Cloudflare Reports Q1 GAAP Loss of $0.07 EPS, Revenue Up 33.5% to $639.76M
NET sits 76% above its 52-week low of $120.55 on elevated volume (1.9× avg).
Summary
Cloudflare, Inc. has filed its 10-Q for the first quarter of 2026, reporting a GAAP diluted loss per share of ($0.07) on revenue of $639.76 million, a 33.5% increase year-over-year. This official filing provides the detailed GAAP financial results, which present a different picture than the adjusted earnings per share of $0.25 reported yesterday. While revenue growth remains robust, the GAAP loss of $0.07 per share, despite being an improvement from the prior year's loss, is a key metric for investors. Traders will closely examine the full 10-Q to understand the factors contributing to the GAAP loss and its potential impact on the company's valuation, especially in light of the recent workforce reduction announcement.
At the time of this announcement, NET was trading at $212.62 on NYSE in the Technology sector, with a market capitalization of approximately $90.4B. The 52-week trading range was $120.55 to $260.00. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.