Company: NET
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001477333-25-000137
Chunk: 19

Company: Cloudflare, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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.8 million in increased employee-related costs due to a 15% increase in headcount in our general and administrative organization, including an increase of $27.9 million in stock-based compensation expense. The remainder of the increase was primarily due to an increase of $5.3 million in travel-related expenses and an increase of $3.8 million in lease impairment charges. These increases were partially offset by $4.3 million of decreased allocated overhead costs.

Non-Operating Income (Expense)

Interest Income

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(dollars in thousands)(dollars in thousands)Interest income$25,406 $21,715 $3,691 17 %$46,805 $42,967 $3,838 9 %

Interest income did not significantly fluctuate during the three and six months ended June 30, 2025, as compared to the three and six months ended June 30, 2024. 

Interest Expense

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(dollars in thousands)(dollars in thousands)Interest expense$(1,524)$(1,218)$(306)25 %$(2,967)$(2,318)$(649)28 %

Interest expense did not significantly fluctuate during the three and six months ended June 30, 2025, as compared to the three and six months ended June 30, 2024. 

Other Income (Expense), net

46

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024$%20252024$%(dollars in thousands)(dollars in thousands)Other income (expense), net$(3,907)$269 $(4,176)*$(7,375)$1,393 $(8,768)*

______________

* Not meaningful

Other income (expense), net did not significantly fluctuate during the three months ended June 30, 2025, as compared to the three months ended June 30, 2024. 

Other income (expense), net decreased by $8.8 million for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The decrease was primarily driven by larger unrealized losses due to changes in foreign currency exchange rates relative to