Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

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

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	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
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	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
Cash & Equivalents	943.54	1,053	1,519	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
Short-Term Investments	3,158	2,991	2,441	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
Cash & Short-Term Investments	4,101	4,044	3,960	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
Cash Growth	120.98%	121.70%	125.32%	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%	72.54%	-3.33%	76.10%
Accounts Receivable	382.49	351.89	307.51	286.32	316.75	252.93	250.21	213.18	248.27	199.47	177.92	179.75	148.54	126.87	122.11	125.35	95.54	84.71	75.85	71.24
Other Receivables	23.53	22.65	21.28	15.99	16.57	13.46	12.92	11.59	11.04	11.69	8.67	8.02	8.29	7.21	7.2	6.33	6.08	5.05	5.25	3.66
Total Trade Receivables	406.02	374.54	328.78	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
Other Current Assets	137.57	118.72	117.33	407.11	79.76	73.65	72.49	75.2	50.02	72.54	46.85	51.04	81.11	45.45	42.86	37.89	32.39	26.95	31.31	29.74
Total Current Assets	4,645	4,537	4,406	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
Net Property, Plant & Equipment	856.34	810.51	732.7	691.96	635.8	548.07	480.99	471.24	461.37	436.22	423.3	429.1	418.96	397.09	376.73	341.3	314.05	277.82	201.18	177.54
Other Intangible Assets	41.8	18.41	22.11	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
Goodwill	226.56	181.09	181.09	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
Other Long-Term Assets	266.72	239.62	220.63	200.03	193.41	174.36	164.84	151.87	147.71	129.82	121.09	108.43	100.53	91.24	86.34	85.51	77.38	89.25	80.24	68.85
Total Assets	6,036	5,786	5,562	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
Accounts Payable	84.12	85.88	95.68	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
Accrued Expenses	220.06	182.72	158.4	166.07	162.46	134.68	124.73	130.71	127.4	107.88	101.37	115.04	110.34	97.64	89.82	80.87	103.99	71.03	64.58	55.75
Current Portion of Long-Term Debt	1,291	1,290	-	-	-	-	-	-	-	-	35.33	-	-	-	-	-	12.12	-	-	-
Current Portion of Leases	70.9	65.32	56.81	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
Unearned Revenue	684.21	598.98	546.7	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
Other Current Liabilities	-	-	-	-	-	-	-	-	-	0.13	0.69	1.31	-	2.49	3.15	3.87	4.65	5.51	6.48	7.52
Total Current Liabilities	2,351	2,223	857.59	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
Long-Term Debt	1,974	1,973	3,261	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
Long-Term Leases	182.03	173.43	144.8	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
Other Long-Term Liabilities	70.43	70.06	59.74	51.54	45.72	40.34	41.31	32.98	32.78	28.83	29.88	24.31	22.26	18.29	15.94	14.53	11.79	10.99	16	15.47
Total Long-Term Liabilities	2,227	2,216	3,465	1,474	1,461	1,448	1,439	1,430	1,430	1,413	1,418	1,570	1,566	1,557	1,555	1,562	1,268	1,235	444.36	433.34
Total Liabilities	4,577	4,439	4,323	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	1,556	1,462	644.84	601.49
Common Stock	0.35	0.35	0.35	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
Additional Paid-in Capital	2,651	2,525	2,414	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
Accumulated Other Comprehensive Income	-4.25	14.3	16.63	3.65	12.26	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
Retained Earnings	-1,205	-1,193	-1,192	-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
Total Common Shareholders' Equity	1,459	1,347	1,240	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
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.44	-	-	-
Shareholders' Equity	1,459	1,347	1,240	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	815.8	853.15	801.1	804.04
Total Liabilities & Equity	6,036	5,786	5,562	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
Total Debt	3,518	3,502	3,462	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
Net Cash (Debt)	582.92	541.76	497.61	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
Net Cash Growth	48.44%	45.20%	56.08%	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%	-10.14%	-10.67%	11.60%
Net Cash Per Share	1.66	1.55	1.43	1.27	1.14	1.09	0.94	0.83	0.71	0.46	0.38	0.41	0.21	0.21	0.23	0.47	1.65	1.80	1.90	1.96
Book Value	1,459	1,347	1,240	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
Book Value Per Share	4.16	3.86	3.57	4.12	3.04	2.84	2.59	2.35	2.27	2.09	1.93	1.98	1.83	1.82	1.79	1.59	2.53	2.71	2.60	2.63
Tangible Book Value	1,191	1,148	1,037	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
Tangible Book Value Per Share	3.39	3.29	2.98	3.53	2.45	2.33	2.07	1.88	1.77	1.59	1.42	1.44	1.30	1.25	1.20	1.49	2.46	2.66	2.54	2.57

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q