---
schema_version: "secwatch.filing_event.v1"
accession: "0001477333-22-000029"
form_type: "8-K"
ticker: "NET"
cik: "0001477333"
company_name: "Cloudflare, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:35:07.024433+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cloudflare Q1 revenue $212.2M (+54% YoY); non-GAAP operating income turns positive

## Summary
- Revenue $212.2M (+54% YoY); GAAP net loss $41.4M ($0.13 loss/share), non-GAAP net income $3.5M ($0.01 EPS).
- Record dollar-based net retention of 127%, up 400 bps YoY; added ~14,000 paying customers to total 154,109.
- Customers spending >$1M annually grew 72% YoY; GAAP operating loss narrowed to 18.9% of revenue from 22.6%.
- Non-GAAP operating income $4.9M (2.3% rev) vs. loss of $7.5M in prior year; free cash flow was negative $64.4M.
- Cash and securities $1,725.2M; management cited strong demand for single-vendor network services.

## SEC filing metadata
- accession: 0001477333-22-000029
- form_type: 8-K
- ticker: NET
- cik: 0001477333
- company_name: Cloudflare, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477333/000147733322000029/0001477333-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477333/000147733322000029/cloud-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477333-22-000029
- JSON: https://secwatch.observer/filing/0001477333-22-000029.json
- Plain text: https://secwatch.observer/filing/0001477333-22-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.