NASDAQ$CFLT
Confluent Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Confluent's revenue increased significantly, driven by strong growth in Confluent Cloud and a high dollar-based net retention rate.
Confluent announced its Q3 2021 financial results, reporting a total revenue of $103 million, up 67% year-over-year. Confluent Cloud revenue grew by 245% year-over-year, reaching $27 million. The company's remaining performance obligations increased by 75% year-over-year to $385 million, and it had 664 customers with $100,000 or greater in ARR, a 48% increase year-over-year.
- Total revenue reached $103 million, a 67% increase year-over-year.
- Confluent Cloud revenue grew by 245% year-over-year to $27 million.
- Remaining performance obligations increased by 75% year-over-year to $385 million.
- Customers with $100,000 or greater in ARR increased by 48% year-over-year, reaching 664.
Headline financials
Revenue & EPS history
Confluent · Revenue · Quarterly
$103M
Revenue by segment
Confluent · $200M total across 2 segments · Q3 2023
- Subscription Revenue$189M+36.4%94.5%
- Services Revenue$10.9M-16.1%5.5%
Forward guidance
For the fourth quarter of 2021, Confluent expects total revenue of $108-$110 million and a non-GAAP operating loss of $(59)-$(57) million. For the full fiscal year 2021, Confluent expects total revenue of $376-$378 million and a non-GAAP operating loss of $(170)-$(168) million.
Tailwinds
- Total revenue is expected to be between $108 million and $110 million.
- Non-GAAP operating loss is projected to be between $(59) million and $(57) million.
- Non-GAAP net loss per share is expected to be between $(0.23) and $(0.21).
- Total revenue is anticipated to be between $376 million and $378 million for the full year.
- Non-GAAP operating loss is projected to be between $(170) million and $(168) million for the full year.
Headwinds
- Non-GAAP operating loss is expected for Q4 2021.
- Non-GAAP net loss per share is expected for Q4 2021.
- A reconciliation of forward-looking non-GAAP operating loss and non-GAAP net loss per share to the most directly comparable GAAP measures is not available without unreasonable effort.
- Stock-based compensation expense specific to equity compensation awards and employer payroll tax-related items on employee stock transactions are directly impacted by the timing of employee stock transactions and unpredictable fluctuations in our stock price.
- These factors are expected to have a significant impact on our future GAAP financial results.
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 Q3 2021
-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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