secwatch / observer
8-K/A filed May 7, 2026, 7:59 PM ET ticker NET CIK 0001477333
earnings confidence high sentiment positive materiality 0.85

Cloudflare, Inc. (NET): restructuring charge — Cloudflare Q1 revenue $639.8M (+34% YoY), non-GAAP EPS $0.25; to cut ~20% of workforce

Cloudflare, Inc.

2026-Q1 EPS reported -$0.07 revenue$639,755,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cloudflare, Inc. reported the fiscal quarter ended March 31, 2026 results: revenue $639.8 million, net income $22.9 million, EPS $0.07.

Period
the fiscal quarter ended March 31, 2026
Revenue
$639.8 million
Net income
$22.9 million
EPS
$0.07
Result
reported results
Exact text from the filing
expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Cloudflare Announces First Quarter 2026 Financial Results • First quarter revenue totaled $639.8 million, representing an increase of 34% year-over-year • GAAP loss from operations of $62.0 million, or 10% of total revenue, and non-GAAP income from operations of $73.1 million, or
View on SEC.gov
Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Cloudflare, Inc. announced a restructuring with charges of between $140 million and $150 million (approximately 20%).

Type
restructuring
Charge
between $140 million and $150 million
Headcount
approximately 20%
Exact text from the filing
On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan
View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

Cloudflare, Inc. filing history →

Source: SEC EDGAR
accession 0001477333-26-000035
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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.