CFLT (CFLT)
Confluent, Inc.
NASDAQ:CFLTTechnology · Software - Infrastructure
Mkt Cap-
Float306.13M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.17B
Net Income-$295.27M
Total Assets$2.99B
Free Cash Flow$60.68M
Debt & Equity
Debt 49%
Equity 51%
Total Debt$1.11B
Total Equity$1.17B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CFLT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.99B
Liabilities$1.82B
Accounts Receivable$390.75M
Accounts Payable$20.71M
Inventory$0
PP&E (Net)$98.11M
Goodwill$164.41M
Intangible Assets$6.05M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $1.17B | $963.64M | $776.95M | $585.94M | $387.86M | $236.58M | $149.81M |
| YoY Growth | 21.1% | 24.0% | 32.6% | 51.1% | 63.9% | 57.9% | - |
| Cost of Revenue | $299.91M | $257.47M | $229.67M | $202.41M | $137.29M | $75.48M | $49.37M |
| Gross Profit | $866.84M | $706.17M | $547.28M | $383.53M | $250.57M | $161.1M | $100.44M |
| Gross Margin | 74.3% | 73.3% | 70.4% | 65.5% | 64.6% | 68.1% | 67.0% |
| Research and Development | $452.06M | $421.24M | $348.75M | $264.04M | $161.93M | $105.4M | $58.09M |
| Selling, General, and Administrative | $754.27M | $704.08M | $642.45M | $582.16M | $428.27M | $288.88M | $140.45M |
| Other | $0 | $0 | $34.85M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.21B | $1.13B | $1.03B | $846.2M | $590.19M | $394.28M | $198.54M |
| Operating Income (EBIT) | -$339.93M | -$419.15M | -$478.77M | -$462.67M | -$339.62M | -$233.18M | -$98.11M |
| Operating Margin | -29.1% | -43.5% | -61.6% | -79.0% | -87.6% | -98.6% | -65.5% |
| Interest Expense | $3.8M | $3.8M | $3.8M | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $2.02M | $4.11M | $2.49M |
| Other Income (Expense) | $39.24M | $84.49M | $72.1M | $16.42M | -$7K | $3.14M | $3.06M |
| Income Before Tax (EBT) | -$300.69M | -$334.66M | -$406.67M | -$446.26M | -$339.63M | -$230.03M | -$95.05M |
| Income Tax Expense | -$5.41M | $10.4M | $36.07M | $6.29M | $3.17M | -$207K | -$5K |
| Net Income | -$295.27M | -$345.06M | -$442.75M | -$452.55M | -$342.8M | -$229.83M | -$95.04M |
| Net Income Margin | -25.3% | -35.8% | -57.0% | -77.2% | -88.4% | -97.1% | -63.4% |
| Supplementary Data | |||||||
| EPS | -0.86 | -1.07 | -1.47 | -1.62 | -1.26 | -0.91 | -0.38 |
| Diluted EPS | -0.86 | -1.07 | -1.47 | -1.62 | -1.26 | -0.91 | -0.38 |
| Weighted Average OS | 343.80M | 321.86M | 300.73M | 280.08M | 271.80M | 252.37M | 252.37M |
| EBITDA | -$267.33M | -$308.77M | -$430.01M | -$438.64M | -$336M | -$231.61M | -$96.91M |
| EBITDA Margin | -22.9% | -32.0% | -55.3% | -74.9% | -86.6% | -97.9% | -64.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $347.21M | $385.98M | $349.76M | $435.78M | $1.38B | $36.79M | $18.95M |
| Short-Term Investments | $1.71B | $1.52B | $1.55B | $1.49B | $640.09M | $251.76M | $80.82M |
| Cash and Short-Term Investments | $2.05B | $1.91B | $1.9B | $1.93B | $2.02B | $288.55M | $99.77M |
| Accounts Receivable | $390.75M | $314.31M | $229.96M | $178.19M | $137.49M | $105.97M | $67.78M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $162.29M | $126.45M | $120.92M | $93.11M | $27.65M | $14.4M | $7.91M |
| Total Current Assets | $2.61B | $2.35B | $2.25B | $2.2B | $2.23B | $427.69M | $183.06M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $98.11M | $87.5M | $64.07M | $58.57M | $51.71M | $54.99M | $2.87M |
| Goodwill | $164.41M | $164.41M | $52M | $0 | $0 | $0 | $0 |
| Intangible Assets | $6.05M | $7.92M | $3.49M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $109.68M | $83.76M | $89.59M | $88.16M | $64.95M | $43.43M | $20.38M |
| Total Long-Term Assets | $378.26M | $343.59M | $209.15M | $146.72M | $116.66M | $98.42M | $23.25M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.99B | $2.69B | $2.46B | $2.34B | $2.34B | $526.12M | $206.32M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $20.71M | $7.53M | $6.71M | $21.44M | $7.59M | $1.65M | $1.77M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $43.25M | $9.16M | $10.35M | $8.68M | $6.76M | $2.2M |
| Current Unearned Revenue | $468.98M | $378.77M | $330.57M | $290.19M | $220.92M | $142.9M | $84.16M |
| Other Current Liabilities | $152.09M | $110.49M | $99.53M | $60.13M | $70.57M | $14.59M | $11.09M |
| Total Current Liabilities | $680.61M | $589.25M | $487.02M | $424.33M | $348.19M | $193.8M | $114.95M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $1.1B | $1.09B | $1.09B | $1.08B | $1.08B | $0 | $0 |
| Long-Term Unearned Revenue | $29.66M | $30.43M | $22.44M | $32.64M | $25.56M | $16.29M | $10.96M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.47M | $12.72M | $35.23M | $8.76M | $6.36M | $581.84M | $211.18M |
| Total Long-Term Liabilities | $1.14B | $1.14B | $1.16B | $1.15B | $1.14B | $638.57M | $222.14M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.82B | $1.73B | $1.65B | $1.58B | $1.49B | $832.37M | $337.08M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4K | $3K | $3K | $3K | $3K | $1K | $1K |
| Retained Earnings | -$2.28B | -$1.99B | -$1.64B | -$1.2B | -$748.85M | -$406.05M | -$176.22M |
| Comprehensive Income & Other | $5.66M | -$2.64M | $1.27M | -$9.46M | -$830K | $228K | $197K |
| Other Stockholders' Equity | $3.45B | $2.95B | $2.45B | $1.97B | $1.6B | $99.8M | $45.46M |
| Total Equity | $1.17B | $961.23M | $810.41M | $769.48M | $850.28M | -$306.25M | -$130.76M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.99B | $2.69B | $2.46B | $2.34B | $2.34B | $526.12M | $206.32M |
| Supplementary Data | |||||||
| Total Debt | $1.11B | $1.11B | $1.11B | $1.12B | $1.12B | $50.93M | $0 |
| Net Debt | $758.16M | $724M | $763.83M | $681.23M | -$254.35M | $14.14M | -$18.95M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$295.27M | -$345.06M | -$442.75M | -$452.55M | -$342.8M | -$229.83M | -$95.04M |
| Depreciation & Amortization | $29.56M | $22.09M | $13.91M | $7.62M | $3.63M | $1.57M | $1.2M |
| Deferred Income Tax | -$18.7M | $277K | $1.89M | -$237K | $1.33M | -$1.33M | -$394K |
| Stock-Based Compensation | $397.32M | $395.66M | $349.83M | $277.66M | $155.62M | $143.34M | $18.62M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$79.72M | -$86.56M | -$53.59M | -$42.08M | -$32.52M | -$41.61M | -$27.12M |
| Inventory | $0 | $0 | $0 | $0 | $18.9M | $0 | $0 |
| Accounts Payable | $13.47M | $127K | -$14.45M | $13.58M | $6.14M | -$327K | $1.51M |
| Other Working Capital | -$32.22M | $19.27M | $12.29M | -$3.56M | $29.36M | $16.19M | $23.99M |
| Total Working Capital Change | -$98.47M | -$67.17M | -$55.76M | -$32.06M | $21.89M | -$25.75M | -$1.62M |
| Other Non-Cash Items | $49.84M | $27.66M | $29.21M | $42.24M | $55.26M | $29.94M | $8.4M |
| Net Cash from Operating | $64.27M | $33.46M | -$103.66M | -$157.33M | -$105.06M | -$82.06M | -$68.83M |
| Investing Activities | |||||||
| Capital Expenditures | -$3.6M | -$2.57M | -$2.83M | -$14.46M | -$8.94M | -$1.04M | -$1.95M |
| Acquisitions | $0 | -$115.52M | -$55.8M | $10.33M | -$5.34M | $0 | $0 |
| Purchases of Investments | -$1.64B | -$1.54B | -$1.59B | -$2.05B | -$663.6M | -$329.62M | -$65.98M |
| Sales of Investments | $1.48B | $1.61B | $1.58B | $1.2B | $271.94M | $157.41M | $104.25M |
| Other Investing Activities | -$22.56M | -$21.4M | -$17.84M | -$10.33M | $5.35M | -$3.61M | -$675K |
| Net Cash from Investing | -$185M | -$74.98M | -$84.85M | -$865.8M | -$400.58M | -$176.86M | $35.64M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | $786K | -$1.08B | - | - |
| Common Stock Issuance | $81.19M | $79.81M | $0 | $0 | $786.6M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$255K | -$789K | -$482K | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $102.63M | $83.82M | -$22.9M | $16.94M | $13.43M |
| Net Cash from Financing | $81.19M | $79.81M | $102.37M | $82.24M | $1.84B | $276.76M | $13.43M |
| Forex Effect | $775K | -$2.07M | $116K | -$4K | $5K | -$7K | -$85K |
| Net Change in Cash | -$38.77M | $36.22M | -$86.02M | -$940.9M | $1.34B | $17.84M | -$19.85M |
| Supplementary Data | |||||||
| Operating Cash Flow | $64.27M | $33.46M | -$103.66M | -$157.33M | -$105.06M | -$82.06M | -$68.83M |
| Capital Expenditure | -$3.6M | -$23.97M | -$20.68M | -$14.46M | -$8.94M | -$4.65M | -$2.93M |
| Free Cash Flow | $60.68M | $9.49M | -$124.34M | -$171.79M | -$114M | -$86.71M | -$71.76M |
| Cash at Beginning | $385.98M | $349.76M | $435.78M | $1.38B | $37.81M | $19.97M | $39.82M |
| Cash at End | $347.21M | $385.98M | $349.76M | $435.78M | $1.38B | $37.81M | $19.97M |