Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 395

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 395
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 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 and nine months ended September 30, 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 September 30,Nine Months Ended September 30,2025202420252024(dollars in thousands)(dollars in thousands)AmountPercentageof RevenueAmountPercentageof RevenueAmountPercentageof RevenueAmountPercentageof RevenueUnited States$282,604 50 %$214,955 50 %$769,385 49 %$618,426 51 %Europe, Middle East, and Africa153,298 27 %121,802 28 %430,589 28 %338,154 28 %Asia Pacific84,667 15 %59,103 14 %233,206 15 %158,880 13 %Other41,458 8 %34,222 8 %120,250 8 %94,220 8 %Total$562,027 100 %$430,082 100 %$1,553,430 100 %$1,209,680 100 %

17

The following table summarizes the revenue from contracts by type of customer:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(dollars in thousands)(dollars in thousands)AmountPercentageof RevenueAmountPercentageof RevenueAmountPercentageof RevenueAmountPercentageof RevenueChannel partners$149,859 27 %$88,865 21 %$392,829 25 %