For the year ending 2025-12-31, NET had $800,143K increase in cash & cash equivalents over the period. $287,497K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Revenue | 2,167,937 |
| Adjusted cost of revenue | 524,748 |
| Adjusted sales and marketing expense | 781,143 |
| Adjusted research and development expense | 337,867 |
| Adjusted general and administrative expense | 220,328 |
| Other segment items | 406,118 |
| Net loss | -102,267 |
| Depreciation and amortization expense | 189,742 |
| Non-cash operating lease costs | 66,427 |
| Amortization of deferred contract acquisition costs | 101,623 |
| Stock-based compensation expense | 451,454 |
| Amortization of debt issuance costs | 7,070 |
| Net accretion of discounts and amortization of premiums on available-for-sale securities | 29,897 |
| Deferred income taxes | 1,333 |
| Provision for bad debt | 14,989 |
| Loss on extinguishment of debt | 0 |
| Other | -38 |
| Accounts receivable, net | 80,595 |
| Contract assets | 4,507 |
| Deferred contract acquisition costs | 148,905 |
| Prepaid expenses and other current assets | 79,995 |
| Other noncurrent assets | -6,792 |
| Accounts payable | 8,864 |
| Accrued expenses and other current liabilities | 15,422 |
| Accrued compensation | 26,675 |
| Operating lease liabilities | -63,757 |
| Deferred revenue | 223,815 |
| Other noncurrent liabilities | -1,131 |
| Net cash provided by operating activities | 603,114 |
| Purchases of property and equipment | 315,617 |
| Capitalized internal-use software | 26,935 |
| Asset acquisitions and business combinations, net of cash acquired | 50,884 |
| Purchases of available-for-sale securities | 3,537,085 |
| Sales of available-for-sale securities | 0 |
| Maturities of available-for-sale securities | 2,121,993 |
| Other investing activities | -1,828 |
| Net cash used in investing activities | -1,806,700 |
| Proceeds from settlement of the 2025 capped calls | 309,616 |
| Gross proceeds from issuance of 2030 convertible senior notes | 2,000,000 |
| Purchases of capped calls related to the 2030 convertible senior notes | 283,400 |
| Cash paid for issuance costs on 2030 convertible senior notes | 29,004 |
| Repayments of convertible senior notes | 0 |
| Cash paid for issuance costs on revolving credit facility | 0 |
| Proceeds from the exercise of stock options | 33,123 |
| Proceeds from the early exercise of stock options | 0 |
| Repurchases of unvested common stock | 0 |
| Proceeds from the issuance of common stock for employee stock purchase plan | 25,435 |
| Payment of tax withholding obligation on rsu and psu settlement | 48,254 |
| Payment of indemnity holdback | 3,787 |
| Net cash provided by (used in) financing activities | 2,003,729 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 800,143 |
| Cash, cash equivalents, and restricted cash, beginning of period | 154,214 |
| Cash, cash equivalents, and restricted cash, end of period | 954,357 |
Cloudflare, Inc. (NET)
Cloudflare, Inc. (NET)