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CFLTConfluent, Inc.
$30.99$10.7B
Overview & Verdict
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CFLT logoConfluent, Inc.(CFLT)Earnings, Financials & Key Ratios

CFLT•NASDAQ
$30.99
Price updated Jun 20, 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%

CFLT Price & Volume

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

Loading chart...

Consumption Growth Inflection Amid Persistent Dilution Risks

Investment Thesis • Updated 2025Q4

VerdictNeutral
Growth:Decelerating
Profitability:Negative
Financial:Healthy
Cash Flow:Improving
Primary Risk:High Stock-Based Compensation Dilution

Key Thesis Takeaways

  • Confluent is successfully transitioning toward a self-funded operating model, evidenced by a shift to a 13.2% free cash flow margin in 2025Q4, though revenue growth has decelerated to 20.5% as the company matures.
  • While the firm maintains a robust liquidity position with a current ratio of 3.83, investors should remain cautious regarding the structural reliance on stock-based compensation, which consistently exceeds $100 million per quarter.
  • Long-term value creation will depend on the company's ability to scale its cloud-native streaming platform while mitigating the margin constraints imposed by high cloud hosting costs.

Verdict Logic

while the company has achieved a positive 13.2% free cash flow margin, the high valuation at a 60.63 forward P/E and persistent dilution from $101.6 million in quarterly stock-based compensation warrant a cautious approach.

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
Metric
Actual
Est
EPS
$0.12+21.0%
$0.10
Rev
$315M+2.2%
$308M
Q4 2025
Oct 27, 2025
Metric
Actual
Est
EPS
$0.13+30.0%
$0.10
Rev
$299M-3.1%
$308M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.09+12.5%
$0.08
Rev
$282M-3.6%
$293M
Q2 2025
Apr 30, 2025
Metric
Actual
Est
EPS
$0.08+14.3%
$0.07
Rev
$271M+2.5%
$264M
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 →

Latest CFLT News

Recent stock market news and headlines for Confluent, Inc. (CFLT)

GlobeNewsWire·Jun 16, 2026
Confluent Health Launches The Pain Perspective, Revealing a New National Portrait of Chronic Pain in America

LOUISVILLE, Ky. -- June 16, 2026, June 16, 2026 (GLOBE NEWSWIRE) -- Chronic pain is shaping how millions of Americans live, move, sleep, work, and recover. New findings from Confluent Health suggest the healthcare system may still be falling short in addressing it.

Peers Comparison

Key metrics vs top competitors for Confluent, Inc. (CFLT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CFLT logoCFLTConfluent, Inc.Current
$30.99$10.65B-36.0321.08%-25.31%-27.72%—
MQ logoMQMarqeta, Inc.
$15.93$1.56B-132.7523.25%0.33%0.27%—
DDOG logoDDOGDatadog, Inc.
$256.81$91.41B856.0327.68%3.69%3.78%—
DT logoDTDynatrace, Inc.
$45.11$13.15B83.5418.82%8.06%6%—
ESTC logoESTCElastic N.V.
$59.46$6.15B17.3417.26%21.14%37.43%—
GTLB logoGTLBGitLab Inc.
$32.59$5.5B-93.1125.81%-2.49%-2.54%—

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 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

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CFLT Frequently Asked Questions

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

Growth & Financials
What is Confluent, Inc.'s revenue?

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

How fast is Confluent, Inc. growing?

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

Is CFLT profitable?

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

Dividend & Returns
What is CFLT's return on equity?

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

What is Confluent, Inc.'s free cash flow?

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.

What if you invested $1,000 in CFLT back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →