The earnings call reflected strong financial performance with significant growth in subscription and cloud revenues, improved operating margins, and record customer additions. However, caution was expressed due to a slowdown in cloud consumption by larger customers and uncertainties in the macro environment, leading to a conservative outlook for future growth.

Company Guidance -

Q3 2025

During the Confluent Q1 2025 earnings call, the company provided financial guidance for the fiscal second quarter and the full fiscal year 2025. For Q2, they expect subscription revenue to be between $267 million and $268 million, representing about 19% growth, with a non-GAAP operating margin of approximately 5% and non-GAAP net income per diluted share in the range of $0.08 to $0.09. For the fiscal year 2025, Confluent projects subscription revenue of $1.1 billion to $1.11 billion, marking growth of 19% to 20%. They anticipate a non-GAAP operating margin of around 6% and non-GAAP net income per diluted share of approximately $0.36. Despite an uncertain macro environment, Confluent remains confident in its growth trajectory, driven by its mission-critical data streaming platform and diversified growth strategies, including its streaming conversion opportunity, DSP upsell potential, AI strategic role, and expanding partner ecosystem.

Strong Growth in Subscription Revenue

Q1 subscription revenue grew 26% to $261 million, demonstrating strong demand for Confluent's offerings.

Confluent Cloud Revenue Surge

Confluent Cloud revenue increased by 34% to $143 million, indicating robust growth in cloud services.

Improvement in Operating Margin

Non-GAAP operating margin improved by six percentage points to 4%, reflecting better operational efficiency.

Record Customer Additions

Added 340 new customers in Q1, the highest net addition in three years, indicating strong market demand and product adoption.

Expansion of Million-Dollar ARR Customers

Added 16 new customers to the cohort of $1 million-plus ARR customers, the highest addition to that cohort ever.

Strong Performance of Confluent Platform

Confluent Platform revenue grew 18% year-over-year, marking its strongest Q1 growth in three years.

Strategic Partnerships and Recognitions

Named a Google Partner of the Year for the sixth time, highlighting strong strategic partnerships with leading CSPs.

Growth in Data Streaming Platform Components

Significant growth in DSP components, which outgrew the core cloud business, indicating strong product diversification.

Confluent (CFLT) Earnings, Revenues Date & History

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CFLT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.10 / -	0.1	―	―	―
Jul 30, 2025	2025 (Q2)	0.08 / 0.09	0.06	50.00% (+0.03)
Apr 30, 2025	2025 (Q1)	0.07 / 0.08	0.05	60.00% (+0.03)
Feb 11, 2025	2024 (Q4)	0.06 / 0.09	0.09	0.00% (0.00)
Oct 30, 2024	2024 (Q3)	0.05 / 0.10	0.02	400.00% (+0.08)
Jul 31, 2024	2024 (Q2)	0.05 / 0.06	0	―
May 07, 2024	2024 (Q1)	0.02 / 0.05	-0.09	155.56% (+0.14)
Feb 07, 2024	2023 (Q4)	0.05 / 0.09	-0.09	200.00% (+0.18)
Nov 01, 2023	2023 (Q3)	>-0.01 / 0.02	-0.13	115.38% (+0.15)
Aug 02, 2023	2023 (Q2)	-0.06 / 0.00	-0.16	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CFLT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$26.40	―	―
Apr 30, 2025	$23.81	$19.44	-18.35%
Feb 11, 2025	$30.10	$37.65	+25.08%
Oct 30, 2024	$23.07	$26.17	+13.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.