Cloudflare Q1 revenue $378.6M (+30% YoY); non-GAAP EPS $0.16

Cloudflare, Inc.

2024-Q1 EPS reported -$0.10 revenue$378,602,000

GAAP net loss $35.5M ($0.10/sh) vs $38.1M ($0.12/sh) a year ago; non-GAAP net income $58.2M ($0.16 diluted EPS) vs $27.2M ($0.08).
Record net-new customers spending >$100k, $500k, $1M annualized; sales productivity improved double-digit YoY.
Operating cash flow $73.6M (19% of revenue); free cash flow $35.6M (9% of revenue), up from $13.9M (5%) YoY.
Non-GAAP gross margin 79.5% vs 77.8% YoY; non-GAAP operating margin 11.2% vs 6.7% YoY.

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 March 31, 2024 results: revenue $378.6 million, net income GAAP net loss was $35.5 million, compared to $38.1 million in the first quarter of 2023. GAAP net loss per basic and dil, EPS $0.10.

Period: the fiscal quarter ended March 31, 2024
Revenue: $378.6 million
Net income: GAAP net loss was $35.5 million, compared to $38.1 million in the first quarter of 2023. GAAP net loss per basic and dil
EPS: $0.10
Result: reported results

Exact text from the filing

loudflare Announces First Quarter 2024 Financial Results • First quarter revenue totaled $378.6 million, representing an increase of 30% year-over-year • GAAP loss from operations of $54.6 million, or 14% of revenue, and non-GAAP income from operations of $42.4 million, or 11% of revenue • Operating cash flow of $73.6 million, or 19% of revenue, and free cash flow of $35.6 million, or 9% of revenue San Francisco, CA, May 2, 2024 — Cloudflare, Inc.

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Source: SEC EDGAR

accession 0001477333-24-000048

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