earnings
confidence high
sentiment positive
materiality 0.70
Cloudflare Q2 revenue up 54% to $234.5M; record 212 large customer additions
Cloudflare, Inc.
2022-Q2 EPS reported
-$0.32
revenue$446,684,000
- Revenue $234.5M (+54% YoY); GAAP gross margin 76.2%; non-GAAP gross margin 78.9%.
- Added record 212 large customers, total large customers now 1,749 (60% of revenue).
- GAAP net loss $63.5M ($0.20 loss per share) vs $35.5M loss year ago; non-GAAP net income $0.3M.
- Operating cash flow $38.3M (16% of revenue); free cash flow negative $4.4M (-2% of revenue).
- Cash and securities $1,641.8M as of June 30, 2022.