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Confluent, Inc. Stock Research

CFLT

20.82USD+0.02(+0.10%)Market Closed

Market Summary

USD20.82+0.02
Market Closed
0.10%

CFLT Alerts

CFLT Stock Price

CFLT RSI Chart

CFLT Valuation

Market Cap

5.9B

Price/Earnings (Trailing)

-12.99

Price/Sales (Trailing)

10.03

EV/EBITDA

-14.87

Price/Free Cashflow

-36.4

CFLT Price/Sales (Trailing)

CFLT Profitability

EBT Margin

-76.16%

Return on Equity

-58.81%

Return on Assets

-19.3%

Free Cashflow Yield

-2.75%

CFLT Fundamentals

CFLT Revenue

Revenue (TTM)

585.9M

Revenue Y/Y

40.64%

Revenue Q/Q

11.16%

CFLT Earnings

Earnings (TTM)

-452.6M

Earnings Y/Y

7.48%

Earnings Q/Q

8.76%

Price Action

52 Week Range

16.4844.97
(Low)(High)

Last 7 days

-3.7%

Last 30 days

-14.0%

Last 90 days

-0.8%

Trailing 12 Months

-47.5%

CFLT Financial Health

Current Ratio

5.18

Debt/Equity

1.41

Debt/Cashflow

-0.15

CFLT Investor Care

Shares Dilution (1Y)

8.92%

Diluted EPS (TTM)

-1.62

Financials for Confluent

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue9.1%585,944,000537,206,000488,044,000436,975,000387,864,000
Gross Profit11.9%383,529,000342,594,000309,313,000277,744,000250,572,000
Operating Expenses5.3%846,203,000803,963,000746,533,000683,702,000590,192,000
  S&GA Expenses5.1%456,452,000434,393,000407,072,000367,524,000319,331,000
  R&D Expenses6.1%264,041,000248,918,000226,520,000195,273,000161,925,000
EBITDA2.6%-438,658,000-450,367,000-432,250,000-403,207,000-335,995,000
EBITDA Margin10.7%-0.75-0.84-0.89-0.92-0.87
Earnings Before Taxes2.3%-446,258,000-456,609,000-437,410,000-407,289,000-339,627,000
EBT Margin10.4%-0.76-0.85-0.90-0.93-0.88
Net Income1.9%-452,551,000-461,106,000-440,723,000-411,262,000-342,801,000
Net Income Margin10.0%-0.77-0.86-0.90-0.94-0.88
Free Cahsflow-1.8%-161,454,000-158,610,000-134,406,000-143,946,000-108,660,000
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.3%2,3452,3142,3252,3182,343
  Current Assets1.1%2,1982,1752,1922,1952,226
    Cash Equivalents-13.4%4365035301,0481,376
  Net PPE13.4%29.0026.0022.0018.0014.00
Liabilities3.0%1,5751,5301,5281,4811,492
  Current Liabilities12.1%424379376331348
  Long Term Debt0.1%1,0841,0831,0821,081-
Shareholder's Equity-1.8%769784797836850
  Retained Earnings-9.7%-1,201-1,095-979-861-748
  Additional Paid-In Capital4.6%1,9801,8921,7861,7031,600
Accumulated Depreciation25.8%10.008.006.005.00-
Shares Outstanding1.4%282278273--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-2.1%-157-154-130-140-105
  Share Based Compensation6.9%278260234200156
Cashflow From Investing14.5%-865-1,012-1,267-726-400
Cashflow From Financing-92.4%82.001,0871,0671,8701,845

Risks for CFLT

What is the probability of a big loss on CFLT?

75%


Probability that Confluent stock will be more than 20% underwater in next one year

73.9%


Probability that Confluent stock will be more than 30% underwater in next one year.

63.0%


Probability that Confluent stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CFLT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Confluent was unfortunately bought at previous high price.

Drawdowns

Returns for CFLT

Cumulative Returns on CFLT

Which funds bought or sold CFLT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
reduced
-2.56
-16,170
166,978
-%
2023-03-23
ETF MANAGERS GROUP, LLC
added
21.4
50,384
424,384
0.02%
2023-03-17
American Portfolios Advisors
new
-
4,754
4,754
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
122
389,086
747,086
-%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-
3,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-
-79,063
1,144,940
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
0.01
-123,787
1,795,210
-%
2023-02-24
NATIXIS
sold off
-100
-1,781,000
-
-%
2023-02-21
MACQUARIE GROUP LTD
new
-
1,570,000
1,570,000
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-58.9
-7,863
5,137
-%

1–10 of 36

Latest Funds Activity

Are funds buying CFLT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CFLT
No. of Funds

Confluent News

Simply Wall St

Institutional owners may consider drastic measures as Confluent, Inc.'s (NASDAQ:CFLT) recent US$236m drop adds to long-term losses.

Simply Wall St,
13 hours ago

Nasdaq

Investor's Business Daily

Schedule 13G FIlings of Confluent

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
gilder gagnon howe & co llc
0.8%
1,159,936
SC 13G/A
Feb 14, 2023
kreps edward jay
9.5%
27,313,289
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
6.9%
10,538,252
SC 13G/A
Feb 14, 2023
sc us (ttgp), ltd.
4.7%
7,589,341
SC 13G/A
Feb 14, 2023
benchmark capital partners viii, l.p.
6.3%
10,259,605
SC 13G/A
Feb 14, 2023
altimeter capital management, lp
8.45%
12,995,374
SC 13G/A
Feb 14, 2023
coatue management llc
0.6%
964,582
SC 13G/A
Feb 14, 2023
lone pine capital llc
0%
0
SC 13G/A
Feb 13, 2023
index ventures vii (jersey), l.p.
8.7%
14,681,573
SC 13G/A
Feb 09, 2023
jpmorgan chase & co
10.0%
15,439,513
SC 13G/A

CFLT Fair Value

Recent SEC filings of Confluent

View All Filings
Date Filed Form Type Document
Mar 23, 2023
4
Insider Trading
Mar 23, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 02, 2023
40-APP/A
40-APP/A
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading

Latest Insider Trading transactions for CFLT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-21
Liu Ying Christina
sold
-9,032
22.58
-400
chief accounting officer
2023-03-21
Verbowski Chad
sold
-134,328
22.58
-5,949
chief technology officer
2023-03-06
Kreps Edward Jay
sold
-6,080,080
26.1509
-232,500
chief executive officer
2023-03-06
Kreps Edward Jay
acquired
-
-
232,500
chief executive officer
2023-03-02
Tomlinson Steffan
sold
-118,830
23.2
-5,122
chief financial officer
2023-02-27
Schultz Erica
acquired
-
-
343,018
president, field operations
2023-02-27
Tomlinson Steffan
acquired
-
-
211,599
chief financial officer
2023-02-27
Buscemi Stephanie
acquired
-
-
80,710
chief marketing officer
2023-02-27
Verbowski Chad
acquired
-
-
141,242
svp of engineering
2023-02-27
Liu Ying Christina
acquired
-
-
100,887
chief accounting officer

1–10 of 50

Edward J. Kreps
1980
Confluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.

CFLT Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Total revenue$ 585,944$ 387,864$ 236,577
Cost of revenue:   
Total cost of revenue202,415137,29275,476
Gross profit383,529250,572161,101
Operating expenses:   
Research and development264,041161,925105,399
Sales and marketing456,452319,331166,361
General and administrative125,710108,936122,516
Total operating expenses846,203590,192394,276
Operating loss(462,674)(339,620)(233,175)
Other income (expense), net16,416(7)3,140
Loss before income taxes(446,258)(339,627)(230,035)
Provision for (benefit from) income taxes6,2933,174(207)
Net loss$ (452,551)$ (342,801)$ (229,828)
Net loss per share, basic$ (1.62)$ (1.82)$ (2.21)
Net loss per share, diluted$ (1.62)$ (1.82)$ (2.21)
Weighted-average shares used to compute net loss per share, basic280,080,357188,627,720104,218,082
Weighted-average shares used to compute net loss per share, diluted280,080,357188,627,720104,218,082
Subscription [Member]   
Revenue:   
Total revenue$ 535,009$ 347,099$ 208,633
Cost of revenue:   
Total cost of revenue146,32494,86049,283
Services [Member]   
Revenue:   
Total revenue50,93540,76527,944
Cost of revenue:   
Total cost of revenue$ 56,091$ 42,432$ 26,193

CFLT Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 435,781$ 1,375,932
Marketable securities1,491,044640,085
Accounts receivable, net178,188137,491
Deferred contract acquisition costs35,88327,646
Prepaid expenses and other current assets57,22944,919
Total current assets2,198,1252,226,073
Property and equipment, net29,08914,428
Operating lease right-of-use assets29,47837,281
Deferred contract acquisition costs, non-current68,40151,178
Other assets, non-current19,75613,769
Total assets2,344,8492,342,729
Current liabilities:  
Accounts payable21,4397,591
Accrued expenses and other liabilities102,75598,974
Operating lease liabilities7,3759,236
Deferred revenue290,185220,920
Liability for early exercise of unvested stock options2,57611,467
Total current liabilities424,330348,188
Operating lease liabilities, non-current25,13631,645
Deferred revenue, non-current32,64425,557
Convertible senior notes, net1,084,5001,080,701
Other liabilities, non-current8,7626,357
Total liabilities1,575,3721,492,448
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):  
Preferred stock, par value of $0.00001per share 1,000,000,000 shares authorized as of December 31, 2022 and December 31,2021; 0 shares issued and outstanding as of December 31, 2022 and December 31, 202100
Additional paid-in capital1,980,3351,599,962
Accumulated other comprehensive loss(9,456)(830)
Accumulated deficit(1,201,405)(748,854)
Total stockholder's equity769,477850,281
Total liabilities and stockholder's equity2,344,8492,342,729
Class A Common Stock [Member]  
Stockholders' equity (deficit):  
Common Stock, Value21
Class B Common Stock [Member]  
Stockholders' equity (deficit):  
Common Stock, Value$ 1$ 2