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Jun 30, 2021
Confluent Q2 2021 Earnings Report
Announced second quarter 2021 financial results, demonstrating strong growth in revenue and customer base.
Key Takeaways
Confluent's Q2 2021 results showed strong performance with a 64% year-over-year increase in total revenue, driven by a 200% increase in Confluent Cloud revenue and a 51% increase in customers with $100,000 or greater in ARR.
Total revenue reached $88 million, a 64% increase year-over-year.
Confluent Cloud revenue grew by 200% year-over-year, reaching $20 million.
Remaining performance obligations increased by 72% year-over-year, totaling $327 million.
The company had 617 customers with $100,000 or greater in ARR, a 51% increase year-over-year.
Revenue by Segment
Forward Guidance
Confluent provided guidance for Q3 2021 with total revenue expected to be $89-$91 million and non-GAAP operating loss between $(62)-$(60) million. For fiscal year 2021, total revenue is projected to be $347-$351 million and non-GAAP operating loss between $(199)-$(195) million.
Positive Outlook
- Total Revenue $89-$91 million
- Non-GAAP Operating Loss $(62)-$(60) million
- Total Revenue $347-$351 million
- Non-GAAP Operating Loss $(199)-$(195) million
- Non-GAAP Net Loss Per Share $(0.24)-$(0.23)
Challenges Ahead
- A reconciliation of forward-looking non-GAAP operating loss and non-GAAP net loss per share to the most directly comparable GAAP measures is not available without unreasonable effort, as certain items cannot be reasonably predicted because of their high variability, complexity and low visibility.
- In particular, the measures and effects of our stock-based compensation expense specific to our equity compensation awards and employer payroll tax-related items on employee stock transactions are directly impacted by the timing of employee stock transactions and unpredictable fluctuations in our stock price, which we expect to have a significant impact on our future GAAP financial results.
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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