Quarterly ResultAug 6, 2026, 04:36 PM
Cloudflare Q2 Net Loss $169.98M; $150.69M Restructuring Charge
AI Summary
Cloudflare reported a net loss of $169.98 million for the second quarter of 2026, significantly wider than the $50.45 million loss in the prior year, primarily due to a $150.69 million restructuring charge. Revenue for the quarter increased by 35.8% to $696.06 million. The company is evolving its business to an "agentic AI-first operating model" which included a recent workforce reduction, contributing to the restructuring costs.
Key Highlights
- Q2 2026 net loss was $169.98 million, up from $50.45 million in Q2 2025.
- Q2 2026 revenue increased 35.8% to $696.06 million.
- Reported a $150.69 million restructuring and other charges in Q2 2026.
- Net loss per share was $0.48 for Q2 2026.
- Cash and cash equivalents totaled $1.66 billion as of June 30, 2026.
- Net cash provided by operating activities was $275.89 million for H1 2026.
- US region contributed 51% of Q2 2026 revenue.
- Direct customers accounted for 69% of Q2 2026 revenue.
Price Impact
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