Cloudflare Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $943.5M | $147.7M | $86.9M | $204.2M | $313.8M | $108.9M | $139.0M | $25.1M |
| Accounts Receivable | $382.5M | $316.8M | $248.3M | $148.5M | $95.5M | $63.5M | $33.9M | $25.2M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $4.64B | $2.27B | $1.98B | $1.89B | $1.96B | $1.13B | $689.9M | $196.7M |
| Property, Plant & Equipment | $618.7M | $467.4M | $322.8M | $286.6M | $183.7M | $123.7M | $101.5M | $73.2M |
| Goodwill | $226.6M | $181.1M | $148.0M | $148.0M | $23.5M | $17.2M | $4.1M | $4.1M |
| Intangible Assets (Excl. Goodwill) | $41.8M | $21.9M | $19.6M | $32.5M | $1.3M | $2.8M | $31.0K | $156.0K |
| Total Assets | $6.04B | $3.30B | $2.76B | $2.59B | $2.37B | $1.38B | $830.8M | $298.4M |
| Liabilities | ||||||||
| Accounts Payable | $84.1M | $105.8M | $53.7M | $35.6M | $26.1M | $14.5M | $11.5M | $14.3M |
| Total Current Liabilities | $2.35B | $793.7M | $567.1M | $397.9M | $288.6M | $141.4M | $83.9M | $61.4M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $4.58B | $2.25B | $2.00B | $1.96B | $1.56B | $563.7M | $105.0M | $80.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-1.20B | $-1.10B | $-1.02B | $-839.9M | $-680.8M | $-420.5M | $-301.7M | $-195.9M |
| Total Stockholders' Equity | $1.46B | $1.05B | $763.0M | $624.0M | $811.4M | $816.9M | $725.8M | $-113.5M |