secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001477333-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733324000048/0001477333-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733324000048/cloud-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001477333-24-000048

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