earnings
confidence high
sentiment neutral
materiality 0.75
Cloudflare Q2 revenue $696.1M (+36% YoY); GAAP net loss $170M vs $50.4M
Cloudflare, Inc.
- Revenue $696.1M, up 36% YoY; GAAP gross margin 71.8% vs 74.9% YoY.
- GAAP loss from operations $205.7M (29.6% of revenue) vs $67.3M (13.1%) YoY.
- Non-GAAP income from operations $96.1M (13.8% of revenue) vs $72.3M (14.1%) YoY.
- Non-GAAP EPS $0.29 vs $0.21; free cash flow $56.4M (8% of revenue) vs $33.3M.
- Current RPO grew 35% YoY; record customer and developer growth cited.