CFLT
Confluent, Inc.29.96
-0.11-0.37%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
10.58BP/E (TTM)
-Basic EPS (TTM)
-0.90Dividend Yield
0%Recent Filings
8-K
IBM closes Confluent buyout
IBM completed its acquisition of Confluent on March 17, 2026, via merger, converting all common shares to $31 cash per share. Confluent survives as IBM's wholly owned subsidiary; Nasdaq delisted CFLT that day. Noteholders can demand repurchase at 100% principal ($1.1B outstanding). Directors and most officers exited immediately.
8-K
CAO resigns, no disputes
8-K
Stockholders approve IBM merger
8-K
Q4 beat, IBM buyout announced
Confluent capped FY 2025 with Q4 subscription revenue at $302M, up 20% YoY, and Cloud at $169M, up 23%; full-year subscription hit $1,120M, up 21%. IBM agreed December 8, 2025, to acquire it for $31/share cash, $11B enterprise value, targeting mid-2026 close. No earnings call due to deal. Risks hinge on shareholder, regulatory nods.
10-K
FY2025 results
Confluent delivered FY2025 revenue of $1.17B, up 21% y/y, with subscription revenue hitting $1.12B as Cloud surged to 54% mix from 51%, fueled by consumption growth amid macro headwinds. Q4 accelerated the trend, powering 15% customer expansion to 6,690 total and 1,521 with $100K+ ARR, while dollar-based NRR held at 114% despite enterprise optimization pressures. Operating loss narrowed to $380M from $419M, margins expanded, and cash flow turned positive at $64M. IBM merger pendency adds uncertainty; failure to close risks customer retention.
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