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Confluent, Inc. (CFLT)
:CFLT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 27 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 8.11%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by Confluent, with significant growth in subscription revenue and the achievement of non-GAAP profitability for the first time. The major partnership with Databricks and robust customer growth underscore the positive momentum. However, there are minor concerns related to deferred revenue timing and a one-time free cash flow impact.Company Guidance
During the Confluent Q4 and Fiscal Year 2024 earnings call, management reported surpassing all guided metrics. Subscription revenue increased by 24% to $251 million, and Confluent Cloud revenue grew by 38% to $138 million. The company's non-GAAP operating margin stood at 5%, marking the third consecutive positive quarter. Fiscal Year 2024 subscription revenue rose by 26% to $922.1 million, with a non-GAAP operating margin improvement of 10 percentage points to 2.9%. For FY 2025, the company anticipates subscription revenue between $1.117 billion to $1.121 billion, reflecting a growth of 21% to 22%, and a non-GAAP operating margin of approximately 6%.Exceeding Guided Metrics
Confluent exceeded all guided metrics for the quarter. Subscription revenue grew by 24% to $251 million, Confluent Cloud revenue increased by 38% to $138 million, and the non-GAAP operating margin was 5%.
Major Partnership with Databricks
Confluent announced a major expansion of its strategic partnership with Databricks. The integration aims to empower enterprises with real-time data for AI-driven decision-making.
First Non-GAAP Profitable Year
Fiscal Year 2024 marked Confluent's first non-GAAP profitable year, with a subscription revenue increase of 26% to $922.1 million.
Strong Customer Growth
Confluent ended fiscal year 2024 with approximately 5,800 customers, representing an increase of 840 customers year over year.
Robust Expansion in Large Customers
The company grew its 100K+ ARR customer count to 1,381, an increase of 12% from a year ago, representing approximately 90% of revenue.
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CFLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CFLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $30.10 | $37.65 | +25.08% |
| Oct 30, 2024 | $23.07 | $26.17 | +13.44% |
| Jul 31, 2024 | $25.02 | $20.63 | -17.55% |
| May 07, 2024 | $27.83 | $31.38 | +12.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Confluent, Inc. (CFLT) report earnings?
Confluent, Inc. (CFLT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Confluent, Inc. (CFLT) earnings time?
Confluent, Inc. (CFLT) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CFLT EPS forecast?
CFLT EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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