secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001477333-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudflare Q1 revenue $290.2M (+37% YoY); non-GAAP EPS $0.08, free cash flow $13.9M
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- Revenue $290.2M (+37% YoY); GAAP gross margin 75.7%, non-GAAP 77.8%.
- GAAP net loss $38.1M ($0.12 loss per share); non-GAAP net income $27.2M ($0.08 diluted EPS).
- Operating cash flow $36.4M (13% of revenue); free cash flow $13.9M (5% of revenue) vs -$64.4M in Q1 2022.
- Cash, equivalents and securities $1,715.6M as of March 31, 2023.
- CEO cites record operating profit/margin for third consecutive quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733323000041/0001477333-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733323000041/cloud-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001477333-23-000041

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