Confluent | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 282.29 M

LB filings
2025.07.30 20:36
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Revenue: As of FY2025 Q2, the actual value is USD 282.29 M, beating the estimate of USD 278.43 M.

EPS: As of FY2025 Q2, the actual value is USD -0.24, missing the estimate of USD -0.2017.

EBIT: As of FY2025 Q2, the actual value is USD -75.33 M.

Segment Revenue

  • Subscription Revenue: $270.8 million for the three months ended June 30, 2025, compared to $224.7 million for the same period in 2024, representing a 21% increase.
  • Services Revenue: $11.5 million for the three months ended June 30, 2025, compared to $10.3 million for the same period in 2024, representing an 11% increase.

Operational Metrics

  • Net Loss: $81.9 million for the three months ended June 30, 2025, compared to $89.9 million for the same period in 2024.
  • Gross Margin: 74% for the three months ended June 30, 2025, compared to 72% for the same period in 2024.
  • Operating Loss: $96.4 million for the three months ended June 30, 2025, compared to $108.3 million for the same period in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: $8.6 million for the six months ended June 30, 2025, compared to $17.4 million for the same period in 2024.
  • Net Cash Used in Investing Activities: $120.5 million for the six months ended June 30, 2025, compared to $63.3 million for the same period in 2024.
  • Net Cash Provided by Financing Activities: $36.9 million for the six months ended June 30, 2025, compared to $43.1 million for the same period in 2024.

Unique Metrics

  • Confluent Cloud Revenue Contribution: 53% of total subscription revenue for the three months ended June 30, 2025, compared to 50% for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: Confluent plans to continue investing in Confluent Cloud and its Data Streaming Platform capabilities, with a focus on increasing market adoption and expanding use cases. The company aims to enhance its product offerings to support a variety of adjacent use cases, including those driven by generative AI.
  • Non-Core Business: The company acquired WarpStream Labs, Inc. in September 2024 to add a BYOC data streaming solution to its product portfolio, indicating a strategic focus on expanding its offerings to serve customers who want a cloud-native streaming offering in their own cloud account.
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