For the quarter ending 2026-03-31, NET had -$9,944K decrease in cash & cash equivalents over the period. $93,099K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 639,755 | 614,507 | 562,027 | - |
| Adjusted cost of revenue | 174,053 | 154,328 | 138,948 | - |
| Adjusted sales and marketing expense | 227,526 | 214,441 | 201,160 | - |
| Adjusted research and development expense | 101,471 | 94,940 | 82,506 | - |
| Adjusted general and administrative expense | 63,608 | 61,201 | 53,475 | - |
| Other segment items | 96,024 | 101,674 | 87,228 | - |
| Net loss | -22,927 | -12,077 | -1,290 | -88,900 |
| Depreciation and amortization expense | 57,814 | 52,586 | 49,468 | 87,688 |
| Non-cash operating lease costs | 20,266 | 19,245 | 17,310 | 29,872 |
| Amortization of deferred contract acquisition costs | 30,980 | 27,923 | 26,404 | 47,296 |
| Stock-based compensation expense | 114,241 | 123,625 | 109,917 | 217,912 |
| Amortization of debt issuance costs | 2,426 | 2,440 | 2,441 | 2,189 |
| Net accretion of discounts and amortization of premiums on available-for-sale securities | 7,360 | 8,353 | 9,557 | 11,987 |
| Deferred income taxes | -800 | 1,813 | 0 | -480 |
| Provision for bad debt | 1,501 | 2,211 | 4,963 | 7,815 |
| Loss on extinguishment of debt | - | 0 | - | - |
| Other | -4,483 | -3,112 | -153 | 3,227 |
| Accounts receivable, net | -1,401 | 32,680 | 49,346 | -1,431 |
| Contract assets | 631 | -1,570 | 1,370 | 4,707 |
| Deferred contract acquisition costs | 36,962 | 53,387 | 36,520 | 58,998 |
| Prepaid expenses and other current assets | 34,518 | 17,717 | 15,939 | 46,339 |
| Other noncurrent assets | -6,393 | -2,350 | -130 | -4,312 |
| Accounts payable | -17,298 | 13,193 | -4,082 | -247 |
| Accrued expenses and other current liabilities | 9,506 | -2,188 | 16,852 | 758 |
| Accrued compensation | -7,610 | 17,328 | 12,261 | -2,914 |
| Operating lease liabilities | -23,004 | -21,827 | -16,957 | -24,973 |
| Deferred revenue | 69,676 | 78,797 | 62,375 | 82,643 |
| Other noncurrent liabilities | -281 | -1,329 | 216 | -18 |
| Net cash provided by operating activities | 158,330 | 190,411 | 167,123 | 245,580 |
| Purchases of property and equipment | 65,231 | 85,190 | 84,641 | 145,786 |
| Capitalized internal-use software | 9,025 | 5,777 | 7,511 | 13,647 |
| Asset acquisitions and business combinations, net of cash acquired | 9,134 | 44,422 | 0 | 6,462 |
| Purchases of available-for-sale securities | 769,117 | 950,516 | 1,055,794 | 1,530,775 |
| Sales of available-for-sale securities | - | 0 | - | - |
| Maturities of available-for-sale securities | 693,152 | 793,037 | 518,131 | 810,825 |
| Proceeds from the early exercise of stock options | - | 0 | 0 | 0 |
| Other investing activities | -549 | -1,149 | -297 | -382 |
| Repurchases of unvested common stock | - | 0 | - | - |
| Net cash used in investing activities | -158,806 | -291,719 | -629,518 | -885,463 |
| Proceeds from the issuance of common stock for employee stock purchase plan | - | 12,378 | 0 | 13,057 |
| Proceeds from settlement of the 2025 capped calls | - | 0 | 0 | 309,616 |
| Gross proceeds from issuance of 2030 convertible senior notes | - | 0 | 0 | 2,000,000 |
| Purchases of capped calls related to the 2030 convertible senior notes | - | 0 | 0 | 283,400 |
| Cash paid for issuance costs on 2030 convertible senior notes | - | 15 | 1,116 | 27,873 |
| Repayments of convertible senior notes | - | 0 | - | - |
| Cash paid for issuance costs on revolving credit facility | - | 0 | 0 | 0 |
| Proceeds from the exercise of stock options | 5,703 | 3,668 | 11,513 | 17,942 |
| Payment of tax withholding obligation on rsu and psu settlement | 15,071 | 16,071 | 13,966 | 18,217 |
| Payment of indemnity holdback | 100 | 3,787 | - | - |
| Net cash provided by (used in) financing activities | -9,468 | -3,827 | -3,569 | 2,011,125 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -9,944 | -105,135 | -465,964 | 1,371,242 |
| Cash, cash equivalents, and restricted cash, beginning of period | 954,357 | 1,059,492 | 154,214 | - |
| Cash, cash equivalents, and restricted cash, end of period | 944,413 | 954,357 | 1,059,492 | - |
Cloudflare, Inc. (NET)
Cloudflare, Inc. (NET)