NYSE$NET
Cloudflare · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Cloudflare's Q1 2022 financial performance was announced, demonstrating substantial revenue growth and customer acquisition.
Cloudflare reported a strong first quarter in 2022, with revenue reaching $212.2 million, a 54% increase year-over-year. The company added a record 14,000 new paying customers, and dollar-based net retention hit a record 127%.
- Total revenue reached $212.2 million, up 54% year-over-year.
- Dollar-based net retention rate was a record 127%, increasing 400 basis points year-over-year.
- The company added approximately 14,000 paying customers, bringing the total to 154,109.
- Non-GAAP income from operations was $4.9 million, compared to a loss of $7.5 million in Q1 2021.
Headline financials
Revenue & EPS history
Cloudflare · Revenue · Quarterly
$212M
Forward guidance
For Q2 2022, Cloudflare expects revenue between $226.5 and $227.5 million, and for the full year 2022, revenue is expected to be between $955.0 and $959.0 million.
Tailwinds
- Total revenue of $226.5 to $227.5 million is expected for the second quarter of fiscal 2022.
- For the full year fiscal 2022, total revenue of $955.0 to $959.0 million is expected.
- Second quarter non-GAAP loss from operations is projected to be between $2.0 to $1.0 million.
- Full year fiscal 2022 non-GAAP income from operations is expected to be $10.0 to $14.0 million.
- Non-GAAP net income (loss) per share for Q2 is expected to be between $(0.01) to $0.00.
Headwinds
- The financial outlook is subject to uncertainty due to the ongoing COVID-19 pandemic.
- The outlook is highly dependent on factors that are difficult to predict or control.
- Second quarter non-GAAP loss from operations is projected to be between $2.0 to $1.0 million.
- Non-GAAP net income (loss) per share for Q2 is expected to be between $(0.01) to $0.00.
- The pandemic's impact on global and regional economies could affect customer demand and spending.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.3%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.6%
Avg return
30 days after
48%
13 / 27 earnings
Positive
+29.5%
Q4 2023
Best reaction
-27.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -23.8% | -25.0% | -2.6% | |
| Q4 2025 | +5.2% | +8.8% | +18.0% | |
| Q3 2025 | +11.6% | +2.7% | -10.0% | |
| Q2 2025 | -3.6% | +3.8% | +0.5% | |
| Q1 2025 | +6.3% | +24.3% | +44.5% | |
| Q4 2024 | +17.8% | +22.1% | -10.4% | |
| Q3 2024 | -1.4% | -1.7% | +22.1% | |
| Q2 2024 | +2.5% | -1.6% | +6.0% | |
| Q1 2024 | -15.5% | -15.8% | -23.1% | |
| Q4 2023 | +29.5% | +19.8% | +17.6% | |
| Q3 2023 | +17.2% | +20.1% | +43.4% | |
| Q2 2023 | +8.4% | +3.9% | -0.2% | |
| Q1 2023 | -21.0% | -28.0% | +2.7% | |
| Q4 2022 | +3.5% | +17.8% | -9.2% | |
| Q3 2022 | -17.7% | -19.2% | -3.1% | |
| Q2 2022 | +27.2% | +22.7% | +0.6% | |
| Q1 2022 | -27.4% | -37.0% | -39.7% | |
| Q4 2021 | -8.6% | +0.5% | -22.7% | |
| Q3 2021 | +1.2% | +5.0% | -18.0% | |
| Q2 2021 | -1.0% | +4.6% | +8.7% | |
| Q1 2021 | -9.4% | -9.8% | +5.1% | |
| Q4 2020 | -5.5% | -9.7% | -16.1% | |
| Q3 2020 | +14.9% | +9.1% | +37.8% | |
| Q2 2020 | -5.7% | -11.0% | -18.2% | |
| Q1 2020 | +5.3% | +15.4% | +16.8% | |
| Q4 2019 | -0.4% | -1.8% | +7.0% | |
| Q3 2019 | -0.6% | -0.4% | +13.9% | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro