Growth and Market Expansion 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 Notes Offering that priced on May 13th, 2020 Cash Balance $1,200 $1,069 $1,051 $1,032 $1,035 $1,034 $1,000 $800 $600 $400 $200 III $0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 CLOUDFLARE Copyright Cloudflare, Inc. Operating Cash Flow ($ millions) Operating Cash Flow & Margin 20% $30.0 17% $23.5 12% $18.0 5% 4% 4% $6.0 2% $7.5 $4.0 $2.0 ($6.0) ($14.3) ($18.0) -16% ($8.8) -4% -7% -12% ($30.0) -20% Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021

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