---
schema_version: "secwatch.filing_event.v1"
accession: "0001477333-25-000081"
form_type: "8-K"
ticker: "NET"
cik: "0001477333"
company_name: "Cloudflare, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:57:39.699871+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cloudflare Q1 revenue $479.1M (+27% YoY); largest contract >$100M

## Summary
- Revenue $479.1M, up 27% YoY; GAAP gross margin 75.9% (down from 77.5%).
- GAAP loss from operations $53.2M (11.1% of revenue), improved from $54.6M.
- Non-GAAP income from operations $56.0M (11.7% of revenue), up from $42.4M.
- GAAP net loss per share $0.11; non-GAAP net income per diluted share $0.16.
- Free cash flow $52.9M (11% of revenue), up from $35.6M; closed largest contract in history >$100M.

## SEC filing metadata
- accession: 0001477333-25-000081
- form_type: 8-K
- ticker: NET
- cik: 0001477333
- company_name: Cloudflare, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477333/000147733325000081/0001477333-25-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477333/000147733325000081/cloud-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477333-25-000081
- JSON: https://secwatch.observer/filing/0001477333-25-000081.json
- Plain text: https://secwatch.observer/filing/0001477333-25-000081.txt

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