Cloudflare Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,053	147.69	86.86	204.18	313.78	108.9
Short-Term Investments	2,991	1,708	1,587	1,446	1,508	923.2
Cash & Short-Term Investments	4,044	1,856	1,674	1,650	1,822	1,032
Cash Growth	121.70%	10.88%	1.44%	-9.44%	76.52%	61.33%
Receivables	374.54	333.32	259.31	156.84	101.62	67.04
Prepaid Expenses	114.35	75.48	47.5	70.56	29.43	28.23
Restricted Cash	4.37	4.27	2.52	10.56	2.96	2.59
Total Current Assets	4,537	2,269	1,983	1,888	1,956	1,130
Property, Plant & Equipment	809.68	634.97	460.54	418.13	313.62	166.41
Goodwill	181.09	181.09	148.05	148.05	23.53	17.17
Other Intangible Assets	18.41	21.87	19.56	32.48	1.25	2.8
Long-Term Deferred Charges	194.04	172.22	133.24	93.15	70.32	44.18
Other Long-Term Assets	46.42	22.02	15.3	8.22	7.49	20.15
Total Assets	5,786	3,301	2,760	2,588	2,372	1,381
Accounts Payable	85.88	105.81	53.73	35.61	26.09	14.49
Accrued Expenses	182.72	162.46	127.4	110.34	108.64	54.23
Current Portion of Long-Term Debt	1,290	-	-	-	12.12	-
Current Portion of Leases	65.32	47.63	38.35	33.28	25.18	17.72
Current Unearned Revenue	598.98	477.77	347.61	218.65	116.55	54.95
Total Current Liabilities	2,223	793.65	567.08	397.87	288.57	141.38
Long-Term Debt	1,973	1,287	1,283	1,436	1,147	383.28
Long-Term Leases	173.43	128.27	113.49	107.62	109.04	27.31
Long-Term Unearned Revenue	45.9	22.1	17.24	11.73	4.68	1.89
Other Long-Term Liabilities	24.16	23.63	15.54	10.53	11.55	9.86
Total Liabilities	4,439	2,255	1,997	1,964	1,561	563.71
Common Stock	0.35	0.34	0.34	0.33	0.32	0.3
Additional Paid-In Capital	2,525	2,153	1,785	1,475	1,495	1,237
Retained Earnings	-1,193	-1,103	-1,024	-839.89	-680.83	-420.52
Comprehensive Income & Other	14.3	-4.25	1.98	-11.9	-2.65	0.16
Total Common Equity	1,347	1,046	763.05	623.96	811.36	816.94
Shareholders' Equity	1,347	1,046	763.05	623.96	811.36	816.94
Total Liabilities & Equity	5,786	3,301	2,760	2,588	2,372	1,381
Total Debt	3,502	1,463	1,435	1,577	1,293	428.3
Net Cash (Debt)	541.76	392.71	238.54	72.85	528.64	603.8
Net Cash Growth	45.20%	64.63%	227.46%	-86.22%	-12.45%	-4.04%
Net Cash Per Share	1.56	1.15	0.71	0.22	1.69	2.01
Filing Date Shares Outstanding	350.28	345.07	337.66	330.32	324.08	308.83
Total Common Shares Outstanding	350.2	344.86	337.53	330.09	323.61	308.64
Working Capital	2,314	1,475	1,416	1,490	1,667	988.58
Book Value Per Share	3.85	3.03	2.26	1.89	2.51	2.65
Tangible Book Value	1,148	843.25	595.44	443.43	786.58	796.97
Tangible Book Value Per Share	3.28	2.45	1.76	1.34	2.43	2.58
Machinery	720.13	526.74	371.34	276.95	181.84	132.51
Construction In Progress	69.86	68.97	45.56	72.83	41.42	11.24
Leasehold Improvements	50.5	49.05	42.98	20.39	12.89	10.69

Source: S&P Global Market Intelligence. Standard template. Financial Sources.