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Cloudflare, Inc.197.53
+0.83+0.42%
Dec 16, 4:01:06 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
69.19BP/E (TTM)
-Basic EPS (TTM)
-0.30Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q2 FY2025 results
Cloudflare's Q2 revenue surged 28% year-over-year to $512.3M, with gross margin dipping to 75% from 78% amid higher network costs, while operating loss widened to $67.3M from $34.7M due to 31% R&D and 39% G&A growth from headcount adds. YTD revenue climbed 27% to $991.4M, with operating loss at $120.5M versus $89.2M last year; diluted EPS fell to $(0.15) from $(0.04), reconciling to 347.5M shares. Cash from operations hit $245.6M YTD, yielding $86.1M free cash flow after $159.4M capex (derived), bolstering liquidity to $1.5B cash plus $2.4B investments, offset by $3.3B convertible notes due 2026/2030 at 0% interest. The June 2025 $2B notes issuance funded capped calls and growth, with $400M revolver untapped. Yet competition intensifies from bundled cloud giants.
8-K
Cloudflare Q2 revenue surges 28%
Cloudflare reported Q2 2025 revenue of $512.3 million, up 28% year-over-year, surpassing $2 billion in annualized revenue while reaccelerating growth. GAAP operating loss widened to $67.3 million amid rising expenses, yet non-GAAP income from operations hit $72.3 million. Demand surges from large customers fuel bigger deals. Q3 revenue guidance: $543.5–$544.5 million. Forward-looking results may differ due to macroeconomic risks.
8-K
Cloudflare issues $2B convertible notes
Cloudflare issued $2.0 billion in 0% convertible senior notes due 2030 on June 17, 2025, netting $1.971 billion after fees, with $283.4 million allocated to capped call transactions that cap dilution at a $469.73 share price. The notes convert at $247.67 per share, a 45% premium to the June 12 closing price of $170.81, maturing June 15, 2030, with no early redemption before June 20, 2028. Proceeds fund general corporate needs like acquisitions. Yet leverage eases via credit agreement tweaks.
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