Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 326

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 326
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000 shares authorized as of June 30, 2025 and December 31, 2024; 35,738 and 36,963 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively36 37 Additional paid-in capital2,414,291 2,152,750 Accumulated deficit(1,191,540)(1,102,640)Accumulated other comprehensive income (loss)16,628 (4,253)Total stockholders’ equity1,239,727 1,046,201 Total liabilities and stockholders’ equity$5,562,361 $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 EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue$512,316 $400,996 $991,403 $779,598 Cost of revenue128,677 89,011 244,253 174,049 Gross profit383,639 311,985 747,150 605,549 Operating expenses:Sales and marketing219,359 174,501 433,370 368,603 Research and development134,557 102,547 249,646 190,250 General and administrative96,987 69,635 184,645 135,944 Total operating expenses450,903 346,683 867,661 694,797 Loss from operations(67,264)(34,698)(120,511)(89,248)Non-operating income (expense):Interest income25,406 21,715 46,805 42,967 Interest expense(1,524)(1,218)(2,967)(2,318)Other income (expense), net(3,907)269 (7,375)1,393 Total non-operating income, net19,975 20,766 36,463 42,042 Loss before income taxes(47,289)(13,932)(84,048)(47,206)Provision for income taxes3,157 1,146 4,852 3,415 Net loss$(50,