secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001477333-25-000136
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733325000136/0001477333-25-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733325000136/cloud-20250731.htm
  HTML page:      https://secwatch.observer/filing/0001477333-25-000136

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