Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 381

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 381
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,125 (316)467,578 — 467,578 — U.S. treasury securities1,120,478 2,403 (677)1,122,204 — 1,122,204 — U.S. government agency securities69,872 55 (19)69,908 — 69,908 — Commercial paper48,538 — — 48,538 — 48,538 — Subtotal1,705,657 3,583 (1,012)1,708,228 — 1,708,228 — Total assets measured at fair value on a recurring basis$1,859,871 $3,583 $(1,012)$1,862,442 $147,691 $1,708,228 $6,523 As of March 31, 2025, the Company had $6.6 million in total restricted cash mainly related to indemnity holdback consideration associated with asset acquisitions and business combinations.

17

The aggregate fair value of the Company’s money market funds approximated amortized cost and, as such, there were no unrealized gains or losses on money market funds as of March 31, 2025 and December 31, 2024. Realized gains and losses, net of tax, were not material for any of the periods presented.The amortized cost of available-for-sale investments with maturities less than one year was $1,083.7 million and $1,139.9 million as of March 31, 2025 and December 31, 2024, respectively. The amortized cost of available-for-sale investments with maturities greater than one year was $623.2 million and $565.8 million as of March 31, 2025 and December 31, 2024, respectively.Net unrealized gain on investments was $3.5 million and $2.6 million as of March 31, 2025 and December 31, 2024, respectively and was included in accumulated other comprehensive income on the condensed consolidated balance sheet. The unrealized gains and losses on available-for-sale investments are related to U.S. treasury securities, U.S. government agency securities, commercial paper, and corporate bonds. The Company determined any unrealized losses to be temporary. Factors considered in determining whether a loss is temporary include the financial condition and near-term prospects of