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Mar 31, 2022
Confluent Q1 2022 Earnings Report
Confluent's first quarter of 2022 resulted in revenue growth and exceeded guidance metrics.
Key Takeaways
Confluent announced strong first-quarter results, with total revenue of $126 million, up 64% year-over-year. Confluent Cloud revenue grew by 180% year-over-year. The company is raising its 2022 guidance and remains committed to driving high growth and annual improvement in both non-GAAP operating and free cash flow margin.
Total revenue reached $126 million, a 64% increase year-over-year.
Confluent Cloud revenue was $39 million, reflecting a 180% year-over-year growth.
Remaining performance obligations (RPO) amounted to $551 million, up 96% year-over-year.
The company had 791 customers with $100,000 or greater in ARR, a 41% increase year-over-year.
Revenue by Segment
Forward Guidance
Confluent expects revenue between $130 million and $132 million for Q2 2022. They anticipate a non-GAAP operating margin of approximately -41% and a non-GAAP net loss per share between $(0.21) and $(0.19). For the full year 2022, they expect revenue between $554 million and $560 million, a non-GAAP operating margin of approximately -38%, and a non-GAAP net loss per share between $(0.79) and $(0.73).
Positive Outlook
- Total Revenue $130-$132 million for Q2 2022
- Total Revenue $554-$560 million for FY 2022
- Non-GAAP Operating Margin ~ (41%) for Q2 2022
- Non-GAAP Operating Margin ~ (38%) for FY 2022
- Non-GAAP Net Loss Per Share $(0.21)-$(0.19) for Q2 2022
Challenges Ahead
- Non-GAAP Operating Margin ~ (41%) for Q2 2022
- Non-GAAP Operating Margin ~ (38%) for FY 2022
- Non-GAAP Net Loss Per Share $(0.21)-$(0.19) for Q2 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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