---
schema_version: "secwatch.filing_event.v1"
accession: "0001477333-24-000048"
form_type: "8-K"
ticker: "NET"
cik: "0001477333"
company_name: "Cloudflare, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:19:05.064686+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477333-24-000048
- form_type: 8-K
- ticker: NET
- cik: 0001477333
- company_name: Cloudflare, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477333/000147733324000048/0001477333-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477333/000147733324000048/cloud-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477333-24-000048
- JSON: https://secwatch.observer/filing/0001477333-24-000048.json
- Plain text: https://secwatch.observer/filing/0001477333-24-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477333/000147733324000048/0001477333-24-000048-index.htm

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