secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001477333-26-000033
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudflare Q1 revenue $639.8M +34% YoY; announces 20% workforce reduction
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- Q1 revenue $639.8M (+34% YoY); GAAP net loss $22.9M ($0.07 loss/share); non-GAAP net income $94.0M ($0.25 diluted EPS).
- Non-GAAP income from operations $73.1M (11.4% margin); free cash flow $84.1M (13% of revenue).
- Workforce reduction of ~20% as part of shift to agentic AI-first operating model; estimated charges $140-150M.
- Majority of restructuring charges expected in Q2 2026; execution substantially complete by end of Q3 2026.
- Cash and marketable securities $4.16B as of March 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733326000033/0001477333-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733326000033/cloud-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001477333-26-000033

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