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6Mar 17, 2026·SEC
Feb 25, 2026·SEC
Feb 12, 2026·SEC
Confluent, Inc. (CFLT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Confluent, Inc. (CFLT) stock price & volume — 10-year historical chart
Confluent, Inc. (CFLT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Confluent, Inc. (CFLT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 11, 2026 | $0.12vs $0.10+21.0% | $315Mvs $308M+2.2% |
| Q4 2025 | Oct 27, 2025 | $0.13vs $0.10+30.0% | $299Mvs $308M-3.1% |
| Q3 2025 | Jul 30, 2025 | $0.09vs $0.08+12.5% | $282Mvs $293M-3.6% |
| Q2 2025 | Apr 30, 2025 | $0.08vs $0.07+14.3% | $271Mvs $264M+2.5% |
Confluent, Inc. (CFLT) competitors in Data platforms, integration and analytics — business model, growth, and fundamentals comparison
Confluent, Inc. (CFLT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Confluent, Inc. (CFLT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 149.81M | 236.58M | 387.86M | 585.94M | 776.95M | 963.64M | 1.17B |
| Revenue Growth % | - | 57.92% | 63.95% | 51.07% | 32.6% | 24.03% | 21.08% |
| Cost of Goods Sold | 49.37M | 75.48M | 137.29M | 202.41M | 229.67M | 257.47M | 299.91M |
| COGS % of Revenue | 32.96% | 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 Expenses | 198.54M | 394.28M | 590.19M | 846.2M | 1.03B | 1.13B | 1.25B |
| OpEx % of Revenue | 132.53% | 166.66% | 152.16% | 144.42% | 132.06% | 116.78% | 106.87% |
| Selling, General & Admin | 140.45M | 288.88M | 428.27M | 582.16M | 642.45M | 704.08M | 765.24M |
| SG&A % of Revenue | 93.76% | 122.11% | 110.42% | 99.35% | 82.69% | 73.06% | 65.59% |
| Research & Development | 58.09M | 105.4M | 161.93M | 264.04M | 348.75M | 421.24M | 481.71M |
| R&D % of Revenue | 38.78% | 44.55% | 41.75% | 45.06% | 44.89% | 43.71% | 41.29% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 34.85M | 0 | 0 |
| 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) | 1.2M | 1.57M | 3.63M | 7.62M | 13.91M | 22.09M | 0 |
| EBIT | -98.11M | -233.18M | -339.62M | -462.67M | -443.92M | -419.15M | 0 |
| Net Interest Income | 2.49M | 4.11M | 2.02M | 0 | -3.8M | -3.8M | 0 |
| Interest Income | 2.49M | 4.11M | 2.02M | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 3.8M | 3.8M | 0 |
| Other Income/Expense | 3.06M | 3.14M | -7K | 16.42M | 72.1M | 84.49M | 79.41M |
| 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 | -207K | 3.17M | 6.29M | 36.07M | 10.4M | -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 | -345.06M | 0 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 Outstanding | 252.37M | 252.37M | 271.8M | 280.08M | 300.73M | 321.86M | 343.8M |
| Basic Shares Outstanding | 252.37M | 252.37M | 271.8M | 280.08M | 300.73M | 321.86M | 343.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Confluent, Inc. (CFLT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 183.06M | 427.69M | 2.23B | 2.2B | 2.25B | 2.35B | 2.61B |
| Cash & Short-Term Investments | 99.77M | 288.55M | 2.02B | 1.93B | 1.9B | 1.91B | 2.05B |
| Cash Only | 18.95M | 36.79M | 1.38B | 435.78M | 349.76M | 385.98M | 347.21M |
| Short-Term Investments | 80.82M | 251.76M | 640.09M | 1.49B | 1.55B | 1.52B | 1.71B |
| Accounts Receivable | 67.78M | 105.97M | 137.49M | 178.19M | 229.96M | 314.31M | 390.75M |
| Days Sales Outstanding | 165.14 | 163.5 | 129.39 | 111 | 108.03 | 119.05 | 122.24 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 7.91M | 14.4M | 27.65M | 93.11M | 120.92M | 126.45M | 162.29M |
| Total Non-Current Assets | 23.25M | 98.42M | 116.66M | 146.72M | 209.15M | 343.59M | 378.26M |
| Property, Plant & Equipment | 2.87M | 54.99M | 51.71M | 58.57M | 64.07M | 87.5M | 98.11M |
| Fixed Asset Turnover | 52.18x | 4.30x | 7.50x | 10.00x | 12.13x | 11.01x | 11.89x |
| Goodwill | 0 | 0 | 0 | 0 | 52M | 164.41M | 164.41M |
| Intangible Assets | 0 | 0 | 0 | 0 | 3.49M | 7.92M | 6.05M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 20.38M | 43.43M | 64.95M | 88.16M | 89.59M | 83.76M | 109.68M |
| 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 Turnover | 0.73x | 0.45x | 0.17x | 0.25x | 0.32x | 0.36x | 0.39x |
| Asset Growth % | - | 155% | 345.29% | 0.09% | 4.95% | 9.51% | 10.77% |
| Total Current Liabilities | 114.95M | 193.8M | 348.19M | 424.33M | 487.02M | 589.25M | 680.61M |
| Accounts Payable | 1.77M | 1.65M | 7.59M | 21.44M | 6.71M | 7.53M | 20.71M |
| Days Payables Outstanding | 13.09 | 7.96 | 20.18 | 38.66 | 10.67 | 10.68 | 25.2 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 8.18M |
| Deferred Revenue (Current) | 84.16M | 142.9M | 220.92M | 290.19M | 330.57M | 378.77M | 468.98M |
| Other Current Liabilities | 11.09M | 14.59M | 49.76M | 44.19M | 110.96M | 61.5M | 203.44M |
| Current Ratio | 1.59x | 2.21x | 6.39x | 5.18x | 4.62x | 3.99x | 3.83x |
| Quick Ratio | 1.59x | 2.21x | 6.39x | 5.18x | 4.62x | 3.99x | 3.83x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 222.14M | 638.57M | 1.14B | 1.15B | 1.16B | 1.14B | 1.14B |
| Long-Term Debt | 0 | 0 | 1.08B | 1.08B | 1.09B | 1.09B | 1.1B |
| Capital Lease Obligations | 0 | 40.44M | 31.64M | 25.14M | 17.39M | 9.14M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 211.18M | 581.84M | 6.36M | 8.76M | 35.23M | 12.72M | 38.33M |
| Total Liabilities | 337.08M | 832.37M | 1.49B | 1.58B | 1.65B | 1.73B | 1.82B |
| Total Debt | 0 | 50.93M | 1.12B | 1.12B | 1.11B | 1.11B | 1.11B |
| Net Debt | -18.95M | 14.14M | -254.35M | 681.23M | 763.83M | 724M | 758.16M |
| Debt / Equity | - | - | 1.32x | 1.45x | 1.37x | 1.15x | 0.95x |
| 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 | -1.21 | 3.13 | 2.75 | 2.69 | 2.99 | 3.40 |
| Total Shareholders' Equity | -130.76M | -306.25M | 850.28M | 769.48M | 810.41M | 961.23M | 1.17B |
| Common Stock | 1K | 1K | 3K | 3K | 3K | 3K | 4K |
| Retained Earnings | -176.22M | -406.05M | -748.85M | -1.2B | -1.64B | -1.99B | -2.28B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 197K | 228K | -830K | -9.46M | 1.27M | -2.64M | 5.66M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Confluent, Inc. (CFLT) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -68.83M | -82.06M | -105.06M | -157.33M | -103.66M | 33.46M | 64.27M |
| 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 & Amortization | 1.2M | 1.57M | 3.63M | 7.62M | -28.59M | 22.09M | 29.56M |
| Stock-Based Compensation | 18.62M | 143.34M | 155.62M | 277.66M | 349.83M | 395.66M | 397.32M |
| Deferred Taxes | -394K | -1.33M | 1.33M | -237K | 1.89M | 277K | -18.7M |
| Other Non-Cash Items | 8.4M | 29.94M | 55.26M | 42.24M | 71.72M | 27.66M | -48.63M |
| Working Capital Changes | -1.62M | -25.75M | 21.89M | -32.06M | -55.76M | -67.17M | 0 |
| Change in Receivables | -27.12M | -41.61M | -32.52M | -42.08M | -53.59M | -86.56M | -79.72M |
| Change in Inventory | 0 | 0 | 18.9M | 0 | 0 | 0 | 0 |
| Change in Payables | 1.51M | -327K | 6.14M | 13.58M | -14.45M | 127K | 13.47M |
| Cash from Investing | 35.64M | -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 Revenue | 1.3% | 0.44% | 2.31% | 2.47% | 0.36% | 0.27% | 0.31% |
| Acquisitions | 0 | 0 | -5.34M | 10.33M | -55.8M | -115.52M | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -675K | -3.61M | 5.35M | -10.33M | -17.84M | -21.4M | -22.56M |
| Cash from Financing | 13.43M | 276.76M | 1.84B | 82.24M | 102.37M | 79.81M | 0 |
| Debt Issued (Net) | 0 | 0 | 1.08B | -786K | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 1000K | 1000K | -789K | -255K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -482K | -789K | -255K | 0 | 0 |
| Other Financing | 13.43M | 16.94M | -22.9M | 83.82M | 102.63M | 0 | 0 |
| 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 | -0.41 | 0.03 | 0.18 |
| FCF Conversion (FCF/Net Income) | 0.72x | 0.36x | 0.31x | 0.35x | 0.23x | -0.10x | -0.22x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 436K | 960K | 2.17M | 5.53M | 0 | 11.71M | 0 |
Confluent, Inc. (CFLT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 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 Margin | 67.04% | 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 | - | - | 1.32x | 1.45x | 1.37x | 1.15x | 0.95x |
| Interest Coverage | - | - | - | - | -125.99x | -110.30x | - |
| FCF Conversion | 0.72x | 0.36x | 0.31x | 0.35x | 0.23x | -0.10x | -0.22x |
| Revenue Growth | - | 57.92% | 63.95% | 51.07% | 32.6% | 24.03% | 21.08% |
Confluent, Inc. (CFLT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 17, 2026·SEC
Feb 25, 2026·SEC
Feb 12, 2026·SEC
Confluent, Inc. (CFLT) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
Confluent, Inc. (CFLT) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates