Cloudflare, Inc.

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 31, 2025

NET$305.80+4.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations for the Three and

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Three Months EndedJune 30, · Six Months EndedJune 30,
2025 · 2024 · 2025 · 2024
Revenue	$512,316	$400,996	$991,403	$779,598
Cost of revenue	128,677	89,011	244,253	174,049
Gross profit	383,639	311,985	747,150	605,549
Operating expenses:
Sales and marketing	219,359	174,501	433,370	368,603
Research and development	134,557	102,547	249,646	190,250
General and administrative	96,987	69,635	184,645	135,944
Total operating expenses	450,903	346,683	867,661	694,797
Loss from operations	(67,264)	(34,698)	(120,511)	(89,248)
Non-operating income (expense):
Interest income	25,406	21,715	46,805	42,967
Interest expense	(1,524)	(1,218)	(2,967)	(2,318)
Other income (expense), net	(3,907)	269	(7,375)	1,393
Total non-operating income, net	19,975	20,766	36,463	42,042
Loss before income taxes	(47,289)	(13,932)	(84,048)	(47,206)
Provision for income taxes	3,157	1,146	4,852	3,415
Net loss	$(50,446)	$(15,078)	$(88,900)	$(50,621)
Net loss per share attributable to common stockholders, basic and diluted	$(0.15)	$(0.04)	$(0.26)	$(0.15)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	347,489	340,648	346,605	339,617

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.