Cloudflare Inc

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

NET$293.75+9.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except par value)

	December 31,
2024	2023
Assets
Current assets:
Cash and cash equivalents	$147,691	$86,864
Available-for-sale securities	1,708,228	1,586,880
Accounts receivable, net	316,753	248,268
Contract assets	16,568	11,041
Restricted cash short-term	4,273	2,522
Prepaid expenses and other current assets	75,484	47,502
Total current assets	2,268,997	1,983,077
Property and equipment, net	467,420	322,813
Goodwill	181,087	148,047
Acquired intangible assets, net	21,865	19,564
Operating lease right-of-use assets	168,379	138,556
Deferred contract acquisition costs, noncurrent	172,217	133,236
Restricted cash	2,250	1,838
Other noncurrent assets	18,947	12,636
Total assets	$3,301,162	$2,759,767
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$105,807	$53,727
Accrued expenses and other current liabilities	81,602	63,597
Accrued compensation	80,854	63,801
Operating lease liabilities	47,626	38,351
Deferred revenue	477,765	347,608
Total current liabilities	793,654	567,084
Convertible senior notes, net	1,287,321	1,283,362
Operating lease liabilities, noncurrent	128,266	113,490
Deferred revenue, noncurrent	22,095	17,244
Other noncurrent liabilities	23,625	15,540
Total liabilities	2,254,961	1,996,720
Commitments and contingencies (Note 8)
Stockholders’ Equity
Class A common stock; $0.001 par value; 2,250,000 shares authorized as of December 31, 2024 and 2023; 307,892 and 298,089 shares issued and outstanding as of December 31, 2024 and 2023, respectively	307	297
Class B common stock; $0.001 par value; 315,000 shares authorized as of December 31, 2024 and 2023; 36,963 and 39,443 shares issued and outstanding as of December 31, 2024 and 2023, respectively	37	40
Additional paid-in capital	2,152,750	1,784,566
Accumulated deficit	(1,102,640)	(1,023,840)
Accumulated other comprehensive income (loss)	(4,253)	1,984
Total stockholders’ equity	1,046,201	763,047
Total liabilities and stockholders’ equity	$3,301,162	$2,759,767

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.