secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001477333-24-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudflare Q2 revenue $401M (+30% YoY); non-GAAP EPS $0.20 beats $0.10 YoY
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- Revenue $401.0M, up 30% YoY; annualized revenue crossed $1.6B.
- GAAP net loss narrowed to $15.1M ($0.04/share) from $94.5M ($0.28/share) YoY.
- Non-GAAP net income $69.5M ($0.20 diluted EPS) vs $33.7M ($0.10) YoY.
- Operating cash flow $74.8M (19% of revenue); free cash flow $38.3M (10% of revenue).
- GAAP gross margin 77.8%; non-GAAP gross margin 79.0%; both improved YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733324000069/0001477333-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733324000069/cloud-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001477333-24-000069

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