Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 329

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 329
---
 experience and on various other assumptions that are believed to be 

14

reasonable. Due in part to the conflicts in the Middle East and Ukraine, the potential worsening and expansion of such conflicts, and other macroeconomic and geopolitical conditions, there is ongoing uncertainty and significant disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require an update to its estimates or 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 months ended March 31, 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 March 31,20252024(dollars in thousands)AmountPercentageof RevenueAmountPercentageof RevenueUnited States$234,887 49 %$196,463 52 %Europe, Middle East, and Africa133,853 28 %105,384 28 %Asia Pacific73,395 15 %47,651 12 %Other36,952 8 %29,104 8 %Total$479,087 100 %$378,602 100 %

15

The following table summarizes the revenue from contracts by type of customer:Three Months Ended March 31,20252024(dollars in thousands)