Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 335

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 335
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 assumptions or a revision of the carrying value of its assets or liabilities as of the date of issuance of this Quarterly Report on Form 10-Q. These estimates and assumptions may change in the future, however, as new events occur and additional information is obtained. Actual results could differ materially from these estimates.

Note 2. Summary of Significant Accounting Policies

Significant Accounting PoliciesThe Company's significant accounting policies are discussed in the "Notes to Consolidated Financial Statements, Note 2. Summary of Significant Accounting Policies" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. There have been no changes to these policies that have had a material impact on the Company's condensed consolidated financial statements and related notes, except as noted below.Recent Accounting PronouncementsRecently Adopted Accounting PronouncementsThere have been no recently adopted accounting pronouncements since the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2024 that may have a material impact on the Company's condensed consolidated financial statements.

Note 3. Revenue

Disaggregation of RevenueSubscription and support revenue is recognized over time and accounted for substantially all of the Company’s revenue for the three and six months ended June 30, 2025 and 2024.The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company’s global network and products:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(dollars in thousands)(dollars in thousands)AmountPercentageof RevenueAmountPercentageof RevenueAmountPercentageof RevenueAmountPercentageof RevenueUnited States$251,894 49 %$207,008 51 %$486,781 49 %$403,471 52 %Europe, Middle East, and Africa143,438 28 %110,968 28 %277,291 28 %216,352 28 %Asia Pacific75,144 15 %52,126 13 %148,539 15 %99,777 13 %Other41,840 8 %30,894 8 %78,792 8 %59,998 7 %Total$512,316 100 %$400,996 100 %$991,403 100 %$779,598 100 %

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The following table summarizes the revenue from contracts by type of