For the quarter ending 2025-09-30, NET had -$465,964K decrease in cash & cash equivalents over the period. $82,482K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Revenue | 562,027 | - |
| Adjusted cost of revenue | 138,948 | - |
| Adjusted sales and marketing expense | 201,160 | - |
| Adjusted research and development expense | 82,506 | - |
| Adjusted general and administrative expense | 53,475 | - |
| Other segment items | 87,228 | - |
| Net loss | -1,290 | -88,900 |
| Depreciation and amortization expense | 49,468 | 87,688 |
| Non-cash operating lease costs | 17,310 | 29,872 |
| Amortization of deferred contract acquisition costs | 26,404 | 47,296 |
| Stock-based compensation expense | 109,917 | 217,912 |
| Amortization of debt issuance costs | 2,441 | 2,189 |
| Net accretion of discounts and amortization of premiums on available-for-sale securities | 9,557 | 11,987 |
| Deferred income taxes | 0 | -480 |
| Provision for bad debt | 4,963 | 7,815 |
| Other | -153 | 3,227 |
| Accounts receivable, net | 49,346 | -1,431 |
| Contract assets | 1,370 | 4,707 |
| Deferred contract acquisition costs | 36,520 | 58,998 |
| Prepaid expenses and other current assets | 15,939 | 46,339 |
| Other noncurrent assets | -130 | -4,312 |
| Accounts payable | -4,082 | -247 |
| Accrued expenses and other current liabilities | 16,852 | 758 |
| Accrued compensation | 12,261 | -2,914 |
| Operating lease liabilities | -16,957 | -24,973 |
| Deferred revenue | 62,375 | 82,643 |
| Other noncurrent liabilities | 216 | -18 |
| Net cash provided by operating activities | 167,123 | 245,580 |
| Purchases of property and equipment | 84,641 | 145,786 |
| Capitalized internal-use software | 7,511 | 13,647 |
| Asset acquisitions and business combinations, net of cash acquired | 0 | 6,462 |
| Purchases of available-for-sale securities | 1,055,794 | 1,530,775 |
| Maturities of available-for-sale securities | 518,131 | 810,825 |
| Other investing activities | -297 | -382 |
| Net cash used in investing activities | -629,518 | -885,463 |
| Proceeds from settlement of the 2025 capped calls | 0 | 309,616 |
| Gross proceeds from issuance of 2030 convertible senior notes | 0 | 2,000,000 |
| Purchases of capped calls related to the 2030 convertible senior notes | 0 | 283,400 |
| Cash paid for issuance costs on 2030 convertible senior notes | 1,116 | 27,873 |
| Cash paid for issuance costs on revolving credit facility | 0 | 0 |
| Proceeds from the exercise of stock options | 11,513 | 17,942 |
| Proceeds from the early exercise of stock options | 0 | 0 |
| Proceeds from the issuance of common stock for employee stock purchase plan | 0 | 13,057 |
| Payment of tax withholding obligation on rsu settlement | 13,966 | 18,217 |
| Net cash provided by financing activities | -3,569 | 2,011,125 |
| Net increase in cash, cash equivalents, and restricted cash | -465,964 | 1,371,242 |
| Cash and cash equivalents at beginning of period | 154,214 | - |
| Cash and cash equivalents at end of period | 1,059,492 | - |
Cloudflare, Inc. (NET)
Cloudflare, Inc. (NET)