earnings
confidence high
sentiment positive
materiality 0.75
Cloudflare Q3 revenue $172.3M (+51% YoY); non-GAAP net income positive for first time
Cloudflare, Inc.
2021-Q3 EPS reported
-$0.59
revenue$462,830,000
- Revenue $172.3M, up 51% YoY; GAAP net loss $107.3M ($0.34 loss per share) vs $26.5M loss year ago.
- Non-GAAP net income $1.4M ($0.00 diluted EPS), achieving profitability milestone a year ahead of schedule.
- Added record ~170 large customers, total 1,260 (+71% YoY); large customer growth strong.
- Non-GAAP gross margin 79.2%; free cash flow negative $39.7M (-23% of revenue) vs -$17.9M year ago.
- Cash, cash equivalents and securities $1,813.9M; no explicit forward guidance provided.