Confluent, Inc.(CFLT) Stock Research - Grey Stern Research
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Confluent, Inc. (CFLT) Stock Analysis

$20.66 (1.67%)

CFLT Financial Performance


Use the table below to view Confluent, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $20.32 -
52 Week Low $14.69 -
52 Week High $35.07 -
Market Cap $6.4 Billion 4/6
Gross Margin 72% 4/6
Profit Margin -38% 6/6
EBITDA margin -44% 6/6
Q2 - 2024 Revenue $235.0 Million 1/6
Q2 - 2024 Earnings -$89.9 Million 6/6
Q2 - 2024 Free Cash Flow $2.7 Million 5/6
Trailing 4 Quarters Revenue $865.6 Million 1/6
Trailing 4 Quarters Earnings -$369.6 Million 6/6
Quarterly Earnings Growth 13% 6/6
Annual Earnings Growth 34% 4/6
Quarterly Revenue Growth 24% 4/6
Annual Revenue Growth 22% 3/6
Cash On Hand $311.3 Million 4/6
Short Term Debt $10.6 Million 3/6
Long Term Debt $1.1 Billion 2/6

Confluent, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Confluent, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 4/6
PS 7.45 5/6
PB 7.38 4/6
PC 20.71 3/6
Liabilities to Equity 1.89 1/6
ROA -0.15 5/6
ROE -0.42 5/6
Current Ratio 1.53 5/6
Quick Ratio 1.17 5/6
Long Term Debt to Equity 1.25 1/6
Debt to Equity 1.27 1/6
Burn Rate 2.29 3/6
Cash to Cap 0.05 3/6
CCR -0.03 5/6
EV to EBITDA -70.85 3/6
EV to Revenue 8.38 5/6

Company Details

Confluent, 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.

CEO: Mr. Edward Kreps

Website: https://www.confluent.io

Address: 899 West Evelyn Mountain View, CA

Exchange: NASDAQ Global Select

Industry: Software—Infrastructure

Confluent, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Confluent, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
DigitalOcean Holdings, Inc. DOCN $3.9 Billion
Global-e Online Ltd. GLBE $6.3 Billion
Doximity, Inc. DOCS $7.5 Billion
monday.com Ltd. MNDY $13.7 Billion
GitLab Inc. GTLB $8.4 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
CFLT Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 235.0 Million -$89.9 Million
Q1 2024 $ 217.2 Million -$93.0 Million
Q4 2023 $ 213.2 Million -$94.1 Million
Q3 2023 $ 200.2 Million -$92.7 Million
Q2 2023 $ 189.3 Million -$103.4 Million
Q1 2023 $ 174.3 Million -$152.6 Million
Q4 2022 $ 168.7 Million -$105.9 Million
Q3 2022 $ 151.7 Million -$116.0 Million

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CFLT Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $311.3 Million $2.5 Billion $1.1 Billion $873.9 Million
Q1 2024 $336.4 Million $2.4 Billion $1.1 Billion $845.2 Million
Q4 2023 $349.8 Million $2.5 Billion $1.1 Billion $810.4 Million
Q3 2023 $317.0 Million $2.4 Billion $1.1 Billion $789.1 Million
Q2 2023 $312.6 Million $2.3 Billion $1.1 Billion $761.4 Million
Q1 2023 $343.5 Million $2.3 Billion $1.1 Billion $744.9 Million
Q4 2022 $435.8 Million $2.3 Billion $1.1 Billion $769.5 Million
Q3 2022 $503.4 Million $2.3 Billion $1.1 Billion $783.9 Million

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CFLT Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $2.7 Million -$5.9 Million -$25.0 Million
Q1 2024 -$31.7 Million -$5.7 Million -$13.4 Million
Q4 2023 $11.1 Million -$1.1 Million $31.3 Million
Q3 2023 -$13.1 Million -$4.0 Million $4.4 Million
Q2 2023 -$35.2 Million -$6.1 Million -$30.8 Million
Q1 2023 -$82.9 Million -$5.1 Million -$92.3 Million
Q4 2022 -$30.9 Million -$3.8 Million -$68.4 Million
Q3 2022 -$45.6 Million -$3.8 Million -$26.3 Million

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