Cloudflare, Inc. issued $2.50 billion aggregate principal amount of 0% Convertible Senior Notes due 2031 on August 13, 2026, following the full exercise of an over-allotment option for an additional $325 million. The notes carry an initial conversion price of approximately $496.94 per share, representing a 60% premium to the stock's closing price of $310.59 on August 10, 2026. Cloudflare paid $259.5 million for capped call transactions with a cap price of $854.12 to offset potential dilution. Net proceeds were approximately $2.46 billion, intended for general corporate purposes including working capital and acquisitions. The company also amended its revolving credit agreement to adjust leverage ratio calculations by capping unrestricted cash deductions at $2.0 billion. Cloudflare operates in the technology industry, providing cloud-based network services for security, performance, and reliability.

Cloudflare reported second quarter fiscal 2026 financial results for the period ended June 30, 2026. Total revenue increased 36% year-over-year to $696.1 million. The company recorded a GAAP loss from operations of $205.7 million and a non-GAAP income from operations of $96.1 million. GAAP net loss was $170.0 million, while non-GAAP net income was $107.8 million. Cash flow from operating activities totaled $117.6 million, with free cash flow at $56.4 million. The company provided third quarter 2026 revenue guidance of $736.0 to $737.0 million and full-year fiscal 2026 revenue guidance of $2,864.0 to $2,870.0 million. Cloudflare operates in the technology industry as a connectivity cloud company providing internet security, performance, and reliability services.

At its 2026 Annual Meeting on June 30, 2026, Cloudflare stockholders approved several material corporate governance changes. Key approvals include the establishment of Class C common stock, the implementation of a Class C Split, and increasing the authorized shares of Class A common stock from 2.25 billion to 4.5 billion and preferred stock from 225 million to 450 million. Stockholders also approved the amendment and restatement of the 2019 Equity Incentive Plan and the 2019 Employee Stock Purchase Plan, as well as a requirement for majority independent director approval for acquisitions using Class C shares exceeding $100 million in fair market value. Cloudflare provides cloud-based network services to help businesses build, secure, and run applications.

At its 2026 Annual Meeting held on June 30, 2025, Cloudflare, Inc. stockholders approved several significant structural changes. Key approvals included the establishment of Class C common stock and an amendment to the certificate of incorporation to implement a Class C Split. Additionally, stockholders approved increasing authorized Class A Common Stock from 2,250,000,000 to 4,500,000,000 shares and increasing authorized preferred stock from 225,000,000 to 450,000,000 shares. The meeting also resulted in the election of Michelle Zatlyn, Scott Sandell, and Karim Lakhani as Class I directors, the ratification of KPMG LLP as independent auditor, and the amendment and restatement of the 2019 Equity Incentive Plan and the 2019 Employee Stock Purchase Plan. Cloudflare, Inc. provides cloud infrastructure and cybersecurity services.