Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

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

Fiscal Quarter	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	Q4 2020
Period Ending	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	Dec 31, 2020
Cash & Equivalents	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	108.9
Short-Term Investments	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	923.2
Cash & Short-Term Investments	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	1,032
Cash Growth	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%	71.94%	-3.63%	74.99%	61.33%
Accounts Receivable	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	67.04
Other Receivables	-	-	-	-	-	-	-	-	37.5	-	-	-	-	-	-	-	-	-	-	-
Receivables	374.54	328.78	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
Prepaid Expenses	114.35	112.96	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
Restricted Cash	4.37	4.37	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
Total Current Assets	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	1,130
Property, Plant & Equipment	809.68	731.88	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
Goodwill	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	17.17
Other Intangible Assets	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	2.8
Long-Term Deferred Charges	194.04	183.92	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
Other Long-Term Assets	46.42	37.54	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
Total Assets	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	1,381
Accounts Payable	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	14.49
Accrued Expenses	182.72	158.4	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
Current Portion of Long-Term Debt	1,290	-	-	-	-	-	-	-	-	35.33	-	-	-	-	-	12.12	-	-	-	-
Current Portion of Leases	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	17.72
Current Unearned Revenue	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	54.95
Total Current Liabilities	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	141.38
Long-Term Debt	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	383.28
Long-Term Leases	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	27.31
Long-Term Unearned Revenue	45.9	35.81	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
Other Long-Term Liabilities	24.16	23.94	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
Total Liabilities	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	1,561	1,462	644.84	601.49	563.71
Common Stock	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	0.3
Additional Paid-In Capital	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	1,237
Retained Earnings	-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	-420.52
Comprehensive Income & Other	14.3	16.63	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
Total Common Equity	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	816.94
Shareholders' Equity	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	816.94
Total Liabilities & Equity	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	1,381
Total Debt	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	428.3
Net Cash (Debt)	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	603.8
Net Cash Growth	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%	-10.65%	-11.12%	10.83%	-4.04%
Net Cash Per Share	1.55	1.43	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
Filing Date Shares Outstanding	350.28	348.48	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
Total Common Shares Outstanding	350.2	348.42	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
Working Capital	2,314	3,548	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
Book Value Per Share	3.85	3.56	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
Tangible Book Value	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	796.97
Tangible Book Value Per Share	3.28	2.97	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
Machinery	720.13	664.62	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
Construction In Progress	69.86	63.77	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
Leasehold Improvements	50.5	49.66	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

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q