Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 435

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 435
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 our revenue for those periods:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(dollars in thousands)(dollars in thousands)Revenue$562,027 $430,082 $1,553,430 $1,209,680 Cost of revenue146,316 95,967 390,569 270,016 Gross profit415,711 334,115 1,162,861 939,664 Operating expenses:Sales and marketing236,309 185,221 669,679 553,824 Research and development120,956 110,911 370,602 301,161 General and administrative95,906 68,777 280,551 204,721 Total operating expenses453,171 364,909 1,320,832 1,059,706 Loss from operations(37,460)(30,794)(157,971)(120,042)Non-operating income (expense):Interest income42,529 22,471 89,334 65,438 Interest expense(2,912)(1,433)(5,879)(3,751)Other income (expense), net(307)(3,066)(7,682)(1,673)Total non-operating income, net39,310 17,972 75,773 60,014 Income (loss) before income taxes1,850 (12,822)(82,198)(60,028)Provision for income taxes3,140 2,509 7,992 5,924 Net loss$(1,290)$(15,331)$(90,190)$(65,952)

43

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Percentage of Revenue Data:Revenue100 %100 %100 %100 %Cost of revenue26 22 25 22 Gross margin74 78 75 78 Operating expenses:Sales and marketing42 43 43 46 Research and development22 26 24 25 General and administrative17 16 18 17 Total operating expenses81 85 85 88 Loss from operations(7)(7)(10)(10)Non-operating income (expense):Interest income8 5 6 5 Interest expense(1)— — — Other income (expense