Assertion Contradicted AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Prince: Cloudflare is operating at basically break-even

Matthew Prince · 1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition · Mar 17, 2019 · at 9:01

Cloudflare co-founder and CEO Matthew Prince discusses the company's financial discipline and governance with Nathan Latka.

0:00 / 0:04exact quote · 4.3s

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“We run the business that basically break even today.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Cloudflare is operating at basically break-even as of March 2019.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

On March 17, 2019, then-CEO Matthew Prince claimed that Cloudflare was running 'at basically break even, uh, today.' Cloudflare's subsequent Form S-1 registration statement filed with the SEC on August 15, 2019, revealed that the company was not operating near break-even during late 2018 or Q1 2019. For the full year 2018, Cloudflare reported a GAAP operating loss of $84.9 million and a GAAP net loss of $87.2 million on $192.7 million in revenue. For the first quarter of 2019 (ended March 31, 2019), Cloudflare reported a GAAP operating loss of $17.15 million (operating margin of -28%) and a non-GAAP operating loss of $16.06 million (-26% margin). In addition, for the first six months of 2019, net cash used in operating activities was -$12.6 million. These figures represent substantial operating and cash flow losses rather than break-even operations.

Cloudflare's Form S-1 filed August 15, 2019 reported a Q1 2019 GAAP operating loss of $17.15 million (-28% margin) and non-GAAP operating loss of $16.06 million (-26% margin).
Cloudflare reported a FY 2018 GAAP loss from operations of $84.9 million on $192.7 million of revenue.
For the first six months ended June 30, 2019, net cash used in operating activities was -$12.6 million with a GAAP net loss of $36.8 million.
The S-1 explicitly stated: 'We have generated significant operating losses from our operations as reflected in our accumulated deficit of $232.7 million as of June 30, 2019 and negative cash flows from operations.'

Checked against

[1] sec.gov [2] cloudfront.net [3] sec.gov [4] edgar-online.com [5] sec.gov [6] edgar-online.com [7] sec.gov [8] cloudflare.net

Cloudflare S 1 SEC filing "March 31, 2019" "operating loss" revenue "Cloudflare, Inc." "Consolidated Statements of Operations" "Loss from operations" "December 31, 2018" "December 31, 2017" "Cloudflare, Inc." S-1 "Three Months Ended March 31, 2019" OR "Six Months Ended June 30, 2019" "Cash flows from operating activities" "three months ended March 31, 2019" "Revenue" "Cloudflare" "Loss from operations" "Net cash" "Cloudflare" "three months ended March 31, 2019" "operating activities" "cash flows" "0001193125-19-222176" "Cash flows from operating activities" OR "Net cash used in operating activities" Cloudflare Form S 1 March 31 2019 operating income loss revenue cash flow Cloudflare S 1 registration statement financial statements operating loss Q1 2019 2018

assessed as of 2026-09-02

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Mentioned

Cloudflare

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Assertion Not checkable as stated

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