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Cloudflare, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Cloudflare, Inc. holds $6.2B in total assets. Shareholders' equity is $1.5B against $256.7M in total debt. Cash and equivalents total $944.4M. The current ratio is 1.96 and debt-to-equity is 0.168. Based on the Q1 2026 filing.

Total Assets$6.2BTotal Stockholders Equity$1.5BCash And Equivalents$944.4MTotal Current Assets$4.7BTotal Current Liabilities$2.4B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$76.4B
ROE-5.88%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$105.8M$93.8M$95.7M$85.9M$84.1M$58.8M
Accrued Manufacturing Costs$80.9M$76.5M$77.9M$90.2M$111.0M$103.4M
Accrued Progress Collections and Price Adjustments$22.1M$27.6M$35.8M$45.9M$41.1M$39.9M
Accrued expenses and other current liabilities$81.6M$89.6M$80.5M$92.5M$109.1M$126.5M
Debt, current$0.0——$1.3B$1.3B$1.3B
Compensation and benefits$80.9M$76.5M$77.9M$90.2M$111.0M$103.4M
Deferred revenue$477.8M$508.1M$546.7M$599.0M$684.2M$755.1M
Operating Lease Liability Payments - 2024 (Lessee)—$48.0M$54.1M$61.4M—$48.7M
Operating Lease Liability Payments - 2025 (Lessee)—$16.6M$21.0M$27.0M—$25.7M
Operating lease liabilities, current$47.6M$53.1M$56.8M$65.3M$70.9M$74.6M
Total current liabilities$793.7M$821.0M$857.6M$2.2B$2.4B$2.4B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$316.8M$286.3M$307.5M$351.9M$382.5M$379.6M
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$1.1B$1.1B$1.5B$1.9B$2.0B$2.2B
Allowance for Doubtful Accounts$8.2M$8.3M$7.3M$8.0M$7.1M$6.4M
Cash and cash equivalents$154.2M$211.1M$1.5B$1.1B$954.4M$944.4M
Contract assets$16.6M$16.0M$21.3M$22.6M$23.5M$24.2M
Available For Sale Securities Debt Securities Current$1.7B$1.7B$2.4B$3.0B$3.2B$3.2B
Prepaid expenses and other current assets$75.5M$402.7M$113.0M$114.3M$128.2M$137.1M
Restricted cash$4.3M$4.4M$4.4M$4.4M$9.4M$11.0M
Short-term investments$1.7B$1.7B$2.4B$3.0B$3.2B$3.2B
Total current assets$2.3B$2.6B$4.4B$4.5B$4.6B$4.7B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.2B$2.6B$2.4B$2.5B$2.7B$2.8B
Accumulated other comprehensive income (loss)-$4.3M$3.7M$16.6M$14.3M$12.3M-$5.8M
AOCI - Available-for-Sale Securities, Net of Tax$2.6M$3.5M$3.5M$6.0M$7.0M-$2.3M
Retained earnings-$1.1B-$1.1B-$1.2B-$1.2B-$1.2B-$1.2B
Total liabilities and stockholders' equity$3.3B$3.7B$5.6B$5.8B$6.0B$6.2B
Total stockholders' equity$1.0B$1.4B$1.2B$1.3B$1.5B$1.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$22.1M$27.6M$35.8M$45.9M$41.1M$39.9M
Operating Lease Liability Payments - 2026 (Lessee)—$26.5M$32.7M$39.4M—$35.7M
Operating Lease Liability Payments - 2027 (Lessee)—$26.5M$32.7M$39.4M—$35.7M
Operating Lease Liability Payments - 2028 (Lessee)—$16.6M$21.0M$27.0M—$25.7M
Deferred revenue, net of current portion$22.1M$27.6M$35.8M$45.9M$41.1M$39.9M
Operating lease liabilities, non-current$128.3M$134.5M$144.8M$173.4M$182.0M$182.1M
Operating Lease Liabilities (Total)$175.9M$187.6M$201.6M$238.8M$252.9M$256.7M
Other non-current liabilities$23.6M$24.0M$23.9M$24.2M$29.3M$29.1M
Total liabilities$2.3B$2.3B$4.3B$4.4B$4.6B$4.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$747.7M$828.1M$900.6M$975.6M$998.1M$1.1B
Advance on payments to acquire property, plant, and equipment—————$10.0M
Allowance for doubtful accounts$8.2M$8.3M$7.3M$8.0M$7.1M$6.4M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$1.1B$1.1B$1.5B$1.9B$2.0B$2.2B
Cash And Cash Equivalents And Debt Securities, Available-For-Sale, Accumulated Gross Unrealized Loss, Before Tax$1.0M$391.0K$351.0K$229.0K$136.0K$4.1M
Cash And Cash Equivalents And Debt Securities, Available-For-Sale$1.9B$1.9B$4.0B$4.1B$4.1B$4.2B
Cash And Cash Equivalents And Debt Securities, Available-For-Sale, Amortized Cost$1.9B$1.9B$4.0B$4.0B$4.1B$4.2B
Cash And Cash Equivalents And Debt Securities, Available-For-Sale, Accumulated Gross Unrealized Gain, Before Tax$3.6M$3.9M$3.9M$6.3M$7.2M$1.7M
Common stock, capital shares reserved for future issuance116.9M136M145.8M144M142.3M161.9M
Convertible debentures$1.3B$1.3B$3.3B$2.0B$2.0B$2.0B
Amortized cost of available-for-sale investments with maturities greater than one year$565.8M$623.2M$945.2M$1.1B$1.2B$1.0B
Thereafter—$2.7M$2.7M$2.7M—$1.9M
Finite-Lived Intangible Assets, Accumulated Amortization$11.9M$15.1M$18.9M$22.6M$26.9M$34.1M
2028—$1.9M$2.1M$2.1M—$1.9M
2030—$1.9M$1.9M$1.9M—$809.0K
Remainder of 2026—$9.7M$6.8M$3.1M—$17.4M
2027—$5.8M$6.7M$6.7M—$14.5M
2029—$1.9M$1.9M$1.9M—$1.9M
Gross Carrying Amount$33.7M$39.0M$41.0M$41.0M$68.7M$72.4M
Lessee Operating Lease Liability Payments Due—$205.9M$220.0M$266.8M—$284.9M
Thereafter—$15.7M$19.0M$48.2M—$37.5M
Lessee Operating Lease Liability Undiscounted Excess Amount—$18.3M$18.4M$28.0M—$28.2M
Operating Lease Weighted Average Discount Rate Percent—4.8%4.6%4.8%—4.7%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$1.9B$2.0B$2.1B—$2.5B
RPO percentage—66.0%66.0%64.0%—64.0%
Unrecorded Unconditional Purchase Obligation—$51.8M$83.7M$75.0M—$55.0M
Remainder of Fiscal Year 2024—$46.6M$33.9M$22.9M—$64.8M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$18.9M$23.2M$34.2M$43.1M$45.8M$74.6M
Goodwill$181.1M$181.1M$181.1M$181.1M$226.6M$233.5M
Net Investment in Lease$168.4M$178.1M$185.4M$222.1M$237.6M$244.2M
Deferred costs$172.2M$174.5M$183.9M$194.0M$219.5M$225.5M
Intangible assets — net$21.9M$23.9M$22.1M$18.4M$41.8M$38.3M
Operating lease right-of-use assets$168.4M$178.1M$185.4M$222.1M$237.6M$244.2M
Other non-current assets$18.9M$23.2M$34.2M$43.1M$45.8M$74.6M
Property, plant and equipment at cost$747.7M$828.1M$900.6M$975.6M$998.1M$1.1B
Operating Lease Right-of-Use Assets in Other Assets$168.4M$178.1M$185.4M$222.1M$237.6M$244.2M
Accumulated depreciation$280.3M$314.3M$353.3M$387.3M$379.4M$426.2M
Property and equipment, net$467.4M$513.9M$547.3M$588.4M$618.7M$631.1M
Software and Technology Licenses, Net$18.9M$23.2M$34.2M$43.1M$45.8M$74.6M
Total assets$3.3B$3.7B$5.6B$5.8B$6.0B$6.2B