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Confluent, Inc. (CFLT) 10-Year Financial Performance & Capital Metrics

CFLT • • Industrial / General
TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementData Streaming & Analytics
AboutConfluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.Show more
  • Revenue $964M +24.0%
  • EBITDA -$397M +14.6%
  • Net Income -$345M +22.1%
  • EPS (Diluted) -1.07 +27.2%
  • Gross Margin 73.28% +4.0%
  • EBITDA Margin -41.2% +31.1%
  • Operating Margin -43.5% +29.4%
  • Net Margin -35.81% +37.2%
  • ROE -38.95% +30.5%
  • ROIC -19.29% +18.8%
  • Debt/Equity 1.15 -16.0%
  • Interest Coverage -110.30
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 83 (top 17%)
  • ✓Strong 5Y sales CAGR of 45.1%

✗Weaknesses

  • ✗Expensive at 10.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y45.1%
3Y35.44%
TTM21.58%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM13.39%

EPS CAGR

10Y-
5Y-
3Y-
TTM18.92%

ROCE

10Y Avg-52.57%
5Y Avg-41.61%
3Y Avg-22.92%
Latest-20.55%

Peer Comparison

Data Streaming & Analytics
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SPSCSPS Commerce, Inc.3.44B91.2444.7318.78%11.66%8.87%3.99%0.01
TDCTeradata Corporation2.88B30.9026.64-4.53%7.15%53.88%9.62%4.33
TGHLThe GrowHub Limited Class A Ordinary Shares5.95M0.40-4.2984.4%-9.95%
CFLTConfluent, Inc.9.34B30.53-28.5324.03%-27.32%-27.18%0.1%1.15
YEXTYext, Inc.924.61M7.54-34.274.11%5.89%17%5.21%0.62
RAMPLiveRamp Holdings, Inc.1.63B25.62-2117.3613.02%5.15%4.25%9.48%0.04

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+149.81M236.58M387.86M585.94M776.95M963.64M
Revenue Growth %-0.58%0.64%0.51%0.33%0.24%
Cost of Goods Sold+49.37M75.48M137.29M202.41M229.67M257.47M
COGS % of Revenue0.33%0.32%0.35%0.35%0.3%0.27%
Gross Profit+100.44M161.1M250.57M383.53M547.28M706.17M
Gross Margin %0.67%0.68%0.65%0.65%0.7%0.73%
Gross Profit Growth %-0.6%0.56%0.53%0.43%0.29%
Operating Expenses+198.54M394.28M590.19M846.2M1.03B1.13B
OpEx % of Revenue1.33%1.67%1.52%1.44%1.32%1.17%
Selling, General & Admin140.45M288.88M428.27M582.16M642.45M704.08M
SG&A % of Revenue0.94%1.22%1.1%0.99%0.83%0.73%
Research & Development58.09M105.4M161.93M264.04M348.75M421.24M
R&D % of Revenue0.39%0.45%0.42%0.45%0.45%0.44%
Other Operating Expenses000034.85M0
Operating Income+-98.11M-233.18M-339.62M-462.67M-478.77M-419.15M
Operating Margin %-0.65%-0.99%-0.88%-0.79%-0.62%-0.43%
Operating Income Growth %--1.38%-0.46%-0.36%-0.03%0.12%
EBITDA+-96.91M-231.61M-335.99M-455.05M-464.86M-397.06M
EBITDA Margin %-0.65%-0.98%-0.87%-0.78%-0.6%-0.41%
EBITDA Growth %--1.39%-0.45%-0.35%-0.02%0.15%
D&A (Non-Cash Add-back)1.2M1.57M3.63M7.62M13.91M22.09M
EBIT-98.11M-233.18M-339.62M-462.67M-443.92M-419.15M
Net Interest Income+2.49M4.11M2.02M00-3.8M
Interest Income2.49M4.11M2.02M000
Interest Expense000003.8M
Other Income/Expense3.06M3.14M-7K16.42M72.1M84.49M
Pretax Income+-95.05M-230.03M-339.63M-446.26M-406.67M-334.66M
Pretax Margin %-0.63%-0.97%-0.88%-0.76%-0.52%-0.35%
Income Tax+-5K-207K3.17M6.29M36.07M10.4M
Effective Tax Rate %1%1%1.01%1.01%1.09%1.03%
Net Income+-95.04M-229.83M-342.8M-452.55M-442.75M-345.06M
Net Margin %-0.63%-0.97%-0.88%-0.77%-0.57%-0.36%
Net Income Growth %--1.42%-0.49%-0.32%0.02%0.22%
Net Income (Continuing)-95.04M-229.83M-342.8M-452.55M-442.75M-345.06M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.38-0.91-1.26-1.62-1.47-1.07
EPS Growth %--1.39%-0.38%-0.29%0.09%0.27%
EPS (Basic)-0.38-0.91-1.26-1.62-1.47-1.07
Diluted Shares Outstanding252.37M252.37M271.8M280.08M300.73M321.86M
Basic Shares Outstanding252.37M252.37M271.8M280.08M300.73M321.86M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+183.06M427.69M2.23B2.2B2.25B2.35B
Cash & Short-Term Investments99.77M288.55M2.02B1.93B1.9B1.91B
Cash Only18.95M36.79M1.38B435.78M349.76M385.98M
Short-Term Investments80.82M251.76M640.09M1.49B1.55B1.52B
Accounts Receivable67.78M105.97M137.49M178.19M229.96M314.31M
Days Sales Outstanding165.14163.5129.39111108.03119.05
Inventory000000
Days Inventory Outstanding------
Other Current Assets7.91M14.4M27.65M93.11M120.92M126.45M
Total Non-Current Assets+23.25M98.42M116.66M146.72M209.15M343.59M
Property, Plant & Equipment2.87M54.99M51.71M58.57M64.07M87.5M
Fixed Asset Turnover52.18x4.30x7.50x10.00x12.13x11.01x
Goodwill000052M164.41M
Intangible Assets00003.49M7.92M
Long-Term Investments000000
Other Non-Current Assets20.38M43.43M64.95M88.16M89.59M83.76M
Total Assets+206.32M526.12M2.34B2.34B2.46B2.69B
Asset Turnover0.73x0.45x0.17x0.25x0.32x0.36x
Asset Growth %-1.55%3.45%0%0.05%0.1%
Total Current Liabilities+114.95M193.8M348.19M424.33M487.02M589.25M
Accounts Payable1.77M1.65M7.59M21.44M6.71M7.53M
Days Payables Outstanding13.097.9620.1838.6610.6710.68
Short-Term Debt000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities11.09M14.59M49.76M44.19M110.96M61.5M
Current Ratio1.59x2.21x6.39x5.18x4.62x3.99x
Quick Ratio1.59x2.21x6.39x5.18x4.62x3.99x
Cash Conversion Cycle------
Total Non-Current Liabilities+222.14M638.57M1.14B1.15B1.16B1.14B
Long-Term Debt001.08B1.08B1.09B1.09B
Capital Lease Obligations040.44M31.64M25.14M17.39M9.14M
Deferred Tax Liabilities000000
Other Non-Current Liabilities211.18M581.84M6.36M8.76M35.23M12.72M
Total Liabilities337.08M832.37M1.49B1.58B1.65B1.73B
Total Debt+050.93M1.12B1.12B1.11B1.11B
Net Debt-18.95M14.14M-254.35M681.23M763.83M724M
Debt / Equity--1.32x1.45x1.37x1.15x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage------110.30x
Total Equity+-130.76M-306.25M850.28M769.48M810.41M961.23M
Equity Growth %--1.34%3.78%-0.1%0.05%0.19%
Book Value per Share-0.52-1.213.132.752.692.99
Total Shareholders' Equity-130.76M-306.25M850.28M769.48M810.41M961.23M
Common Stock1K1K3K3K3K3K
Retained Earnings-176.22M-406.05M-748.85M-1.2B-1.64B-1.99B
Treasury Stock000000
Accumulated OCI197K228K-830K-9.46M1.27M-2.64M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-68.83M-82.06M-105.06M-157.33M-103.66M33.46M
Operating CF Margin %-0.46%-0.35%-0.27%-0.27%-0.13%0.03%
Operating CF Growth %--0.19%-0.28%-0.5%0.34%1.32%
Net Income-95.04M-229.83M-342.8M-452.55M-442.75M-345.06M
Depreciation & Amortization1.2M1.57M3.63M7.62M-28.59M22.09M
Stock-Based Compensation18.62M143.34M155.62M277.66M349.83M395.66M
Deferred Taxes-394K-1.33M1.33M-237K1.89M277K
Other Non-Cash Items8.4M29.94M55.26M42.24M71.72M27.66M
Working Capital Changes-1.62M-25.75M21.89M-32.06M-55.76M-67.17M
Change in Receivables-27.12M-41.61M-32.52M-42.08M-53.59M-86.56M
Change in Inventory0018.9M000
Change in Payables1.51M-327K6.14M13.58M-14.45M127K
Cash from Investing+35.64M-176.86M-400.58M-865.8M-84.85M-74.98M
Capital Expenditures-1.95M-1.04M-8.94M-14.46M-2.83M-2.57M
CapEx % of Revenue0.01%0%0.02%0.02%0%0%
Acquisitions------
Investments------
Other Investing-675K-3.61M5.35M-10.33M-17.84M-21.4M
Cash from Financing+13.43M276.76M1.84B82.24M102.37M79.81M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing13.43M16.94M-22.9M83.82M102.63M0
Net Change in Cash------
Free Cash Flow+-71.76M-86.71M-114M-171.79M-124.34M9.49M
FCF Margin %-0.48%-0.37%-0.29%-0.29%-0.16%0.01%
FCF Growth %--0.21%-0.31%-0.51%0.28%1.08%
FCF per Share-0.28-0.34-0.42-0.61-0.410.03
FCF Conversion (FCF/Net Income)0.72x0.36x0.31x0.35x0.23x-0.10x
Interest Paid000000
Taxes Paid436K960K2.17M5.53M011.71M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---126.02%-55.88%-56.05%-38.95%
Return on Invested Capital (ROIC)---167.67%-33.91%-23.74%-19.29%
Gross Margin67.04%68.1%64.6%65.45%70.44%73.28%
Net Margin-63.44%-97.15%-88.38%-77.23%-56.98%-35.81%
Debt / Equity--1.32x1.45x1.37x1.15x
Interest Coverage------110.30x
FCF Conversion0.72x0.36x0.31x0.35x0.23x-0.10x
Revenue Growth-57.92%63.95%51.07%32.6%24.03%

Revenue by Segment

2021202220232024
Confluent Cloud94.18M211.19M348.84M491.87M
Confluent Cloud Growth-124.24%65.18%41.00%
Post Contract Customer Support183.74M247.8M296.25M332.86M
Post Contract Customer Support Growth-34.87%19.55%12.36%
License69.18M76.02M84.03M97.36M
License Growth-9.88%10.53%15.87%
Service40.77M50.94M47.84M41.55M
Service Growth-24.95%-6.08%-13.15%

Revenue by Geography

2021202220232024
UNITED STATES246.68M362.13M464.86M576.76M
UNITED STATES Growth-46.80%28.37%24.07%
Non-US141.19M223.81M312.1M386.88M
Non-US Growth-58.52%39.45%23.96%

Frequently Asked Questions

Growth & Financials

Confluent, Inc. (CFLT) reported $1.11B in revenue for fiscal year 2024. This represents a 643% increase from $149.8M in 2019.

Confluent, Inc. (CFLT) grew revenue by 24.0% over the past year. This is strong growth.

Confluent, Inc. (CFLT) reported a net loss of $304.1M for fiscal year 2024.

Dividend & Returns

Confluent, Inc. (CFLT) has a return on equity (ROE) of -39.0%. Negative ROE indicates the company is unprofitable.

Confluent, Inc. (CFLT) generated $37.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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