Loading...
•
Sep 30, 2021
Confluent Q3 2021 Earnings Report
Confluent's revenue increased significantly, driven by strong growth in Confluent Cloud and a high dollar-based net retention rate.
Key Takeaways
Confluent announced its Q3 2021 financial results, reporting a total revenue of $103 million, up 67% year-over-year. Confluent Cloud revenue grew by 245% year-over-year, reaching $27 million. The company's remaining performance obligations increased by 75% year-over-year to $385 million, and it had 664 customers with $100,000 or greater in ARR, a 48% increase year-over-year.
Total revenue reached $103 million, a 67% increase year-over-year.
Confluent Cloud revenue grew by 245% year-over-year to $27 million.
Remaining performance obligations increased by 75% year-over-year to $385 million.
Customers with $100,000 or greater in ARR increased by 48% year-over-year, reaching 664.
Forward Guidance
For the fourth quarter of 2021, Confluent expects total revenue of $108-$110 million and a non-GAAP operating loss of $(59)-$(57) million. For the full fiscal year 2021, Confluent expects total revenue of $376-$378 million and a non-GAAP operating loss of $(170)-$(168) million.
Positive Outlook
- Total revenue is expected to be between $108 million and $110 million.
- Non-GAAP operating loss is projected to be between $(59) million and $(57) million.
- Non-GAAP net loss per share is expected to be between $(0.23) and $(0.21).
- Total revenue is anticipated to be between $376 million and $378 million for the full year.
- Non-GAAP operating loss is projected to be between $(170) million and $(168) million for the full year.
Challenges Ahead
- Non-GAAP operating loss is expected for Q4 2021.
- Non-GAAP net loss per share is expected for Q4 2021.
- 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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...