A Business at a Glance
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Confluent is pioneering the Data Streaming Platform category, setting data in motion to power the world’s real-time operations, analytics, and artificial intelligence (“AI”). We have established a new category of data infrastructure and built a comprehensive platform that enables organizations to stream, connect, process, and govern data in motion across their entire enterprise. The Data Streaming Platform is designed to serve as the intelligent connective tissue linking all of the applications, systems, and data layers within the company into a single central nervous system of real-time streams of data. As the Data Streaming Platform emerges as one of the most strategic parts of the next-generation technology stack, it unifies businesses’ operational and analytical estates, enabling modern companies to serve their customers, improve their offerings, outpace their competition, and win in a digital-first and AI-powered world.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 964M | 777M | 586M | 388M |
| Net Income | -295M | -295M | -345M | -443M | -453M | -343M |
| EPS | $-0.86 | $-0.86 | $-1.07 | $-1.47 | $-1.62 | $-1.82 |
| Free Cash Flow | 61M | 61M | 31M | -106M | -161M | -109M |
| ROIC | -15.6% | -13.7% | -17.5% | -23.6% | -23.9% | -42.2% |
| Gross Margin | 74.3% | 74.3% | 73.3% | 70.4% | 65.5% | 64.6% |
| Debt/Equity | 0.95 | 0.95 | 1.15 | 1.37 | 1.45 | 1.32 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -380M | -380M | -419M | -479M | -463M | -340M |
| Operating Margin | -32.6% | -32.6% | -43.5% | -61.6% | -79.0% | -87.6% |
| ROE | -25.3% | -27.7% | -39.0% | -56.0% | -55.9% | -126.0% |
| Shares Outstanding | 343M | 343M | 322M | 301M | 279M | 188M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 150M | 237M | 388M | 586M | 777M | 964M | 1.2B | 1.2B |
| Gross Margin | 67.0% | 68.1% | 64.6% | 65.5% | 70.4% | 73.3% | 74.3% | 74.3% |
| R&D | 58M | 105M | 162M | 264M | 349M | 421M | 482M | 482M |
| SG&A | 25M | 123M | 109M | 126M | 138M | 157M | 173M | 173M |
| EBIT | -98M | -233M | -340M | -463M | -479M | -419M | -380M | -380M |
| Op. Margin | -65.5% | -98.6% | -87.6% | -79.0% | -61.6% | -43.5% | -32.6% | -32.6% |
| Net Income | -95M | -230M | -343M | -453M | -443M | -345M | -295M | -295M |
| Net Margin | -63.4% | -97.1% | -88.4% | -77.2% | -57.0% | -35.8% | -25.3% | -25.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 35M | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | -44.3% | -42.2% | -23.9% | -23.6% | -17.5% | -13.7% | -15.6% |
| ROE | N/A | N/A | -126.0% | -55.9% | -56.0% | -39.0% | -27.7% | -25.3% |
| ROA | N/A | -86.4% | -23.9% | -19.3% | -18.4% | -13.4% | -10.4% | -9.9% |
| Cash Flow | ||||||||
| Op. Cash Flow | -69M | -82M | -105M | -157M | -104M | 33M | 64M | 64M |
| Free Cash Flow | -71M | -83M | -109M | -161M | -106M | 31M | 61M | 61M |
| Owner Earnings | -89M | -228M | -266M | -447M | -479M | -406M | -401M | -401M |
| CapEx | 2.0M | 1.0M | 3.6M | 4.1M | 2.8M | 2.6M | 3.6M | 3.6M |
| Maint. CapEx | 1.2M | 2.6M | 5.1M | 12M | 25M | 44M | 68M | 68M |
| Growth CapEx | 752K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 1.2M | 2.6M | 5.1M | 12M | 25M | 44M | 68M | 68M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 7.7% | 5.6% | 5.6% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 482K | 789K | 255K | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.0% | 0.0% | 0.0% | N/A | N/A | 0.0% |
| Stock-Based Comp | 19M | 143M | 156M | 278M | 350M | 396M | 397M | 397M |
| Debt Repayment | 0 | 0 | 0 | 786K | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | -238M | -894M | -810M | -787M | -801M | -949M | 758M |
| Cash & Equiv. | 19M | 37M | 1.4B | 436M | 350M | 386M | 347M | 347M |
| Long-Term Debt | N/A | 0 | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Debt/Equity | N/A | -0.17 | 1.32 | 1.45 | 1.37 | 1.15 | 0.95 | 0.95 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | -131M | -306M | 850M | 769M | 810M | 961M | 1.2B | 1.2B |
| Total Assets | N/A | 526M | 2.3B | 2.3B | 2.5B | 2.7B | 3.0B | 3.0B |
| Total Liabilities | N/A | 258M | 1.5B | 1.6B | 1.7B | 1.7B | 1.8B | 1.8B |
| Intangibles | N/A | N/A | N/A | 0 | 3.5M | 7.9M | 6.1M | 6.1M |
| Retained Earnings | N/A | -406M | -749M | -1.2B | -1.6B | -2.0B | -2.3B | -2.3B |
| Working Capital | N/A | 234M | 1.9B | 1.8B | 1.8B | 1.8B | 1.9B | 1.9B |
| Current Assets | N/A | 428M | 2.2B | 2.2B | 2.3B | 2.4B | 2.6B | 2.6B |
| Current Liabilities | N/A | 194M | 348M | 424M | 487M | 589M | 681M | 681M |
| Per Share Data | ||||||||
| EPS | -0.99 | -2.21 | -1.82 | -1.62 | -1.47 | -1.07 | -0.86 | -0.86 |
| Owner EPS | -0.92 | -2.19 | -1.41 | -1.60 | -1.59 | -1.26 | -1.17 | -1.17 |
| Book Value | -1.36 | -2.94 | 4.51 | 2.75 | 2.69 | 2.98 | 3.41 | 3.41 |
| Cash Flow/Share | -0.72 | -0.79 | -0.56 | -0.56 | -0.34 | 0.10 | 0.19 | -0.66 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 96.0M | 104.0M | 188.4M | 279.4M | 301.2M | 322.5M | 343.3M | 343.3M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -35.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 301.6 | 170.4 | 174.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 16.6 | 7.6 | 9.0 | 9.7 | 8.8 | 9.0 |
| Price/Sales | N/A | N/A | 29.7 | 15.7 | 10.5 | 8.9 | 7.1 | 9.0 |
| FCF Yield | N/A | N/A | -0.8% | -2.8% | -1.5% | 0.3% | 0.6% | 0.6% |
| Market Cap | N/A | N/A | 14.1B | 5.8B | 7.3B | 9.3B | 10.3B | 10.6B |
| Avg. Price | N/A | N/A | 61.19 | 32.98 | 27.17 | 26.49 | 24.14 | 30.75 |
| Year-End Price | N/A | N/A | 74.96 | 20.93 | 24.23 | 28.89 | 30.11 | 30.75 |
Confluent, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 69.6%.
Confluent, Inc. (CFLT) has a 5-year average return on invested capital (ROIC) of -24.2%. This is below average and may indicate limited pricing power.
Confluent, Inc. (CFLT) has a market capitalization of $10.6B. It is classified as a large-cap stock.
Confluent, Inc. (CFLT) does not currently pay a regular dividend.
Confluent, Inc. (CFLT) operates in the Services-Prepackaged Software industry, within the Technology sector.
Confluent, Inc. (CFLT) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Confluent, Inc. (CFLT) has a net profit margin of -25.3%. The company is currently unprofitable.
Confluent, Inc. (CFLT) generated $61 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Confluent, Inc. (CFLT) has a debt-to-equity ratio of 0.95. This indicates moderate leverage.
Confluent, Inc. (CFLT) reported earnings per share (EPS) of $-0.86 in its most recent fiscal year.
Confluent, Inc. (CFLT) has a return on equity (ROE) of -27.7%. A negative ROE may indicate losses or negative equity.
Confluent, Inc. (CFLT) has a 5-year average gross margin of 69.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for Confluent, Inc. (CFLT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Confluent, Inc. (CFLT) has a book value per share of $3.41, based on its most recent annual SEC filing.