Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

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

Fiscal Quarter	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Cash & Equivalents	204.46	147.69	182.88	156.97	254.4	86.86	94.14	159.32	256.36	204.18	137.84	142.68	151.98	313.78	618.23	247.55	187.48	108.9	111.96	313.98
Short-Term Investments	1,710	1,708	1,641	1,600	1,462	1,587	1,480	1,425	1,459	1,446	1,498	1,499	1,573	1,508	1,196	785.99	847.75	923.2	942.98	758.45
Cash & Short-Term Investments	1,915	1,856	1,824	1,757	1,716	1,674	1,574	1,585	1,716	1,650	1,636	1,642	1,725	1,822	1,814	1,034	1,035	1,032	1,055	1,072
Cash Growth	11.58%	10.88%	15.85%	10.90%	0.04%	1.44%	-3.79%	-3.49%	-0.56%	-9.44%	-9.79%	58.86%	66.65%	76.52%	71.94%	-3.63%	74.99%	61.33%	62.92%	742.43%
Accounts Receivable	302.31	333.32	266.39	263.13	224.77	259.31	211.16	186.59	187.77	156.84	134.08	129.31	131.68	101.62	89.75	81.1	74.9	67.04	50.87	45.87
Other Receivables	-	-	-	-	-	-	37.5	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	302.31	333.32	266.39	263.13	224.77	259.31	248.66	186.59	187.77	156.84	134.08	129.31	131.68	101.62	89.75	81.1	74.9	67.04	50.87	45.87
Prepaid Expenses	402.74	75.48	72.65	71.49	69.66	47.5	33.43	44.05	40.53	70.56	34.74	33.5	35.4	29.43	26.48	28.65	27.09	28.23	13.46	10.16
Restricted Cash	4.37	4.27	1	1	5.54	2.52	1.61	2.8	10.51	10.56	10.71	9.36	2.49	2.96	0.47	2.66	2.66	2.59	2.19	-
Other Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.92	3.66
Total Current Assets	2,624	2,269	2,164	2,093	2,016	1,983	1,858	1,818	1,954	1,888	1,816	1,814	1,895	1,956	1,931	1,146	1,140	1,130	1,127	1,132
Property, Plant & Equipment	691.13	634.97	547.24	480.17	470.42	460.54	435.4	422.48	428.27	418.13	396.27	375.9	340.48	313.62	277.39	200.75	177.11	166.41	167.1	160.27
Goodwill	181.09	181.09	157.2	156.16	148.05	148.05	148.05	148.05	148.05	148.05	149.12	149.12	28.48	23.53	17.17	17.17	17.17	17.17	17.17	17.17
Other Intangible Assets	23.9	21.87	19.25	21.66	14.3	19.56	17.82	22.71	27.6	32.48	37.37	42.26	3.85	1.25	0.7	1.4	2.1	2.8	3.5	4.2
Long-Term Deferred Charges	174.54	172.22	152.38	144.33	137.53	133.24	115.15	107.48	98.43	93.15	87.28	80.71	76.27	70.32	61.61	56.59	48.98	44.18	37.71	33.88
Other Long-Term Assets	26.31	22.02	22.8	21.33	15.17	15.3	15.49	14.44	10.82	8.22	4.79	6.46	10.07	7.49	28.08	24.08	20.3	20.15	18.37	16.41
Total Assets	3,721	3,301	3,063	2,917	2,802	2,760	2,590	2,533	2,668	2,588	2,491	2,468	2,354	2,372	2,316	1,446	1,406	1,381	1,371	1,364
Accounts Payable	93.78	105.81	74.11	59.53	47.83	53.73	40.59	32.38	54.56	35.61	39.23	55.73	32.93	26.09	34.56	29.56	20.48	14.49	17	17.28
Accrued Expenses	166.07	162.46	134.68	124.73	130.71	127.4	108.01	102.07	116.35	110.34	100.14	92.97	84.74	108.64	76.53	71.06	63.26	54.23	35.32	34.88
Current Portion of Long-Term Debt	-	-	-	-	-	-	-	35.33	-	-	-	-	-	12.12	-	-	-	-	-	-
Current Portion of Leases	53.06	47.63	43.03	40.74	39.27	38.35	35.08	35.37	34.8	33.28	28.53	28.3	27.31	25.18	23.45	20.03	17.99	17.72	17.27	17.24
Current Unearned Revenue	508.09	477.77	389.8	370.97	356.24	347.61	294.1	267.98	238.8	218.65	171.4	155.81	131.65	116.55	92.42	79.83	66.42	54.95	48.44	43.42
Other Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.99	7.93
Total Current Liabilities	821.01	793.65	641.62	595.97	574.06	567.08	477.78	473.12	444.51	397.87	339.29	332.81	276.62	288.57	226.96	200.48	168.15	141.38	131	120.75
Long-Term Debt	1,288	1,287	1,286	1,285	1,284	1,283	1,282	1,281	1,437	1,436	1,435	1,434	1,433	1,147	1,143	401.43	392.25	383.28	374.51	365.95
Long-Term Leases	134.52	128.27	121.37	112.51	113.02	113.49	101.67	106.99	108.8	107.62	104.02	105.35	114.62	109.04	81.11	26.94	25.63	27.31	29.68	30.87
Long-Term Unearned Revenue	27.56	22.1	21.99	23.58	17.65	17.24	17.35	18.86	13.47	11.73	8.69	6.84	5.58	4.68	4.56	4.73	5.06	1.89	1.64	1.6
Other Long-Term Liabilities	23.99	23.63	18.35	17.73	15.33	15.54	11.48	11.02	10.85	10.53	9.61	9.1	8.96	11.55	6.43	11.27	10.4	9.86	7.95	9.27
Total Liabilities	2,295	2,255	2,090	2,035	2,004	1,997	1,891	1,891	2,015	1,964	1,897	1,888	1,838	1,561	1,462	644.84	601.49	563.71	544.78	528.44
Common Stock	0.35	0.34	0.34	0.34	0.34	0.34	0.34	0.33	0.33	0.33	0.33	0.33	0.32	0.32	0.32	0.31	0.31	0.3	0.3	0.3
Additional Paid-In Capital	2,563	2,153	2,047	1,957	1,857	1,785	1,699	1,620	1,536	1,475	1,405	1,348	1,216	1,495	1,456	1,297	1,264	1,237	1,212	1,194
Retained Earnings	-1,141	-1,103	-1,090	-1,074	-1,059	-1,024	-995.98	-972.44	-877.97	-839.89	-793.97	-751.43	-687.89	-680.83	-603.33	-495.99	-460.48	-420.52	-386.5	-360.03
Comprehensive Income & Other	3.65	-4.25	15.95	-1.32	-0.9	1.98	-4.15	-6.31	-6.14	-11.9	-17.3	-16.08	-12.75	-2.65	-0.21	-0.04	0.03	0.16	0.57	1.22
Total Common Equity	1,426	1,046	973.09	881.55	797.22	763.05	699.26	641.83	652.59	623.96	593.99	580.49	515.48	811.36	853.15	801.1	804.04	816.94	826.45	835.62
Shareholders' Equity	1,426	1,046	973.09	881.55	797.22	763.05	699.26	641.83	652.59	623.96	593.99	580.49	515.48	811.36	853.15	801.1	804.04	816.94	826.45	835.62
Total Liabilities & Equity	3,721	3,301	3,063	2,917	2,802	2,760	2,590	2,533	2,668	2,588	2,491	2,468	2,354	2,372	2,316	1,446	1,406	1,381	1,371	1,364
Total Debt	1,476	1,463	1,451	1,439	1,437	1,435	1,419	1,459	1,581	1,577	1,568	1,568	1,575	1,293	1,248	448.4	435.86	428.3	421.45	414.06
Net Cash (Debt)	438.98	392.71	373.11	318.81	279.56	238.54	155.18	125.55	134.64	72.85	68.69	74.34	150.61	528.64	566.01	585.15	599.36	603.8	633.48	658.38
Net Cash Growth	57.03%	64.63%	140.43%	153.93%	107.64%	227.46%	125.92%	68.90%	-10.61%	-86.22%	-87.86%	-87.30%	-74.87%	-12.45%	-10.65%	-11.12%	10.83%	-4.04%	-0.55%	463.98%
Net Cash Per Share	1.27	1.14	1.09	0.94	0.83	0.71	0.46	0.38	0.41	0.22	0.21	0.23	0.47	1.65	1.80	1.90	1.96	1.99	2.10	2.20
Filing Date Shares Outstanding	346.61	345.07	343.19	341.7	339.79	337.66	335.77	334.22	331.91	330.32	328.62	327.46	326.24	324.08	321.75	312.43	310.63	308.83	307.3	305.73
Total Common Shares Outstanding	346.53	344.86	343.05	341.54	339.73	337.53	335.67	333.64	331.77	330.09	328.34	327.4	325.54	323.61	321.61	312.37	310.53	308.64	307.03	305.42
Working Capital	1,803	1,475	1,522	1,497	1,442	1,416	1,380	1,345	1,510	1,490	1,477	1,481	1,618	1,667	1,704	945.48	971.72	988.58	996.38	1,011
Book Value Per Share	4.11	3.03	2.84	2.58	2.35	2.26	2.08	1.92	1.97	1.89	1.81	1.77	1.58	2.51	2.65	2.56	2.59	2.65	2.69	2.74
Tangible Book Value	1,221	843.25	796.64	703.72	634.88	595.44	533.39	471.08	476.94	443.43	407.5	389.11	483.15	786.58	835.28	782.53	784.77	796.97	805.78	814.25
Tangible Book Value Per Share	3.52	2.45	2.32	2.06	1.87	1.76	1.59	1.41	1.44	1.34	1.24	1.19	1.48	2.43	2.60	2.51	2.53	2.58	2.62	2.67
Machinery	595.17	526.74	459.11	428.5	403.47	371.34	364.73	345.7	315.95	276.95	265.86	233.7	212.53	181.84	174.56	158.66	142.27	132.51	140.17	126.55
Construction In Progress	69.96	68.97	71.27	33.73	35.03	45.56	39.6	23.25	49.01	72.83	65.61	66.51	36.56	41.42	43.66	32.89	22.14	11.24	13.53	15.71
Leasehold Improvements	49.57	49.05	47.89	44.47	43.24	42.98	42.84	42.82	34.69	20.39	20.03	19.46	16.79	12.89	12.15	10.23	10.69	10.69	11.47	11.63

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q