NASDAQ$CFLT
Confluent Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Confluent's first quarter of 2022 resulted in revenue growth and exceeded guidance metrics.
Confluent announced strong first-quarter results, with total revenue of $126 million, up 64% year-over-year. Confluent Cloud revenue grew by 180% year-over-year. The company is raising its 2022 guidance and remains committed to driving high growth and annual improvement in both non-GAAP operating and free cash flow margin.
- Total revenue reached $126 million, a 64% increase year-over-year.
- Confluent Cloud revenue was $39 million, reflecting a 180% year-over-year growth.
- Remaining performance obligations (RPO) amounted to $551 million, up 96% year-over-year.
- The company had 791 customers with $100,000 or greater in ARR, a 41% increase year-over-year.
Headline financials
Revenue & EPS history
Confluent · Revenue · Quarterly
$126M
Revenue by segment
Confluent · $126M total across 2 segments · Q1 2022
- Subscription Revenue$114M—90.3%
- Services Revenue$12.2M—9.7%
Forward guidance
Confluent expects revenue between $130 million and $132 million for Q2 2022. They anticipate a non-GAAP operating margin of approximately -41% and a non-GAAP net loss per share between $(0.21) and $(0.19). For the full year 2022, they expect revenue between $554 million and $560 million, a non-GAAP operating margin of approximately -38%, and a non-GAAP net loss per share between $(0.79) and $(0.73).
Tailwinds
- Total Revenue $130-$132 million for Q2 2022
- Total Revenue $554-$560 million for FY 2022
- Non-GAAP Operating Margin ~ (41%) for Q2 2022
- Non-GAAP Operating Margin ~ (38%) for FY 2022
- Non-GAAP Net Loss Per Share $(0.21)-$(0.19) for Q2 2022
Headwinds
- Non-GAAP Operating Margin ~ (41%) for Q2 2022
- Non-GAAP Operating Margin ~ (38%) for FY 2022
- Non-GAAP Net Loss Per Share $(0.21)-$(0.19) for Q2 2022
- Non-GAAP Net Loss Per Share $(0.79)-$(0.73) for FY 2022
- A reconciliation of forward-looking non-GAAP operating margin and non-GAAP net loss per share to the most directly comparable GAAP measures is not available without unreasonable effort
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+1.4%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+38.7%
Q4 2023
Best reaction
-43.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +0.1% | +0.6% | +0.6% | |
| Q3 2025 | +7.8% | +6.2% | -1.0% | |
| Q2 2025 | -32.8% | -35.0% | -24.8% | |
| Q1 2025 | -18.4% | -17.1% | -3.3% | |
| Q4 2024 | +25.1% | +15.8% | -12.4% | |
| Q3 2024 | +13.6% | +15.6% | +33.9% | |
| Q2 2024 | -15.1% | -23.1% | -12.6% | |
| Q1 2024 | +9.6% | +2.8% | -9.4% | |
| Q4 2023 | +38.7% | +34.2% | +38.7% | |
| Q3 2023 | -43.7% | -39.0% | -21.0% | |
| Q2 2023 | +8.6% | +3.9% | +0.2% | |
| Q1 2023 | +13.2% | +10.6% | +68.6% | |
| Q4 2022 | -1.7% | +0.8% | +5.7% | |
| Q3 2022 | -12.2% | -19.8% | -12.1% | |
| Q2 2022 | +20.5% | +25.0% | -7.9% | |
| Q1 2022 | -29.1% | -41.0% | -35.2% | |
| Q4 2021 | -23.7% | -23.2% | -58.5% | |
| Q3 2021 | +22.3% | +17.5% | -5.1% | |
| Q4 2020 | +6.9% | +21.6% | +42.2% | |
| Q2 2021 | +6.9% | +21.6% | +42.2% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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