Cloudflare, Inc.
NETQ2 2024(NET Q1 FY2024)Estimated1% AI
AI Revenue %
1%
AI Fair Value
$362.6M
AI Revenue (Q)
$3.8M
Total Revenue (Q)
$378.6M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
NET Q1 CY2024 (ended Mar 31, 2024). 10-Q filing. Revenue = $378,602K ($378.6M). Cloudflare's AI product suite expanded: Workers AI GA with pay-per-inference pricing, AI Gateway for monitoring/caching AI API calls, Vectorize for RAG applications, and R2 increasingly used for AI model weight storage. However, Cloudflare does not disclose AI-specific revenue and the 10-Q filing makes no mention of AI products or AI revenue. The filing describes 'a single operating segment' with no product-level breakouts. AI products were still early-stage and mostly embedded in Developer Platform usage. Conservative estimate: ~$3.8M from Workers AI usage-based billing and enterprise AI inference contracts. Math: $3.8M / $378.6M = 1.00%.
Analyzed by claude-opus-4-6
Quoted Figures
The Company has determined it has a single operating segment.
10-Q for period ending Mar 31, 2024, Note 13 Segment and Geographic Information
AI Products Identified (Ring 1)
Workers AIAI GatewayVectorizeR2 (AI model storage)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix