Cloudflare, Inc. (NET)

Cloudflare Balance Sheet

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

Fiscal Quarter	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	Q3 2020
Period Ending	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	Sep 30, 2020
Cash & Equivalents	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	111.96
Short-Term Investments	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	942.98
Cash & Short-Term Investments	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	1,055
Cash Growth	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%	62.92%
Accounts Receivable	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	50.87
Other Receivables	-	-	-	-	-	-	-	37.5	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	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	50.87
Prepaid Expenses	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	13.46
Restricted Cash	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	2.19
Other Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.92
Total Current Assets	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	1,127
Property, Plant & Equipment	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	167.1
Goodwill	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	17.17
Other Intangible Assets	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	3.5
Long-Term Deferred Charges	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	37.71
Other Long-Term Assets	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	18.37
Total Assets	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	1,371
Accounts Payable	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	17
Accrued Expenses	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	35.32
Current Portion of Long-Term Debt	-	-	-	-	-	-	-	-	35.33	-	-	-	-	-	12.12	-	-	-	-	-
Current Portion of Leases	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	17.27
Current Unearned Revenue	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	48.44
Other Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.99
Total Current Liabilities	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	131
Long-Term Debt	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	374.51
Long-Term Leases	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	29.68
Long-Term Unearned Revenue	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	1.64
Other Long-Term Liabilities	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	7.95
Total Liabilities	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	544.78
Common Stock	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	0.3
Additional Paid-In Capital	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	1,212
Retained Earnings	-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	-386.5
Comprehensive Income & Other	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	0.57
Total Common Equity	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	826.45
Shareholders' Equity	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	826.45
Total Liabilities & Equity	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	1,371
Total Debt	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	421.45
Net Cash (Debt)	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	633.48
Net Cash Growth	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%	-0.55%
Net Cash Per Share	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	2.10
Filing Date Shares Outstanding	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	307.3
Total Common Shares Outstanding	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	307.03
Working Capital	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	996.38
Book Value Per Share	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	2.69
Tangible Book Value	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	805.78
Tangible Book Value Per Share	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	2.62
Machinery	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	140.17
Construction In Progress	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	13.53
Leasehold Improvements	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	11.47

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q