Company: NET
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477333-25-000082
Chunk: 324

Company: Cloudflare, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 324
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)$(35,543)Other comprehensive income (loss), net of tax:Change in unrealized gain on investments910 (2,884)Cash flow hedges:Change in unrealized gain on cash flow hedges6,022 — Reclassification of loss included in net loss975 — Net changes on cash flow hedges 6,997 — Other comprehensive income (loss), net of tax7,907 (2,884)Comprehensive loss$(30,547)$(38,427)

The accompanying notes are an integral part of these condensed consolidated financial statements.10

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

Three Months Ended March 31, 2025Class A common stockClass B common stockAdditionalpaid-incapitalAccumulateddeficitAccumulatedothercomprehensiveincome (loss)Totalstockholders’equitySharesAmountSharesAmountBalance as of December 31, 2024307,892 $307 36,963 $37 $2,152,750 $(1,102,640)$(4,253)$1,046,201 Issuance of common stock upon exercise of stock options98 — 601 1 11,228 — — 11,229 Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs)1,020 1 — — (1)— — — Tax withholding on RSU settlement(45)— — — (7,707)— — (7,707)Conversion of Class B to Class A common stock1,026 1 (1,026)(1)— — — — Reclassification of the 2025 Capped Calls from equity to derivative asset— — — — 308,299 — — 308,299 Stock-based compensation— — — — 98,403 — — 98,403 Net loss— — — — — (38,454)— (38,454)Other comprehensive income— — — — — — 7,907 7,907 Balance as of March 31, 2025309,991 $309 36,538 $37