Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 327

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 327
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 307 Class B common stock; $0.001 par value; 315,000 shares authorized as of September 30, 2025 and December 31, 2024; 35,037 and 36,963 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively35 37 Additional paid-in capital2,525,193 2,152,750 Accumulated deficit(1,192,830)(1,102,640)Accumulated other comprehensive income (loss)14,304 (4,253)Total stockholders’ equity1,347,016 1,046,201 Total liabilities and stockholders’ equity$5,786,395 $3,301,162 

The accompanying notes are an integral part of these condensed consolidated financial statements.8

Table of contents

CLOUDFLARE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue$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)(