Risk Factors Update Summary

• Net losses decreased from $260.3 million in 2021 to $183.9 million in 2023.
• Experienced a route leak and network outages in the past five years, impacting customers.
• Revenue increased significantly from $656.4 million in 2021 to $1,296.7 million in 2023.
• Developed new technology to mitigate largest-scale DDoS attacks, improving network security.
• Accumulated deficit increased from $839 million to $1,023 million as of December 31, 2023.
• Issued $1,293.8 million in aggregate principal amount of the 2026 Notes.
• Interest rates may be raised or maintained at high levels, impacting growth rates.
• New SEC requirement to file current reports on material cybersecurity incidents added.
• Sales cycle lengthened for new customers, potentially impacting revenue growth.
• Slowdown in revenue growth due to lengthening sales cycles and increased customer concessions.
• Change in location to greater Portland, Oregon area noted.
• Increased focus on security measures due to potential security threats and breaches.
• Shift from "continuing" to "continue" in remote work statement.