Cloudflare Long-Term Financials and Business Strategy

Cash, Cash Equiv, & AFS ($ in millions) Strong Cash Position Raised $565 million, net of fees and expenses, in our IPO that priced on September 12th, 2019 Raised $562 million, net of fees and expenses, in our Convertible Note that priced on May 13th, 2020 $1,200 $1,000 Cash Balance $800 $645 $637 $588 $600 $400 $200 $1,069 $1,041 $0 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 CLOUDFLARE Copyright Cloudflare, Inc. Operating Cash Flow ($ millions) $0.0 Operating Cash Flow & Margin ($6.0) ($8.6) ($12.0) -10:2% ($14.3) ($17.8) ($18.0) -15.6% 10.0% $4.0 $2.0 4.0% 1.7% 2.0% -6.0% -14.0% ($24.0) -22.0% -24.1% ($30.0) -30.0% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 26

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