Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 15

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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,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$(50,446)$(15,078)$(88,900)$(50,621)

43

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Percentage of Revenue Data:Revenue100 %100 %100 %100 %Cost of revenue25 22 25 22 Gross margin75 78 75 78 Operating expenses:Sales and marketing43 44 44 47 Research and development26 26 25 24 General and administrative19 17 18 18 Total operating expenses88 87 87 89 Loss from operations(13)(9)(12)(11)Non-operating income (expense):Interest income5 5 5 5 Interest expense— — — — Other income (expense), net(1)— (1)— Total non-operating income, net4 5 4 5 Loss before income taxes(9)(4)(8)(6)Provision for income taxes1 — 1 — Net loss(10)%(4)%(9)%(6)%

Comparison of Three and Six Months Ended June 30, 2025 and 2024

Revenue

Three Months EndedJune 30