Cloudflare, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Cloudflare, Inc. has filed its 2023 annual report on Form 10-K, detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Cloudflare, Inc. (NET) filed a Annual Report (10-K) with the SEC on February 21, 2024. Cloudflare, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at 101 Townsend St., San Francisco, CA 94107. Cloudflare, Inc. is incorporated in Delaware. The filing includes financial data for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Cloudflare, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Cloudflare's financial health, operational performance, and strategic initiatives for the fiscal year 2023, offering insights into its growth trajectory and market position. Investors and analysts can use this report to assess Cloudflare's financial stability, evaluate its risk factors, and understand its future outlook, which is crucial for investment decisions.

Risk Assessment

Risk Level: medium — Cloudflare, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual disclosure. However, the absence of specific financial performance data within the provided header information limits a deeper risk assessment.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion and analysis, and risk factors to form a comprehensive investment thesis.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period of report)
• 2024-02-21 — Filing Date (Date filed)
• 106 — Public Document Count (Number of documents in the filing)
• 7372 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Cloudflare, Inc. (company) — Filer name
• 2023-12-31 (date) — Fiscal year end
• 101 Townsend St., San Francisco, CA 94107 (address) — Business address
• DE (state) — State of incorporation
• 2023 (date) — Fiscal year
• 2022 (date) — Fiscal year
• 2021 (date) — Fiscal year
• 1934 Act (regulation) — SEC Act

FAQ

Industry Context

Cloudflare operates in the software and IT services industry, providing a range of network security, performance, and reliability solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information to the public.

What Investors Should Do

1. Analyze the full financial statements within the 10-K for revenue, net income, and cash flow trends.
2. Examine the 'Risk Factors' section for potential challenges and uncertainties facing Cloudflare.
3. Review the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for management's perspective on performance and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-21: Filing Date — Date Cloudflare, Inc. submitted its 10-K filing.

Year-Over-Year Comparison

This is the initial header information for the 2023 10-K filing. Detailed comparative data from previous filings would be found within the full document.

From the Filing

0001477333-24-000013.txt : 20240221 0001477333-24-000013.hdr.sgml : 20240221 20240221170715 ACCESSION NUMBER: 0001477333-24-000013 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 106 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240221 DATE AS OF CHANGE: 20240221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cloudflare, Inc. CENTRAL INDEX KEY: 0001477333 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 270805829 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39039 FILM NUMBER: 24660846 BUSINESS ADDRESS: STREET 1: 101 TOWNSEND ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 888.993.5273 MAIL ADDRESS: STREET 1: 101 TOWNSEND ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: CloudFlare, Inc. DATE OF NAME CHANGE: 20091120 10-K 1 cloud-20231231.htm 10-K cloud-20231231 FALSE 0001477333 FY 2023 http://fasb.org/us-gaap/2023#AccountingStandardsUpdate201602Member P1Y0M0D 0.0052263 0.0267187 0.0285913 1 542 542 535 522 460 457 0001477333 2023-01-01 2023-12-31 0001477333 2023-06-30 iso4217:USD 0001477333 us-gaap:CommonClassAMember 2024-02-07 xbrli:shares 0001477333 us-gaap:CommonClassBMember 2024-02-07 0001477333 2023-12-31 0001477333 2022-12-31 0001477333 us-gaap:CommonClassAMember 2022-12-31 iso4217:USD xbrli:shares 0001477333 us-gaap:CommonClassAMember 2023-12-31 0001477333 us-gaap:CommonClassBMember 2023-12-31 0001477333 us-gaap:CommonClassBMember 2022-12-31 0001477333 2022-01-01 2022-12-31 0001477333 2021-01-01 2021-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2020-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2020-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001477333 us-gaap:RetainedEarningsMember 2020-12-31 0001477333 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001477333 2020-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2021-01-01 2021-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2021-01-01 2021-12-31 0001477333 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001477333 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2021-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2021-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001477333 us-gaap:RetainedEarningsMember 2021-12-31 0001477333 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001477333 2021-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2021-12-31 0001477333 us-gaap:RetainedEarningsMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2021-12-31 0001477333 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2021-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-01-01 2022-12-31 0001477333 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001477333 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001477333 us-gaap:RetainedEarningsMember 2022-12-31 0001477333 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001477333 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-01-01 2023-12-31 0001477333 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 20