Cloudflare Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	943.54	147.69	86.86	204.18	313.78
Short-Term Investments	3,158	1,708	1,587	1,446	1,508
Cash & Short-Term Investments	4,101	1,856	1,674	1,650	1,822
Cash Growth	120.98%	10.88%	1.44%	-9.44%	76.52%
Receivables	406.02	333.32	259.31	156.84	101.62
Prepaid Expenses	128.2	75.48	47.5	70.56	29.43
Restricted Cash	9.36	4.27	2.52	10.56	2.96
Total Current Assets	4,645	2,269	1,983	1,888	1,956
Property, Plant & Equipment	856.34	634.97	460.54	418.13	313.62
Goodwill	226.56	181.09	148.05	148.05	23.53
Other Intangible Assets	41.8	21.87	19.56	32.48	1.25
Long-Term Deferred Charges	219.5	172.22	133.24	93.15	70.32
Other Long-Term Assets	47.22	22.02	15.3	8.22	7.49
Total Assets	6,036	3,301	2,760	2,588	2,372
Accounts Payable	84.12	105.81	53.73	35.61	26.09
Accrued Expenses	220.06	162.46	127.4	110.34	108.64
Current Portion of Long-Term Debt	1,291	-	-	-	12.12
Current Portion of Leases	70.9	47.63	38.35	33.28	25.18
Current Unearned Revenue	684.21	477.77	347.61	218.65	116.55
Total Current Liabilities	2,351	793.65	567.08	397.87	288.57
Long-Term Debt	1,974	1,287	1,283	1,436	1,147
Long-Term Leases	182.03	128.27	113.49	107.62	109.04
Long-Term Unearned Revenue	41.09	22.1	17.24	11.73	4.68
Other Long-Term Liabilities	29.34	23.63	15.54	10.53	11.55
Total Liabilities	4,577	2,255	1,997	1,964	1,561
Common Stock	0.35	0.34	0.34	0.33	0.32
Additional Paid-In Capital	2,651	2,153	1,785	1,475	1,495
Retained Earnings	-1,205	-1,103	-1,024	-839.89	-680.83
Comprehensive Income & Other	12.26	-4.25	1.98	-11.9	-2.65
Total Common Equity	1,459	1,046	763.05	623.96	811.36
Shareholders' Equity	1,459	1,046	763.05	623.96	811.36
Total Liabilities & Equity	6,036	3,301	2,760	2,588	2,372
Total Debt	3,518	1,463	1,435	1,577	1,293
Net Cash (Debt)	582.92	392.71	238.54	72.85	528.64
Net Cash Growth	48.44%	64.63%	227.46%	-86.22%	-12.45%
Net Cash Per Share	1.67	1.15	0.71	0.22	1.69
Filing Date Shares Outstanding	351.89	345.07	337.66	330.32	324.08
Total Common Shares Outstanding	351.89	344.86	337.53	330.09	323.61
Working Capital	2,294	1,475	1,416	1,490	1,667
Book Value Per Share	4.15	3.03	2.26	1.89	2.51
Tangible Book Value	1,191	843.25	595.44	443.43	786.58
Tangible Book Value Per Share	3.38	2.45	1.76	1.34	2.43
Machinery	-	526.74	371.34	276.95	181.84
Construction In Progress	-	68.97	45.56	72.83	41.42
Leasehold Improvements	-	49.05	42.98	20.39	12.89

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