Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 323

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 323
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 authorized as of March 31, 2025 and December 31, 2024; 36,538 and 36,963 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively37 37 Additional paid-in capital2,562,972 2,152,750 Accumulated deficit(1,141,094)(1,102,640)Accumulated other comprehensive income (loss)3,654 (4,253)Total stockholders’ equity1,425,878 1,046,201 Total liabilities and stockholders’ equity$3,721,259 $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 EndedMarch 31,20252024Revenue$479,087 $378,602 Cost of revenue115,576 85,038 Gross profit363,511 293,564 Operating expenses:Sales and marketing214,011 194,102 Research and development115,089 87,703 General and administrative87,658 66,309 Total operating expenses416,758 348,114 Loss from operations(53,247)(54,550)Non-operating income (expense):Interest income21,399 21,252 Interest expense(1,443)(1,100)Other income (expense), net(3,468)1,124 Total non-operating income, net16,488 21,276 Loss before income taxes(36,759)(33,274)Provision for income taxes1,695 2,269 Net loss$(38,454)$(35,543)Net loss per share attributable to common stockholders, basic and diluted$(0.11)$(0.10)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted345,723 338,583 

The accompanying notes are an integral part of these condensed consolidated financial statements.9

Table of contents

CLOUDFLARE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

(unaudited)

Three Months EndedMarch 31,20252024Net loss$(38,454