secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001477333-21-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudflare Q3 revenue $172.3M (+51% YoY); non-GAAP net income positive for first time
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733321000042/0001477333-21-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733321000042/cloud-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001477333-21-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer