Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 416

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 416
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 table sets forth the total stock-based compensation expense included in the Company’s condensed consolidated statements of operations:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Cost of revenue$3,423 $2,820 $9,368 $8,202 Sales and marketing31,863 23,668 94,124 67,646 Research and development34,309 38,990 112,958 99,974 General and administrative40,322 22,777 111,379 68,147 Total stock-based compensation expense$109,917 $88,255 $327,829 $243,969 

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Note 11. Net Loss per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Class AClass BClass AClass BClass AClass BClass AClass B(in thousands, except per share data)Net loss attributable to common stockholders$(1,159)$(131)$(13,632)$(1,699)$(80,836)$(9,354)$(58,489)$(7,463)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted313,950 35,362 304,415 37,941 311,476 36,043 302,007 38,532 Net loss per share attributable to common stockholders, basic and diluted$(0.00)$(0.00)$(0.04)$(0.04)$(0.26)$(0.26)$(0.19)$(0.19)Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been antidilutive. The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows:September 30,20252024(in thousands)2026 Notes6,762 6,762 2030 Notes8,075 — Unexercised stock options6,348 9,652 Unvested