Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	932.23	943.54	147.69	86.86	204.18	313.78
Short-Term Investments	3,232	3,158	1,708	1,587	1,446	1,508
Cash & Short-Term Investments	4,164	4,101	1,856	1,674	1,650	1,822
Cash Growth	117.45%	120.98%	10.88%	1.44%	-9.44%	76.52%
Accounts Receivable	379.59	382.49	316.75	248.27	148.54	95.54
Other Receivables	24.16	23.53	16.57	11.04	8.29	6.08
Total Trade Receivables	403.75	406.02	333.32	259.31	156.84	101.62
Other Current Assets	148.03	137.57	79.76	50.02	81.11	32.39
Total Current Assets	4,716	4,645	2,269	1,983	1,888	1,956
Net Property, Plant & Equipment	875.25	856.34	635.8	461.37	418.96	314.05
Other Intangible Assets	38.31	41.8	21.87	19.56	32.48	1.25
Goodwill	233.49	226.56	181.09	148.05	148.05	23.53
Other Long-Term Assets	301.27	266.72	193.41	147.71	100.53	77.38
Total Assets	6,164	6,036	3,301	2,760	2,588	2,372
Accounts Payable	58.84	84.12	105.81	53.73	35.61	26.09
Accrued Expenses	229.86	220.06	162.46	127.4	110.34	103.99
Current Portion of Long-Term Debt	1,292	1,291	-	-	-	12.12
Current Portion of Leases	74.6	70.9	47.63	38.35	33.28	25.18
Unearned Revenue	755.1	684.21	477.77	347.61	218.65	116.55
Other Current Liabilities	-	-	-	-	-	4.65
Total Current Liabilities	2,411	2,351	793.65	567.08	397.87	288.57
Long-Term Debt	1,976	1,974	1,287	1,283	1,436	1,147
Long-Term Leases	182.11	182.03	128.27	113.49	107.62	109.04
Other Long-Term Liabilities	68.94	70.43	45.72	32.78	22.26	11.79
Total Long-Term Liabilities	2,227	2,227	1,461	1,430	1,566	1,268
Total Liabilities	4,637	4,577	2,255	1,997	1,964	1,556
Common Stock	0.35	0.35	0.34	0.34	0.33	0.32
Additional Paid-in Capital	2,760	2,651	2,153	1,785	1,475	1,495
Accumulated Other Comprehensive Income	-5.78	-4.25	12.26	1.98	-11.9	-2.65
Retained Earnings	-1,228	-1,205	-1,103	-1,024	-839.89	-680.83
Total Common Shareholders' Equity	1,527	1,459	1,046	763.05	623.96	811.36
Minority Interest	-	-	-	-	-	4.44
Shareholders' Equity	1,527	1,459	1,046	763.05	623.96	815.8
Total Liabilities & Equity	6,164	6,036	3,301	2,760	2,588	2,372
Total Debt	3,525	3,518	1,463	1,435	1,577	1,293
Net Cash (Debt)	639.34	582.92	392.71	238.54	72.85	528.64
Net Cash Growth	9.68%	48.44%	64.63%	227.46%	-86.22%	-12.45%
Net Cash Per Share	1.83	1.67	1.15	0.71	0.22	1.69
Book Value	1,527	1,459	1,046	763.05	623.96	811.36
Book Value Per Share	4.36	4.19	3.06	2.29	1.91	2.60
Tangible Book Value	1,255	1,191	843.25	595.44	443.43	786.58
Tangible Book Value Per Share	3.58	3.42	2.47	1.78	1.36	2.52

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q