Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 331

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 331
---
 inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. These inputs are based on the Company’s own assumptions used to measure assets and liabilities at fair value and require significant management judgment or estimation.

16

The Company classifies money market funds within Level I of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company classifies its investments, which are comprised of U.S. treasury securities, U.S. government agency securities, commercial paper, and corporate bonds, within Level II of the fair value hierarchy because the fair value of these securities is priced by using inputs based on non-binding market consensus prices that are primarily corroborated by observable market data or quoted market prices for similar instruments. The Company recognizes transfers between levels within the fair value hierarchy, if any, at the end of each period. There were no transfers between levels during the periods presented.The following table summarizes the Company’s cash and available-for-sale securities’ amortized cost, unrealized gains (losses), and fair value by significant investment category reported as cash and cash equivalents, restricted cash short-term, restricted cash, or available-for-sale securities as of March 31, 2025 and December 31, 2024.(in thousands)    Reported as:March 31, 2025AmortizedCostUnrealizedGainUnrealized(Loss)Fair ValueCash &CashEquivalentsAvailable-for-sale SecuritiesRestrictedCash (Current and Non-Current)Cash$36,224 $— $— $36,224 $29,601 $— $6,623 Level I:Money market funds149,453 — — 149,453 149,453 — — Level II:Corporate bonds516,106 1,338 (140)517,304 4,992 512,312 — U.S. treasury securities1,119,056 2,510 (232)1,121,334 14,922 1,106,412 — U.S. government agency securities62,438 24 (19)62,443 — 62,443 — Commercial paper34,739 — — 34,739 5,491 29,248 — Subtotal1,732,339 3,872 (391)1,735,820 25,405 1,710,