Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 414

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 414
---
30

Note 11. Net Loss per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Class AClass BClass AClass BClass AClass BClass AClass B(in thousands, except per share data)Net loss attributable to common stockholders$(45,216)$(5,230)$(13,375)$(1,703)$(79,567)$(9,333)$(44,833)$(5,788)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted311,466 36,023 302,171 38,477 310,216 36,389 300,786 38,831 Net loss per share attributable to common stockholders, basic and diluted$(0.15)$(0.15)$(0.04)$(0.04)$(0.26)$(0.26)$(0.15)$(0.15)Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been antidilutive. The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows:June 30,20252024(in thousands)2026 Notes6,762 6,762 2030 Notes8,075 — Unexercised stock options7,517 9,977 Unvested RSUs11,723 10,590 Shares issuable pursuant to the ESPP113 169 Total34,190 27,498 

Note 12. Income Taxes

The computation of the provision for income taxes for interim periods is determined by applying the estimated annual effective tax rate to year-to-date earnings from recurring operations and adjusting for discrete tax items recorded in the period. The Company's ability to estimate the geographic mix of earnings is impacted by the relatively high-growth nature of the business, fluctuations of business operations by country, and implementation of tax planning strategies.The Company recorded an income tax expense of $3.2 million and $1.1 million for the three months ended June 30, 2025