Growth and Scale in Cloud Security

Cash, Cash Equiv, & AFS ($ in millions) Strong Cash Position Raised $565 million in our IPO that priced on September 12th, 2019, net of fees and expenses Raised $495 million in our Convertible Notes Offering due 2025 that priced on May 13th, 2020, net of issuance costs and a capped call with respect to the 2025 convertible notes Raised $790 million in our Convertible Note Offering due 2026 that priced on August 10th, 2021, net of the repurchase of 2025 notes, issuance costs, and a capped call with respect to the 2026 convertible notes $2,000 $1,667 Cash Balance $1,814 $1,822 $1,333 $1,032 $1,035 $1,034 $1,000 $667 $333 $0 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 CLOUDFLARE Copyright Cloudflare, Inc. Operating Cash Flow ($ millions) Operating Cash Flow & Margin $50.0 $38.0 17% 30% 21% $40.6 20% 10% $26.0 5% 2% $23.5 -4% 0% $14.0 -7% $2.0 $2.0 ($8.8) $7.5 ($6.9) -10% ($10.0) -20% Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021

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