Recent News
July 24, 2025 — Confluent announced Confluent Platform 8.0, a major release building on Apache Kafka 4.0 and adding expanded management and Apache Flink capabilities. July 30, 2025 — Confluent committed $200 million over three years to expand its global partner ecosystem, targeting greater partner-led adoption for AI and data-streaming use cases. July 23, 2025 — industry data services noted an improvement in Confluent’s Relative Strength rating, reflecting stronger price performance versus peers.
Technical Analysis
ADX at 13.22 indicates no dominant trend, so recent directional moves lack sustained strength; this tempers expectations for a strong immediate breakout despite short-term signals.
DI+ shows a dip & reversal while DI- shows a peak & reversal; both readings align with a bullish directional stance from the directional indicators and support the intro’s near-term stabilization thesis.
MACD displays a dip & reversal and currently sits above its signal line, signaling bullish momentum that supports a short-term price bias toward the stock’s recent moving-average cluster.
MRO reads 5.7 (positive), indicating the price sits above the model target and therefore carries countervailing downward pressure; that tension suggests any upside momentum may encounter mean-reversion risk.
RSI at 49.72 with a dip & reversal indicates neutral momentum that recently shifted upward, consistent with a consolidation-to-rally posture rather than an overbought condition.
Price sits at $20.52, above the 20-day average ($19.87) and the 50-day average ($19.49) but below the 200-day average ($24.35). Short-term EMAs (12-day $19.87 and 26-day $19.73) show a dip & reversal, reinforcing short-term upside pressure while the gap to the 200-day average signals longer-term resistance.
Bollinger readings place the 1x upper band at $20.23 and the 2x upper band at $20.60; the last close near $20.52 trades inside the upper Bollinger band region, indicating recent strength without an extreme breakout. Volume of ~8.6M exceeds the 10-day average (~6.0M) and tracks slightly below the 50-day average (~9.2M), suggesting above-normal interest but not sustained accumulation at higher-volume levels.
Fundamental Analysis
Total revenue reached $282,285,000. QoQ revenue growth equals +8.65% while YoY revenue growth equals -49.60%; the QoQ increase shows recent sequential recovery despite a material year-over-year decline.
Gross margin stands at 73.73%, marginally above the industry peer mean of 72.32%, supporting higher-quality revenue mix and significant product-level profitability that underpins valuation. Gross profit equals $208,115,000.
Operating (EBIT) margin equals -34.16%, down -8.46 percentage points QoQ and down -25.91 percentage points YoY. That margin sits above the industry peer low and below the industry peer mean and median, indicating operating losses materially below typical peer profitability benchmarks.
Net income totaled -$81,950,000 and operating income equaled -$96,438,000. EBITDA registered -$89,094,000. EPS actual equaled -$0.24 versus an estimate of -$0.20, producing an EPS surprise of -20% and an EPS difference of -$0.04.
Cash and short-term investments total $1,940,623,000, providing substantial liquidity; free cash flow totaled $11,005,000, yielding ~0.15%. Current ratio reads 3.98 and cash ratio reads 3.17, reflecting strong near-term liquidity coverage of current liabilities.
Total debt equals $1,107,756,000 with net debt of $798,460,000 and debt-to-assets of 39.32%; debt-to-assets rose +46.03% YoY. Interest coverage remains negative. The balance sheet carries meaningful cash offsets but elevated leverage relative to earnings.
Market multiples show EV/Revenue ~22.81 and price-to-book ~6.84 (below the industry peer mean of 12.07). Forward EPS equals $0.0875 producing a forward PE near 271.6; current reported PE sits negative due to trailing losses. WMDST values the stock as under-valued based on the firm’s cash reserves, high gross margin, and forward earnings profile juxtaposed with operating losses.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-10-29 |
| CASH FLOW | Begin Period Cash Flow | $ 278.6 M |
| Operating Cash Flow | $ 18.1 M | |
| Capital Expenditures | $ -7.11 M | |
| Change In Working Capital | $ -20.98 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 17.0 M | |
| End Period Cash Flow | $ 295.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 282.3 M | |
| Forward Revenue | $ -25.91 M | |
| COSTS | ||
| Cost Of Revenue | $ 74.2 M | |
| Depreciation | $ 7.3 M | |
| Depreciation and Amortization | $ 7.3 M | |
| Research and Development | $ 121.2 M | |
| Total Operating Expenses | $ 378.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 208.1 M | |
| EBITDA | $ -89.09 M | |
| EBIT | $ -96.44 M | |
| Operating Income | $ -96.44 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | $ -75.33 M | |
| Tax Provision | $ 6.6 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -81.95 M | |
| Net Income From Continuing Operations | $ -81.95 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.20 | |
| EPS Actual | $ -0.24 | |
| EPS Difference | $ -0.04 | |
| EPS Surprise | -20.0 % | |
| Forward EPS | $ 0.09 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.8 B | |
| Intangible Assets | $ 171.4 M | |
| Net Tangible Assets | $ 892.3 M | |
| Total Current Assets | $ 2.4 B | |
| Cash and Short-Term Investments | $ 1.9 B | |
| Cash | $ 295.6 M | |
| Net Receivables | $ 193.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 42.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 11.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 612.9 M | |
| Net Debt | $ 798.5 M | |
| Total Debt | $ 1.1 B | |
| Total Liabilities | $ 1.8 B | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ -2.14 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 3.09 | |
| Shares Outstanding | 343.852 M | |
| Revenue Per-Share | $ 0.82 | |
| VALUATION | Market Capitalization | $ 7.3 B |
| Enterprise Value | $ 6.4 B | |
| Enterprise Multiple | -72.277 | |
| Enterprise Multiple QoQ | -12.357 % | |
| Enterprise Multiple YoY | 7.732 % | |
| Enterprise Multiple IPRWA | high: 634.148 mean: 91.418 median: 82.154 CFLT: -72.277 low: -577.222 |
|
| EV/R | 22.812 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.649 | |
| Asset To Liability | 1.607 | |
| Debt To Capital | 0.51 | |
| Debt To Assets | 0.393 | |
| Debt To Assets QoQ | -4.315 % | |
| Debt To Assets YoY | 4603.11 % | |
| Debt To Assets IPRWA | high: 1.095 CFLT: 0.393 mean: 0.161 median: 0.098 low: 0.002 |
|
| Debt To Equity | 1.041 | |
| Debt To Equity QoQ | -3.705 % | |
| Debt To Equity YoY | 4203.512 % | |
| Debt To Equity IPRWA | high: 3.008 CFLT: 1.041 mean: 0.298 median: 0.176 low: -0.874 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.837 | |
| Price To Book QoQ | -18.551 % | |
| Price To Book YoY | -32.007 % | |
| Price To Book IPRWA | high: 34.07 mean: 12.074 median: 10.727 CFLT: 6.837 low: -16.218 |
|
| Price To Earnings (P/E) | -102.907 | |
| Price To Earnings QoQ | -132.495 % | |
| Price To Earnings YoY | -122.642 % | |
| Price To Earnings IPRWA | high: 564.562 mean: 139.346 median: 130.187 CFLT: -102.907 low: -357.639 |
|
| PE/G Ratio | 0.257 | |
| Price To Sales (P/S) | 25.762 | |
| Price To Sales QoQ | -18.848 % | |
| Price To Sales YoY | -31.107 % | |
| Price To Sales IPRWA | high: 113.355 median: 48.199 mean: 45.702 CFLT: 25.762 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 271.592 | |
| Forward PE/G | -0.679 | |
| Forward P/S | -280.681 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.138 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.102 | |
| Asset Turnover Ratio QoQ | 1.81 % | |
| Asset Turnover Ratio YoY | 8.192 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 mean: 0.13 median: 0.129 CFLT: 0.102 low: 0.0 |
|
| Receivables Turnover | 1.643 | |
| Receivables Turnover Ratio QoQ | 1.179 % | |
| Receivables Turnover Ratio YoY | 59.857 % | |
| Receivables Turnover Ratio IPRWA | high: 4.687 CFLT: 1.643 mean: 1.421 median: 1.257 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 55.546 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.154 | |
| CapEx To Revenue | -0.025 | |
| CapEx To Depreciation | -0.968 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.2 B | |
| Net Invested Capital | $ 2.2 B | |
| Invested Capital | $ 2.2 B | |
| Net Tangible Assets | $ 892.3 M | |
| Net Working Capital | $ 1.8 B | |
| LIQUIDITY | ||
| Cash Ratio | 3.166 | |
| Current Ratio | 3.984 | |
| Current Ratio QoQ | -9.903 % | |
| Current Ratio YoY | -10.184 % | |
| Current Ratio IPRWA | high: 9.787 CFLT: 3.984 mean: 1.692 median: 1.353 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -12.434 | |
| Cost Of Debt | 0.064 % | |
| Interest Coverage Ratio | -107.153 | |
| Interest Coverage Ratio QoQ | -4.685 % | |
| Interest Coverage Ratio YoY | -10.993 % | |
| Interest Coverage Ratio IPRWA | high: 181.115 median: 54.034 mean: 37.968 CFLT: -107.153 low: -203.84 |
|
| Operating Cash Flow Ratio | -0.183 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 11.535 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.4 % | |
| Revenue Growth | 4.118 % | |
| Revenue Growth QoQ | 8.654 % | |
| Revenue Growth YoY | -49.596 % | |
| Revenue Growth IPRWA | high: 32.808 % median: 9.099 % mean: 6.948 % CFLT: 4.118 % low: -28.474 % |
|
| Earnings Growth | -400.0 % | |
| Earnings Growth QoQ | 3500.036 % | |
| Earnings Growth YoY | -2100.0 % | |
| Earnings Growth IPRWA | high: 157.143 % median: 5.491 % mean: 4.858 % low: -195.0 % CFLT: -400.0 % |
|
| MARGINS | ||
| Gross Margin | 73.725 % | |
| Gross Margin QoQ | -1.048 % | |
| Gross Margin YoY | 1.905 % | |
| Gross Margin IPRWA | high: 91.297 % CFLT: 73.725 % mean: 72.321 % median: 68.585 % low: 33.069 % |
|
| EBIT Margin | -34.163 % | |
| EBIT Margin QoQ | -8.457 % | |
| EBIT Margin YoY | -25.908 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 43.473 % mean: 34.327 % CFLT: -34.163 % low: -124.558 % |
|
| Return On Sales (ROS) | -34.163 % | |
| Return On Sales QoQ | -8.457 % | |
| Return On Sales YoY | -25.908 % | |
| Return On Sales IPRWA | high: 76.082 % median: 44.901 % mean: 34.088 % CFLT: -34.163 % low: -111.372 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 11.0 M | |
| Free Cash Flow Yield | 0.151 % | |
| Free Cash Flow Yield QoQ | -139.426 % | |
| Free Cash Flow Yield YoY | 387.097 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % median: 0.694 % mean: 0.529 % CFLT: 0.151 % low: -8.108 % |
|
| Free Cash Growth | -133.36 % | |
| Free Cash Growth QoQ | -37.472 % | |
| Free Cash Growth YoY | 22.855 % | |
| Free Cash Growth IPRWA | high: 278.713 % median: 25.957 % mean: 12.342 % CFLT: -133.36 % low: -316.997 % |
|
| Free Cash To Net Income | -0.134 | |
| Cash Flow Margin | -39.691 % | |
| Cash Flow To Earnings | 1.367 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -2.971 % | |
| Return On Assets QoQ | 18.555 % | |
| Return On Assets YoY | -17.905 % | |
| Return On Assets IPRWA | high: 18.439 % median: 4.609 % mean: 3.912 % CFLT: -2.971 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | -4.375 % | |
| Return On Equity (ROE) | -0.077 | |
| Return On Equity QoQ | 16.904 % | |
| Return On Equity YoY | -25.117 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.07 CFLT: -0.077 low: -0.337 |
|
| DuPont ROE | -7.846 % | |
| Return On Invested Capital (ROIC) | -3.531 % | |
| Return On Invested Capital QoQ | -11.637 % | |
| Return On Invested Capital YoY | -178.799 % | |
| Return On Invested Capital IPRWA | high: 14.534 % median: 7.176 % mean: 5.55 % CFLT: -3.531 % low: -13.655 % |
|