Cloudflare Q3 revenue $335.6M (+32% YoY); non-GAAP EPS $0.16, beats estimates

Cloudflare, Inc.

2023-Q3 EPS reported -$0.47 revenue$934,272,000

GAAP net loss $23.5M ($0.07 loss/share) vs $42.5M loss a year ago; non-GAAP net income $55.3M ($0.16 diluted EPS).
Non-GAAP operating income $42.5M (12.7% of revenue) vs $14.8M (5.8%) in Q3 2022; record fifth consecutive quarter.
Operating cash flow $68.1M (20% of revenue); free cash flow $34.9M (10% of revenue), up from negative $4.6M a year ago.
Workers AI platform announced; expects inference-optimized GPUs in nearly all locations by end of 2024.
Cash and securities $1,574.3M as of Sept 30, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cloudflare, Inc. reported the fiscal quarter ended September 30, 2023 results: revenue $335.6 million, net income GAAP net loss was $23.5 million, EPS GAAP net loss per basic and diluted share was $0.07.

Period: the fiscal quarter ended September 30, 2023
Revenue: $335.6 million
Net income: GAAP net loss was $23.5 million
EPS: GAAP net loss per basic and diluted share was $0.07
Result: reported results

Exact text from the filing

expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Cloudflare Announces Third Quarter 2023 Financial Results • Third quarter revenue totaled $335.6 million, representing an increase of 32% year-over-year • GAAP loss from operations of $39.2 million, or 12% of revenue, and non-GAAP income from operations of $42.5 million, or 13% of

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Source: SEC EDGAR

accession 0001477333-23-000062

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