Total funding for Area 1 according to Crunchbase is $82M. Employees probably got next to nothing except retention bonus from Cloudflare.
Good thing employees get paid a salary
Well it's a 50% stock deal and Cloudflare's stock is a tad down from their high, too.
The whole SAAS sector have gotten killed lately. If Area 1 wanted an public exit via IPO they'd probably have received the same reduction in valuation. It's an odd time for an exit with how the market has been.