Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,664	943.54	147.69	86.86	204.18	313.78
Short-Term Investments	2,499	3,158	1,708	1,587	1,446	1,508
Cash & Short-Term Investments	4,163	4,101	1,856	1,674	1,650	1,822
Cash Growth	5.13%	120.98%	10.88%	1.44%	-9.44%	76.52%
Receivables	450.13	406.02	333.32	259.31	156.84	101.62
Prepaid Expenses	153.28	128.2	75.48	47.5	70.56	29.43
Restricted Cash	12.16	9.36	4.27	2.52	10.56	2.96
Total Current Assets	4,778	4,645	2,269	1,983	1,888	1,956
Property, Plant & Equipment	950.06	855.51	634.97	460.54	418.13	313.62
Goodwill	376.2	226.56	181.09	148.05	148.05	23.53
Other Intangible Assets	57.37	41.8	21.87	19.56	32.48	1.25
Long-Term Deferred Charges	240.52	219.5	172.22	133.24	93.15	70.32
Other Long-Term Assets	71.6	48.05	22.02	15.3	8.22	7.49
Total Assets	6,474	6,036	3,301	2,760	2,588	2,372

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	127.03	84.12	105.81	53.73	35.61	26.09
Accrued Expenses	317.32	220.06	162.46	127.4	110.34	108.64
Current Portion of Long-Term Debt	1,293	1,291	-	-	-	12.12
Current Portion of Leases	78.24	70.9	47.63	38.35	33.28	25.18
Current Unearned Revenue	812.19	684.21	477.77	347.61	218.65	116.55
Total Current Liabilities	2,628	2,351	793.65	567.08	397.87	288.57
Long-Term Debt	1,977	1,974	1,287	1,283	1,436	1,147
Long-Term Leases	180.85	182.03	128.27	113.49	107.62	109.04
Long-Term Unearned Revenue	40.25	41.09	22.1	17.24	11.73	4.68
Other Long-Term Liabilities	27.97	29.34	23.63	15.54	10.53	11.55
Total Liabilities	4,854	4,577	2,255	1,997	1,964	1,561

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.36	0.35	0.34	0.34	0.33	0.32
Additional Paid-In Capital	3,028	2,651	2,153	1,785	1,475	1,495
Retained Earnings	-1,398	-1,205	-1,103	-1,024	-839.89	-680.83
Comprehensive Income & Other	-10.23	12.26	-4.25	1.98	-11.9	-2.65
Total Common Equity	1,620	1,459	1,046	763.05	623.96	811.36
Shareholders' Equity	1,620	1,459	1,046	763.05	623.96	811.36
Total Liabilities & Equity	6,474	6,036	3,301	2,760	2,588	2,372

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	3,529	3,518	1,463	1,435	1,577	1,293
Net Cash (Debt)	633.45	582.92	392.71	238.54	72.85	528.64
Net Cash Growth	27.30%	48.44%	64.63%	227.46%	-86.22%	-12.45%
Net Cash Per Share	1.80	1.67	1.15	0.71	0.22	1.69
Filing Date Shares Outstanding	356.08	351.98	345.07	337.66	330.32	324.08
Total Common Shares Outstanding	355.93	351.89	344.86	337.53	330.09	323.61
Working Capital	2,150	2,294	1,475	1,416	1,490	1,667
Book Value Per Share	4.55	4.15	3.03	2.26	1.89	2.51
Tangible Book Value	1,186	1,191	843.25	595.44	443.43	786.58
Tangible Book Value Per Share	3.33	3.38	2.45	1.76	1.34	2.43
Machinery	872.45	768.99	526.74	371.34	276.95	181.84
Construction In Progress	102.72	58.37	68.97	45.56	72.83	41.42
Leasehold Improvements	52.72	50.91	49.05	42.98	20.39	12.89

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 13, 2026

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