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CFLT logoConfluent, Inc.(CFLT)Earnings, Financials & Key Ratios

CFLT•NASDAQ
$30.99
$10.65B mkt cap·Price updated May 1, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryData platforms, integration and 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$1.17B+21.1%
  • EBITDA-$380M+4.3%
  • Net Income-$295M+14.4%
  • EPS (Diluted)-0.86+19.6%
  • Gross Margin74.3%+1.4%
  • EBITDA Margin-32.58%+20.9%
  • Operating Margin-32.58%+25.1%
  • Net Margin-25.31%+29.3%
  • ROE-27.72%+28.8%
  • ROIC-15.78%+18.2%
  • Debt/Equity0.95-18.1%
Analysis→Technical→

CFLT Key Insights

Confluent, Inc. (CFLT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 86 (top 14%)
  • ✓Strong 5Y sales CAGR of 37.6%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

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

CFLT Price & Volume

Confluent, Inc. (CFLT) stock price & volume — 10-year historical chart

Loading chart...

CFLT Growth Metrics

Confluent, Inc. (CFLT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years37.59%
3 Years25.81%
TTM21.08%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM14.43%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM20.37%

Return on Capital

10 Years-47.52%
5 Years-23.04%
3 Years-20.79%
Last Year-17.24%

CFLT Recent Earnings

Confluent, Inc. (CFLT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q1 2026Latest
Feb 11, 2026
EPS
$0.12
Est $0.10
+21.0%
Revenue
$315M
Est $308M
+2.2%
Q4 2025
Oct 27, 2025
EPS
$0.13
Est $0.10
+30.0%
Revenue
$299M
Est $308M
-3.1%
Q3 2025
Jul 30, 2025
EPS
$0.09
Est $0.08
+12.5%
Revenue
$282M
Est $293M
-3.6%
Q2 2025
Apr 30, 2025
EPS
$0.08
Est $0.07
+14.3%
Revenue
$271M
Est $264M
+2.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 11, 2026
$0.12vs $0.10+21.0%
$315Mvs $308M+2.2%
Q4 2025Oct 27, 2025
$0.13vs $0.10+30.0%
$299Mvs $308M-3.1%
Q3 2025Jul 30, 2025
$0.09vs $0.08+12.5%
$282Mvs $293M-3.6%
Q2 2025Apr 30, 2025
$0.08vs $0.07+14.3%
$271Mvs $264M+2.5%
Based on last 12 quarters of dataView full earnings history →

CFLT Peer Comparison

Confluent, Inc. (CFLT) competitors in Data platforms, integration and analytics — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MQ logoMQMarqeta, Inc.Direct Competitor1.9B4.48-149.3323.25%0.33%0.27%8.45%0.03
DDOG logoDDOGDatadog, Inc.Direct Competitor47.43B145.73485.7727.68%3.14%2.89%2.11%0.41
DT logoDTDynatrace, Inc.Direct Competitor11.57B38.6224.2918.75%9.55%6.71%3.75%0.03
ESTC logoESTCElastic N.V.Direct Competitor5.29B50.15-48.2217.04%-5.04%-10.68%4.95%0.64
GTLB logoGTLBGitLab Inc.Direct Competitor4.12B24.84-70.9726.02%-5.85%-5.94%5.39%
MDB logoMDBMongoDB, Inc.Product Competitor21.7B266.68-303.0522.79%-2.89%-2.41%2.33%0.01
FSLY logoFSLYFastly, Inc.Product Competitor4.6B32.36-28.397.45%-19.5%-13.09%0.42
RDDT logoRDDTReddit, Inc.Product Competitor32.88B171.7065.5369.4%28.6%25.48%2.08%0.01

Compare CFLT vs Peers

Confluent, Inc. (CFLT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MQ

Most directly comparable listed peer for CFLT.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare CFLT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MQ, DDOG, DT, ESTC

CFLT Income Statement

Confluent, Inc. (CFLT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue149.81M236.58M387.86M585.94M776.95M963.64M1.17B
Revenue Growth %-57.92%63.95%51.07%32.6%24.03%21.08%
Cost of Goods Sold49.37M75.48M137.29M202.41M229.67M257.47M299.91M
COGS % of Revenue32.96%31.9%35.4%34.55%29.56%26.72%25.7%
Gross Profit
100.44M▲ 0%
161.1M▲ 60.4%
250.57M▲ 55.5%
383.53M▲ 53.1%
547.28M▲ 42.7%
706.17M▲ 29.0%
866.84M▲ 22.8%
Gross Margin %67.04%68.1%64.6%65.45%70.44%73.28%74.3%
Gross Profit Growth %-60.4%55.54%53.06%42.7%29.03%22.75%
Operating Expenses198.54M394.28M590.19M846.2M1.03B1.13B1.25B
OpEx % of Revenue132.53%166.66%152.16%144.42%132.06%116.78%106.87%
Selling, General & Admin140.45M288.88M428.27M582.16M642.45M704.08M765.24M
SG&A % of Revenue93.76%122.11%110.42%99.35%82.69%73.06%65.59%
Research & Development58.09M105.4M161.93M264.04M348.75M421.24M481.71M
R&D % of Revenue38.78%44.55%41.75%45.06%44.89%43.71%41.29%
Other Operating Expenses000034.85M00
Operating Income
-98.11M▲ 0%
-233.18M▼ 137.7%
-339.62M▼ 45.7%
-462.67M▼ 36.2%
-478.77M▼ 3.5%
-419.15M▲ 12.5%
-380.1M▲ 9.3%
Operating Margin %-65.49%-98.56%-87.56%-78.96%-61.62%-43.5%-32.58%
Operating Income Growth %--137.67%-45.65%-36.23%-3.48%12.45%9.32%
EBITDA-96.91M-231.61M-335.99M-455.05M-464.86M-397.06M-380.1M
EBITDA Margin %-64.69%-97.9%-86.63%-77.66%-59.83%-41.2%-32.58%
EBITDA Growth %--139%-45.07%-35.44%-2.16%14.59%4.27%
D&A (Non-Cash Add-back)1.2M1.57M3.63M7.62M13.91M22.09M0
EBIT-98.11M-233.18M-339.62M-462.67M-443.92M-419.15M0
Net Interest Income2.49M4.11M2.02M0-3.8M-3.8M0
Interest Income2.49M4.11M2.02M0000
Interest Expense00003.8M3.8M0
Other Income/Expense3.06M3.14M-7K16.42M72.1M84.49M79.41M
Pretax Income
-95.05M▲ 0%
-230.03M▼ 142.0%
-339.63M▼ 47.6%
-446.26M▼ 31.4%
-406.67M▲ 8.9%
-334.66M▲ 17.7%
-300.69M▲ 10.2%
Pretax Margin %-63.45%-97.23%-87.56%-76.16%-52.34%-34.73%-25.77%
Income Tax-5K-207K3.17M6.29M36.07M10.4M-5.41M
Effective Tax Rate %0.01%0.09%-0.93%-1.41%-8.87%-3.11%1.8%
Net Income
-95.04M▲ 0%
-229.83M▼ 141.8%
-342.8M▼ 49.2%
-452.55M▼ 32.0%
-442.75M▲ 2.2%
-345.06M▲ 22.1%
-295.27M▲ 14.4%
Net Margin %-63.44%-97.15%-88.38%-77.23%-56.98%-35.81%-25.31%
Net Income Growth %--141.82%-49.16%-32.02%2.17%22.06%14.43%
Net Income (Continuing)-95.04M-229.83M-342.8M-452.55M-442.75M-345.06M0
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)
-0.38▲ 0%
-0.91▼ 139.5%
-1.26▼ 38.5%
-1.62▼ 28.6%
-1.47▲ 9.3%
-1.07▲ 27.2%
-0.86▲ 19.6%
EPS Growth %--139.47%-38.46%-28.57%9.26%27.21%19.63%
EPS (Basic)-0.38-0.91-1.26-1.62-1.47-1.07-0.86
Diluted Shares Outstanding252.37M252.37M271.8M280.08M300.73M321.86M343.8M
Basic Shares Outstanding252.37M252.37M271.8M280.08M300.73M321.86M343.8M
Dividend Payout Ratio-------

CFLT Balance Sheet

Confluent, Inc. (CFLT) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets183.06M427.69M2.23B2.2B2.25B2.35B2.61B
Cash & Short-Term Investments99.77M288.55M2.02B1.93B1.9B1.91B2.05B
Cash Only18.95M36.79M1.38B435.78M349.76M385.98M347.21M
Short-Term Investments80.82M251.76M640.09M1.49B1.55B1.52B1.71B
Accounts Receivable67.78M105.97M137.49M178.19M229.96M314.31M390.75M
Days Sales Outstanding165.14163.5129.39111108.03119.05122.24
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets7.91M14.4M27.65M93.11M120.92M126.45M162.29M
Total Non-Current Assets23.25M98.42M116.66M146.72M209.15M343.59M378.26M
Property, Plant & Equipment2.87M54.99M51.71M58.57M64.07M87.5M98.11M
Fixed Asset Turnover52.18x4.30x7.50x10.00x12.13x11.01x11.89x
Goodwill000052M164.41M164.41M
Intangible Assets00003.49M7.92M6.05M
Long-Term Investments0000000
Other Non-Current Assets20.38M43.43M64.95M88.16M89.59M83.76M109.68M
Total Assets
206.32M▲ 0%
526.12M▲ 155.0%
2.34B▲ 345.3%
2.34B▲ 0.1%
2.46B▲ 4.9%
2.69B▲ 9.5%
2.99B▲ 10.8%
Asset Turnover0.73x0.45x0.17x0.25x0.32x0.36x0.39x
Asset Growth %-155%345.29%0.09%4.95%9.51%10.77%
Total Current Liabilities114.95M193.8M348.19M424.33M487.02M589.25M680.61M
Accounts Payable1.77M1.65M7.59M21.44M6.71M7.53M20.71M
Days Payables Outstanding13.097.9620.1838.6610.6710.6825.2
Short-Term Debt0000008.18M
Deferred Revenue (Current)84.16M142.9M220.92M290.19M330.57M378.77M468.98M
Other Current Liabilities11.09M14.59M49.76M44.19M110.96M61.5M203.44M
Current Ratio1.59x2.21x6.39x5.18x4.62x3.99x3.83x
Quick Ratio1.59x2.21x6.39x5.18x4.62x3.99x3.83x
Cash Conversion Cycle-------
Total Non-Current Liabilities222.14M638.57M1.14B1.15B1.16B1.14B1.14B
Long-Term Debt001.08B1.08B1.09B1.09B1.1B
Capital Lease Obligations040.44M31.64M25.14M17.39M9.14M0
Deferred Tax Liabilities0000000
Other Non-Current Liabilities211.18M581.84M6.36M8.76M35.23M12.72M38.33M
Total Liabilities337.08M832.37M1.49B1.58B1.65B1.73B1.82B
Total Debt050.93M1.12B1.12B1.11B1.11B1.11B
Net Debt-18.95M14.14M-254.35M681.23M763.83M724M758.16M
Debt / Equity--1.32x1.45x1.37x1.15x0.95x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-----125.99x-110.30x-
Total Equity
-130.76M▲ 0%
-306.25M▼ 134.2%
850.28M▲ 377.6%
769.48M▼ 9.5%
810.41M▲ 5.3%
961.23M▲ 18.6%
1.17B▲ 21.6%
Equity Growth %--134.2%377.64%-9.5%5.32%18.61%21.63%
Book Value per Share-0.52-1.213.132.752.692.993.40
Total Shareholders' Equity-130.76M-306.25M850.28M769.48M810.41M961.23M1.17B
Common Stock1K1K3K3K3K3K4K
Retained Earnings-176.22M-406.05M-748.85M-1.2B-1.64B-1.99B-2.28B
Treasury Stock0000000
Accumulated OCI197K228K-830K-9.46M1.27M-2.64M5.66M
Minority Interest0000000

CFLT Cash Flow Statement

Confluent, Inc. (CFLT) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-68.83M-82.06M-105.06M-157.33M-103.66M33.46M64.27M
Operating CF Margin %-45.95%-34.69%-27.09%-26.85%-13.34%3.47%5.51%
Operating CF Growth %--19.21%-28.03%-49.76%34.12%132.28%92.09%
Net Income-95.04M-229.83M-342.8M-452.55M-442.75M-345.06M-295.27M
Depreciation & Amortization1.2M1.57M3.63M7.62M-28.59M22.09M29.56M
Stock-Based Compensation18.62M143.34M155.62M277.66M349.83M395.66M397.32M
Deferred Taxes-394K-1.33M1.33M-237K1.89M277K-18.7M
Other Non-Cash Items8.4M29.94M55.26M42.24M71.72M27.66M-48.63M
Working Capital Changes-1.62M-25.75M21.89M-32.06M-55.76M-67.17M0
Change in Receivables-27.12M-41.61M-32.52M-42.08M-53.59M-86.56M-79.72M
Change in Inventory0018.9M0000
Change in Payables1.51M-327K6.14M13.58M-14.45M127K13.47M
Cash from Investing35.64M-176.86M-400.58M-865.8M-84.85M-74.98M-185M
Capital Expenditures-1.95M-1.04M-8.94M-14.46M-2.83M-2.57M-3.6M
CapEx % of Revenue1.3%0.44%2.31%2.47%0.36%0.27%0.31%
Acquisitions00-5.34M10.33M-55.8M-115.52M0
Investments-------
Other Investing-675K-3.61M5.35M-10.33M-17.84M-21.4M-22.56M
Cash from Financing13.43M276.76M1.84B82.24M102.37M79.81M0
Debt Issued (Net)001.08B-786K000
Equity Issued (Net)01000K1000K-789K-255K1000K0
Dividends Paid0000000
Share Repurchases00-482K-789K-255K00
Other Financing13.43M16.94M-22.9M83.82M102.63M00
Net Change in Cash
-19.85M▲ 0%
17.84M▲ 189.9%
1.34B▲ 7407.0%
-940.9M▼ 170.3%
-86.02M▲ 90.9%
36.22M▲ 142.1%
0▼ 100.0%
Free Cash Flow
-71.76M▲ 0%
-86.71M▼ 20.8%
-114M▼ 31.5%
-171.79M▼ 50.7%
-124.34M▲ 27.6%
9.49M▲ 107.6%
60.68M▲ 539.4%
FCF Margin %-47.9%-36.65%-29.39%-29.32%-16%0.98%5.2%
FCF Growth %--20.82%-31.48%-50.69%27.62%107.63%539.45%
FCF per Share-0.28-0.34-0.42-0.61-0.410.030.18
FCF Conversion (FCF/Net Income)0.72x0.36x0.31x0.35x0.23x-0.10x-0.22x
Interest Paid0000000
Taxes Paid436K960K2.17M5.53M011.71M0

CFLT Key Ratios

Confluent, Inc. (CFLT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2019202020212022202320242025
Return on Equity (ROE)---126.02%-55.88%-56.05%-38.95%-27.72%
Return on Invested Capital (ROIC)---167.67%-33.91%-23.74%-19.29%-15.78%
Gross Margin67.04%68.1%64.6%65.45%70.44%73.28%74.3%
Net Margin-63.44%-97.15%-88.38%-77.23%-56.98%-35.81%-25.31%
Debt / Equity--1.32x1.45x1.37x1.15x0.95x
Interest Coverage-----125.99x-110.30x-
FCF Conversion0.72x0.36x0.31x0.35x0.23x-0.10x-0.22x
Revenue Growth-57.92%63.95%51.07%32.6%24.03%21.08%

CFLT SEC Filings & Documents

Confluent, Inc. (CFLT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 17, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 18, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Oct 27, 2025·SEC

FY 2025

Jul 30, 2025·SEC

FY 2025

Apr 30, 2025·SEC

CFLT Frequently Asked Questions

Confluent, Inc. (CFLT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Confluent, Inc. (CFLT) reported $1.17B in revenue for fiscal year 2025. This represents a 679% increase from $149.8M in 2019.

Confluent, Inc. (CFLT) grew revenue by 21.1% over the past year. This is strong growth.

Confluent, Inc. (CFLT) reported a net loss of $295.3M for fiscal year 2025.

Dividend & Returns

Confluent, Inc. (CFLT) has a return on equity (ROE) of -27.7%. Negative ROE indicates the company is unprofitable.

Confluent, Inc. (CFLT) generated $50.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CFLT

Confluent, Inc. (CFLT) financial analysis — history, returns, DCA and operating performance tools

Full CFLT Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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