NASDAQ$CFLT
Confluent Inc. · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Confluent reported Q4 2025 revenue of $315M (+21% YoY) with non-GAAP operating margin of 8.8%.
Total revenue was $314.8 million with subscription revenue of $301.6 million (+20%). Non-GAAP operating income was $27.6 million (8.8% margin). Non-GAAP diluted EPS was $0.12. Confluent Cloud revenue grew 23% to $169 million; customers with $100k+ ARR rose 10% to 1,521.
- Q4 revenue $314.8M (+21%).
- Confluent Cloud $169M (+23%).
- Non-GAAP operating margin 8.8%.
- 1,521 customers with $100k+ ARR.
Headline financials
Revenue & EPS history
Confluent · Revenue · Quarterly
$315M
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
Management emphasizes data streaming platform leadership for core workloads and agentic AI use cases.
Tailwinds
- Margin expansion at scale continues.
- Adjusted free cash flow $35.5M in Q4.
- Partner ecosystem and DSP growth vectors.
Headwinds
- GAAP net loss per share still $(0.23).
- Competition in real-time data infrastructure.
- Enterprise deal timing can swing quarters.
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 2025
-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 | — | — | — |
Discussion
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