secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K/A
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001477333-26-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.05, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/cloud-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001477333-26-000035

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