Confluent Q4 2022 Earnings Report
Key Takeaways
Confluent reported a 41% year-over-year increase in Q4 revenue, reaching $169 million. Confluent Cloud revenue grew by 102% year-over-year. The company is focused on achieving breakeven non-GAAP operating margin by the end of 2023.
Q4 revenue reached $169 million, a 41% increase year-over-year.
Confluent Cloud revenue for Q4 grew by 102% year-over-year.
The company had 991 customers with $100,000 or greater in ARR, a 35% increase year-over-year.
Remaining performance obligations reached $741 million, a 48% increase year-over-year.
Confluent
Confluent
Forward Guidance
For Q1 2023, Confluent expects total revenue between $166 million and $168 million and a non-GAAP operating margin of approximately -27%. For fiscal year 2023, the company expects total revenue between $760 million and $765 million and a non-GAAP operating margin between -15% and -14%.
Positive Outlook
- Total Revenue $166-$168 million
- Total Revenue $760-$765 million
- Non-GAAP Operating Margin ~ (27%)
- Non-GAAP Net Loss Per Share $(0.15)-$(0.13)
- Non-GAAP Net Loss Per Share $(0.28)-$(0.22)