Confluent Reports Impressive Financial Growth for FY 2024

Author: Ryan Hughes Updated: 02-11-2025 04:38 PM

Confluent Financial Performance Overview

Confluent, Inc. (NASDAQ: CFLT), a leader in the data streaming sector, has reported strong financial results for its fourth quarter and fiscal year 2024, closing a successful year.

Fourth Quarter Highlights

Confluent's fourth quarter performance was marked by robust metrics, including a remarkable 38% surge in Confluent Cloud revenue year-over-year. This achievement reflects the company’s strategic focus on enhancing its cloud offerings to meet the growing demand for data streaming capabilities.

“We closed the year with a strong Q4, highlighted by beating all guided metrics,” stated Jay Kreps, CEO of Confluent. “The increasing significance of data streaming platforms for mission-critical and real-time AI applications is clear, and we are dedicated to maintaining our position as a market leader in 2025.”

Key Financial Metrics for Q4 2024

Subscription Revenue: $250.6 million (up 24% from Q4 2023)
Total Revenue: $261.2 million (up 23% from Q4 2023)
GAAP Operating Loss: $(105.8) million
Non-GAAP Operating Income: $13.6 million
Free Cash Flow: $29.1 million
Free Cash Flow Margin: 11.1%

Fiscal Year 2024 Performance

The full-year results also showcased substantial growth, driven primarily by subscription revenue which reached $922.1 million, marking a significant increase of 26% from the previous fiscal year. Confluent continues to leverage its innovative offerings to solidify its market position.

Yearly Financial Highlights

Total Revenue: $963.6 million (up 24% from FY 2023)
GAAP Operating Loss: $(419.1) million
Non-GAAP Operating Income: $27.5 million
Free Cash Flow: $9.5 million
Free Cash Flow Margin: 1.0%

Outlook for FY 2025

Confluent has provided guidance for the upcoming first quarter and fiscal year 2025, projecting subscription revenue between $253 million to $254 million, with total revenue expectations of $1.117 billion to $1.121 billion.

“We are well-positioned to achieve our growth and profitability targets for 2025, which reflects the ongoing adoption of our data streaming platform,” added Rohan Sivaram, CFO of Confluent.

Projected Financials for Q1 and FY 2025

Subscription Revenue: $253-$254 million
Non-GAAP Operating Margin: ~3%
Non-GAAP Net Income Per Diluted Share: $0.06-$0.07

About Confluent

Confluent is transforming the data streaming landscape with its platform that enables organizations to connect and stream data seamlessly across their infrastructures. Its solutions empower companies to harness real-time data for improved customer experiences and operational efficiency.

Frequently Asked Questions

What is Confluent, Inc. known for?

Confluent is a leading data streaming platform that offers solutions to process and manage real-time data integrations effectively.

What were Confluent's total revenues for FY 2024?

The company's total revenue for FY 2024 was $963.6 million.

How much did Confluent grow its subscription revenue?

Confluent achieved a 26% increase in subscription revenue, reaching $922.1 million for FY 2024.

What does the future hold for Confluent?

Confluent is optimistic about its growth trajectory, projecting strong revenue for FY 2025 amid evolving market demands.

Where can I learn more about Confluent?

More information about Confluent and its offerings can be found on the company's official website.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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