---
schema_version: "secwatch.filing_event.v1"
accession: "0001477333-26-000035"
form_type: "8-K/A"
ticker: "NET"
cik: "0001477333"
company_name: "Cloudflare, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:35:40.376069+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cloudflare Q1 revenue $639.8M (+34% YoY), non-GAAP EPS $0.25; to cut ~20% of workforce

## Summary
- Revenue $639.8M (+34% YoY); non-GAAP EPS $0.25 vs $0.16 prior year; GAAP net loss $22.9M ($0.07 loss per share).
- Free cash flow $84.1M (13% of revenue) vs $52.9M (11%) prior year.
- Announced plan to cut ~20% of workforce to shift to agentic AI-first operating model.
- Estimated restructuring charges of $140M-$150M, majority in Q2 2026, completion by end of Q3 2026.
- Current RPO grew 34% YoY, a positive demand indicator.

## SEC filing metadata
- accession: 0001477333-26-000035
- form_type: 8-K/A
- ticker: NET
- cik: 0001477333
- company_name: Cloudflare, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.05, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/cloud-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477333-26-000035
- JSON: https://secwatch.observer/filing/0001477333-26-000035.json
- Plain text: https://secwatch.observer/filing/0001477333-26-000035.txt

## Source-grounded claims
- claim_id: fef0cb898b9feb3412a9c3104b8319ac27179984
  claim: Cloudflare, Inc. reported the fiscal quarter ended March 31, 2026 results: revenue $639.8 million, net income $22.9 million, EPS $0.07.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm
- claim_id: b61aac483a500777b2e996b760f87037d26c53e0
  claim: Cloudflare, Inc. announced a restructuring with charges of between $140 million and $150 million (approximately 20%).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm

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