Cloudflare, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Feb 26, 2026
NET$305.80+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders' Equity
| Class A common stock · Class B common stock · Additionalpaid-incapital · Accumulateddeficit · Accumulatedothercomprehensiveincome (loss) · Totalstockholders’equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance as of December 31, 2022 | 286,561 | $286 | 43,525 | $42 | $1,475,423 | $(839,891) | $(11,896) | $623,964 |
| Issuance of common stock upon exercise of stock options | 448 | — | 2,541 | 3 | 14,848 | — | — | 14,851 |
| Repurchases of unvested common stock | (17) | — | — | — | — | — | — | — |
| Vesting of shares issued upon early exercise of stock options | — | — | — | 1 | 1,760 | — | — | 1,761 |
| Issuance of common stock related to settlement of RSUs | 3,291 | 3 | 398 | 1 | (4) | — | — | — |
| Tax withholding on RSU settlement | (105) | — | (18) | — | (7,953) | — | — | (7,953) |
| Conversion of Class B to Class A Common stock | 7,003 | 7 | (7,003) | (7) | — | — | — | — |
| Common stock issued under employee stock purchase plan | 447 | 1 | — | — | 19,082 | — | — | 19,083 |
| Settlement of common stock in connection with convertible senior notes | 461 | — | — | — | 46 | — | — | 46 |
| Stock-based compensation | — | — | — | — | 281,364 | — | — | 281,364 |
| Net loss | — | — | — | — | — | (183,949) | — | (183,949) |
| Other comprehensive income | — | — | — | — | — | — | 13,880 | 13,880 |
| Balance as of December 31, 2023 | 298,089 | 297 | 39,443 | 40 | 1,784,566 | (1,023,840) | 1,984 | 763,047 |
| Issuance of common stock upon exercise of stock options | 247 | — | 2,735 | 3 | 12,902 | — | — | 12,905 |
| Issuance of common stock related to early exercised stock options | — | — | 2 | — | — | — | — | — |
| Vesting of shares issued upon early exercise of stock options | — | — | — | — | 109 | — | — | 109 |
| Issuance of common stock related to settlement of RSUs and PSUs | 4,208 | 4 | — | — | (4) | — | — | — |
| Tax withholding on RSU settlement | (195) | — | — | — | (16,774) | — | — | (16,774) |
| Conversion of Class B to Class A Common stock | 5,217 | 6 | (5,217) | (6) | — | — | — | — |
| Common stock issued under employee stock purchase plan | 326 | — | — | — | 19,796 | — | — | 19,796 |
| Other | — | — | — | — | 1,689 | — | — | 1,689 |
| Stock-based compensation | — | — | — | — | 350,466 | — | — | 350,466 |
| Net loss | — | — | — | — | — | (78,800) | — | (78,800) |
| Other comprehensive loss | — | — | — | — | — | — | (6,237) | (6,237) |
| Balance as of December 31, 2024 | 307,892 | 307 | 36,963 | 37 | 2,152,750 | (1,102,640) | (4,253) | 1,046,201 |
| Issuance of common stock upon exercise of stock options | 443 | 1 | 1,899 | 1 | 33,121 | — | — | 33,123 |
| Issuance of common stock related to settlement of RSUs and PSUs | 4,683 | 5 | — | — | (5) | — | — | — |
| Tax withholding on RSU and PSU settlement | (260) | — | — | — | (48,254) | — | — | (48,254) |
| Conversion of Class B to Class A Common stock | 4,294 | 4 | (4,294) | (4) | — | — | — | — |
| Common stock issued under employee stock purchase plan | 267 | — | — | — | 25,435 | — | — | 25,435 |
| Reclassification of the 2025 capped calls from equity to derivative asset | — | — | — | — | 308,299 | — | — | 308,299 |
| Purchase of capped calls related to the 2030 convertible senior notes | — | — | — | — | (283,400) | — | — | (283,400) |
| Stock-based compensation | — | — | — | — | 463,474 | — | — | 463,474 |
| Net loss | — | — | — | — | — | (102,267) | — | (102,267) |
| Other comprehensive income | — | — | — | — | — | — | 16,512 | 16,512 |
| Balance as of December 31, 2025 | 317,319 | $317 | 34,568 | $34 | $2,651,420 | $(1,204,907) | $12,259 | $1,459,123 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.