Cloudflare, Inc.NET

Market cap

$71.2B

P/E ratio

	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	139	109	314	204	87	148
Available-for-sale securities	498	923	1,508	1,446	1,587	1,708
Accounts receivable, net	34	63	96	149	248	317
Contract assets	2	4	6	8	11	17
Restricted Cash, Current	-	3	3	11	3	4
Prepaid expenses and other current assets	17	28	29	71	48	75
Total current assets	690	1,130	1,956	1,888	1,983	2,269
Property and equipment, net	101	124	184	287	323	467
Goodwill	4	17	24	148	148	181
Acquired intangible assets, net	0	3	1	32	20	22
Operating lease right-of-use assets	-	43	130	132	139	168
Capitalized Contract Cost, Net, Noncurrent	25	44	70	93	133	172
Restricted cash	7	7	4	0	2	2
Other noncurrent assets	4	13	3	7	13	19
Total assets	831	1,381	2,372	2,588	2,760	3,301
Accounts payable	11	14	26	36	54	106
Accrued expenses and other current liabilities	28	46	38	66	64	82
Accrued compensation	15	25	66	42	64	81
Operating lease liabilities	-	18	25	33	38	48
Deferred revenue	31	55	117	219	348	478
Total current liabilities	84	141	289	398	567	794
Convertible Debt, Noncurrent	-	383	1,147	1,436	1,283	1,287
Operating Lease, Liability, Noncurrent	-	27	109	108	113	128
Deferred revenue, noncurrent	1	2	5	12	17	22
Other noncurrent liabilities	10	10	7	11	16	24
Total liabilities	105	564	1,556	1,964	1,997	2,255
Class A common stock	0	0	0	0	0	0
Class B common stock	0	0	0	0	0	0
Additional paid-in capital	1,027	1,237	1,495	1,475	1,785	2,153
Accumulated deficit	-302	-421	-681	-840	-1,024	-1,103
Accumulated other comprehensive income (loss)	0	0	-3	-12	2	-4
Class A common stock	0	0	0	0	0	0
Class B common stock	0	0	0	0	0	0
Total stockholders’ equity	726	817	811	624	763	1,046
Total liabilities and stockholders’ equity	831	1,381	2,372	2,588	2,760	3,301