Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 327

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 327
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 Disclosure of Cash Flow Information:Cash paid for interest$2 $8 Cash paid for income taxes, net of refunds$1,030 $897 Cash paid for operating lease liabilities$15,474 $12,530 Supplemental Disclosure of Non-cash Investing and Financing Activities:Stock-based compensation capitalized for software development$2,529 $2,439 Accounts payable and accrued expenses related to property and equipment additions$46,032 $16,961 Vesting of early exercised stock options$— $31 Operating lease right-of-use assets obtained in exchange for operating lease liabilities$22,209 $13,282 Reclassification of the 2025 Capped Calls from equity to derivative asset$308,299 $— 

The accompanying notes are an integral part of these condensed consolidated financial statements.13

CLOUDFLARE, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1. Organization and Basis of Presentation

Organization and Description of BusinessCloudflare, Inc. (the Company, Cloudflare, we, us, or our) is a global cloud services provider that delivers a broad range of services to businesses of all sizes and in all geographies, making them more secure, enhancing the performance of their business-critical applications, and eliminating the cost and complexity of managing individual network hardware. Cloudflare’s network serves as a scalable, easy-to-use, unified control plane to deliver security, performance, and reliability across on-premises, hybrid, cloud, and software-as-a-service (SaaS) applications. The Company was incorporated in Delaware in July 2009. The Company is headquartered in San Francisco, California.Basis of Presentation and Principles of ConsolidationThe accompanying interim condensed consolidated financial statements and accompanying notes have been prepared in conformity with generally accepted accounting principles in the United States (U.S. GAAP) and applicable regulations of the Securities and Exchange Commission (the SEC) regarding interim financial reporting, and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company’s fiscal year ends on December 31.Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable required disclosures and regulations of the SEC. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related