Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 325

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 325
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 $2,562,972 $(1,141,094)$3,654 $1,425,878 

The accompanying notes are an integral part of these condensed consolidated financial statements.11

Table of contentsCLOUDFLARE, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(in thousands)(unaudited)

Three Months Ended March 31, 2024Class A common stockClass B common stockAdditionalpaid-incapitalAccumulateddeficitAccumulatedothercomprehensiveincome (loss)Totalstockholders’equitySharesAmountSharesAmountBalance as of December 31, 2023298,089 $297 39,443 $40 $1,784,566 $(1,023,840)$1,984 $763,047 Issuance of common stock upon exercise of stock options 114 — 1,016 1 4,421 — — 4,422 Vesting of shares issued upon early exercise of stock options — — — — 31 — — 31 Issuance of common stock related to settlement of RSUs1,114 1 — — (1)— — — Tax withholding on RSU settlement (43)— — — (4,401)— — (4,401)Conversion of Class B to Class A common stock 1,749 2 (1,749)(2)— — — — Stock-based compensation — — — — 72,552 — — 72,552 Net loss — — — — — (35,543)— (35,543)Other comprehensive loss— — — — — — (2,884)(2,884)Balance as of March 31, 2024301,023 $300 38,710 $39 $1,857,168 $(1,059,383)$(900)$797,224 

The accompanying notes are an integral part of these condensed consolidated financial statements.12

CLOUDFLARE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)Three Months Ended March 31,20252024Cash Flows from Operating ActivitiesNet loss$(38,454)$(35,543)Adjustments to