
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 allocating resources and evaluating financial performance, including monitoring actual results versus historical periods. Adjusted cost of revenue, adjusted sales and marketing, adjusted research and development and adjusted general and administrative expenses are considered significant segment expenses that are regularly provided to the CODM and included within consolidated net loss. The measure of segment assets is the total assets on the Company’s condensed consolidated balance sheets. Capital expenditures are reported on a consolidated basis on the Company’s condensed consolidated statements of cash flows. The following table includes the Company's segment revenue, significant segment expenses, and other segment items to reconcile to net loss:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Revenue$562,027 $430,082 $1,553,430 $1,209,680 Less:Adjusted cost of revenue(1)(138,948)(90,970)(370,420)(252,876)Adjusted sales and marketing expense(1)(201,160)(160,181)(566,702)(466,442)Adjusted research and development expense(1)(82,506)(70,452)(242,927)(194,616)Adjusted general and administrative expense(1)(53,475)(45,011)(159,127)(132,882)Other segment items(2)(87,228)(78,799)(304,444)(228,816)Net loss$(1,290)$(15,331)$(90,190)$(65,952)(1) Cost of revenue, sales and marketing expense, research and development expense and general and administrative expense in the condensed consolidated statements of operations are adjusted to exclude stock-based compensation and related employer payroll taxes, amortization of acquired intangible assets, acquisition-related and other expenses, and lease impairment charges during the three and nine months ended months ended September 30, 2025 and 2024, and a one-time compensation charge during three months ended March 31, 2024.(2) Other segment items include the adjustments described in the notes above, as well as interest income, interest expense, other income (expense), net and provision for income taxes in the condensed consolidated statements of operations. Refer to Note 3 to these condensed consolidated financial statements for revenue by geography.The Company’s property and equipment, net, by geographic area were as follows: September 30, 2025December 31, 2024  (in thousands)United States$282,358 $233,818 Rest of the world