NASDAQ$CFLT
Confluent Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Confluent's Q4 2023 financial results were announced, revealing a strong close to the fiscal year with significant growth in Confluent Cloud revenue and subscription revenue.
Confluent reported a 26% year-over-year increase in total revenue for Q4 2023, reaching $213 million. Confluent Cloud revenue grew by 46% year over year, marking the first $100 million quarter for Confluent Cloud. The company achieved a positive non-GAAP operating margin in Q4.
- Total revenue for Q4 2023 reached $213 million, a 26% increase year-over-year.
- Subscription revenue for Q4 2023 grew by 31% year-over-year, amounting to $203 million.
- Confluent Cloud revenue for Q4 2023 increased by 46% year-over-year, reaching $100 million.
- The company reported 1,229 customers with $100,000 or greater in ARR, a 21% increase year-over-year.
Headline financials
Revenue & EPS history
Confluent · Revenue · Quarterly
$213M
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 Q1 2024, Confluent anticipates total revenue between $211 million and $212 million, subscription revenue between $199 million and $200 million, a non-GAAP operating margin of approximately negative 4%, and non-GAAP net income per diluted share between $0.00 and $0.02. For fiscal year 2024, the company expects total revenue of approximately $950 million, a non-GAAP operating margin of approximately 0%, and non-GAAP net income per diluted share of approximately $0.17.
Tailwinds
- Total revenue between $211 million and $212 million for Q1 2024
- Subscription revenue between $199 million and $200 million for Q1 2024
- Non-GAAP operating margin of approximately negative 4% for Q1 2024
- Non-GAAP net income per diluted share between $0.00 to $0.02 for Q1 2024
- Total revenue of approximately $950 million for fiscal year 2024
Headwinds
- Non-GAAP operating margin of approximately 0% for fiscal year 2024
- Non-GAAP net income per diluted share of approximately $0.17 for fiscal year 2024
- Uncertainty in predicting stock-based compensation expense
- Uncertainty in predicting employer payroll tax-related items on employee stock transactions
- Impact of employee stock transactions and stock price fluctuations on 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 Q4 2023
-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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