Cloudflare, Inc.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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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.
Sep 30, 2025 · Filed Oct 30, 2025
NET$305.80+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets as of and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,052,644 | $147,691 |
| Available-for-sale securities | 2,990,864 | 1,708,228 |
| Accounts receivable, net | 351,890 | 316,753 |
| Contract assets | 22,645 | 16,568 |
| Restricted cash short-term | 4,373 | 4,273 |
| Prepaid expenses and other current assets | 114,349 | 75,484 |
| Total current assets | 4,536,765 | 2,268,997 |
| Property and equipment, net | 588,361 | 467,420 |
| Goodwill | 181,087 | 181,087 |
| Acquired intangible assets, net | 18,411 | 21,865 |
| Operating lease right-of-use assets | 222,148 | 168,379 |
| Deferred contract acquisition costs, noncurrent | 194,035 | 172,217 |
| Restricted cash | 2,475 | 2,250 |
| Other noncurrent assets | 43,113 | 18,947 |
| Total assets | $5,786,395 | $3,301,162 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $85,878 | $105,807 |
| Accrued expenses and other current liabilities | 92,514 | 81,602 |
| Accrued compensation | 90,201 | 80,854 |
| Operating lease liabilities | 65,321 | 47,626 |
| Deferred revenue | 598,978 | 477,765 |
| Current portion of convertible senior notes, net | 1,290,291 | — |
| Total current liabilities | 2,223,183 | 793,654 |
| Convertible senior notes, net | 1,972,707 | 1,287,321 |
| Operating lease liabilities, noncurrent | 173,432 | 128,266 |
| Deferred revenue, noncurrent | 45,900 | 22,095 |
| Other noncurrent liabilities | 24,157 | 23,625 |
| Total liabilities | 4,439,379 | 2,254,961 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ Equity | ||
| Class A common stock; $0.001 par value; 2,250,000 shares authorized as of September 30, 2025 and December 31, 2024; 315,165 and 307,892 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 314 | 307 |
| Class B common stock; $0.001 par value; 315,000 shares authorized as of September 30, 2025 and December 31, 2024; 35,037 and 36,963 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 35 | 37 |
| Additional paid-in capital | 2,525,193 | 2,152,750 |
| Accumulated deficit | (1,192,830) | (1,102,640) |
| Accumulated other comprehensive income (loss) | 14,304 | (4,253) |
| Total stockholders’ equity | 1,347,016 | 1,046,201 |
| Total liabilities and stockholders’ equity | $5,786,395 | $3,301,162 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.