---
schema_version: "secwatch.filing_event.v1"
accession: "0001477333-25-000136"
form_type: "8-K"
ticker: "NET"
cik: "0001477333"
company_name: "Cloudflare, Inc."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:16:52.915055+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cloudflare Q2 revenue $512.3M (+28% YoY); annualized run rate tops $2B

## Summary
- Total revenue $512.3M, up 28% YoY; annualized revenue exceeded $2B.
- GAAP net loss $50.4M ($0.15 per share) vs $15.1M loss YoY; non-GAAP net income $75.1M ($0.21 per diluted share).
- GAAP operating loss $67.3M (13.1% of revenue) vs $34.7M loss YoY; non-GAAP operating income $72.3M (14.1% of revenue).
- Current RPO grew 33% YoY; RPO grew 39% YoY. CEO cites highest large customer investment levels since 2022.
- Operating cash flow $99.8M, up from $74.8M YoY; free cash flow $33.3M (6% of revenue) vs $38.3M (10% of revenue) YoY.

## SEC filing metadata
- accession: 0001477333-25-000136
- form_type: 8-K
- ticker: NET
- cik: 0001477333
- company_name: Cloudflare, Inc.
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477333/000147733325000136/0001477333-25-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477333/000147733325000136/cloud-20250731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477333-25-000136
- JSON: https://secwatch.observer/filing/0001477333-25-000136.json
- Plain text: https://secwatch.observer/filing/0001477333-25-000136.txt

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