Company: NET
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001477333-25-000141
Chunk: 332

Company: Cloudflare, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 332
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 253,350 — — 253,350 Net loss— — — — — (65,952)— (65,952)Other comprehensive income— — — — — — 13,963 13,963 Balance as of September 30, 2024305,386 $305 37,661 $37 $2,046,593 $(1,089,792)$15,947 $973,090 

The accompanying notes are an integral part of these condensed consolidated financial statements.14

CLOUDFLARE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)Nine Months Ended September 30,20252024Cash Flows from Operating ActivitiesNet loss$(90,190)$(65,952)Adjustments to reconcile net loss to cash provided by operating activities:Depreciation and amortization expense137,156 91,476 Non-cash operating lease costs47,182 35,624 Amortization of deferred contract acquisition costs73,700 56,707 Stock-based compensation expense327,829 243,969 Amortization of debt issuance costs4,630 2,970 Net accretion of discounts and amortization of premiums on available-for-sale securities(21,544)(33,980)Deferred income taxes(480)(1,338)Provision for bad debt12,778 7,357 Other3,074 361 Changes in operating assets and liabilities, net of effect of asset acquisitions and business combinations:Accounts receivable, net(47,915)(12,016)Contract assets(6,077)(2,417)Deferred contract acquisition costs(95,518)(75,851)Prepaid expenses and other current assets(62,278)(25,313)Other noncurrent assets4,442 621 Accounts payable(4,329)7,817 Accrued expenses and other current liabilities17,610 7,631 Accrued compensation9,347 3,685 Operating lease liabilities(41,930)(36,020)Deferred revenue145,018 46,933 Other noncurrent liabilities198 857 Net cash provided by operating activities412,703 253,121 Cash Flows from Investing ActivitiesPurchases of property and equipment(230,427)(111,884)Capitalized internal-use software(21