Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 331

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 331
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821 3 (2,821)(3)— — — — Common stock issued under employee stock purchase plan173 — — — 10,455 — — 10,455 Other— — — — 1,689 — — 1,689 Stock-based compensation— — — — 161,364 — — 161,364 Net loss— — — — — (50,621)— (50,621)Other comprehensive loss— — — — — — (3,303)(3,303)Balance as of June 30, 2024303,321 $302 38,216 $39 $1,956,984 $(1,074,461)$(1,319)$881,545 

The accompanying notes are an integral part of these condensed consolidated financial statements.14

CLOUDFLARE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)Six Months Ended June 30,20252024Cash Flows from Operating ActivitiesNet loss$(88,900)$(50,621)Adjustments to reconcile net loss to cash provided by operating activities:Depreciation and amortization expense87,688 59,767 Non-cash operating lease costs29,872 23,124 Amortization of deferred contract acquisition costs47,296 36,991 Stock-based compensation expense217,912 155,714 Amortization of debt issuance costs2,189 1,980 Net accretion of discounts and amortization of premiums on available-for-sale securities(11,987)(24,028)Deferred income taxes(480)(1,310)Provision for bad debt7,815 4,770 Other3,227 291 Changes in operating assets and liabilities, net of effect of asset acquisitions and business combinations:Accounts receivable, net1,431 (6,715)Contract assets(4,707)(1,876)Deferred contract acquisition costs(58,998)(48,085)Prepaid expenses and other current assets(46,339)(24,726)Other noncurrent assets4,312 1,941 Accounts payable(247)15,996 Accrued expenses and other current liabilities758 4,553 Accrued compensation(2,914