Confluent, Inc.

CFLTUS

Confluent, Inc. operates a global data streaming platform, serving clients across the United States and internationally. The company's core products include Confluent Cloud, a fully managed, cloud-native service designed for seamlessly connecting and processing data, and Confluent Platform, an enterprise-level, self-managed software solution. This platform acts as the fundamental "data in motion" layer, enabling real-time data integration and processing for businesses. Beyond its main platforms, Confluent provides several specialized tools: Kafka Connect, which allows users to create connectors for integrating Apache Kafka with various applications and data systems; ksqlDB, a dedicated database for stream processing applications; and a stream governance solution. This governance offering is uniquely tailored to manage the complexities of streaming data, empowering teams to expand their use of real-time data while ensuring adherence to risk management and regulatory compliance standards. Confluent also supports its customers through comprehensive training programs and professional services. Founded in 2014, the company was originally named Infinitem, Inc. before rebranding as Confluent, Inc. in September of the same year. Its corporate headquarters are situated in Mountain View, California.

Founded2014IPO year2021As of2026-08-04
Market Cap
$11.08B
Enterprise Value
$10.13B
EV / LTM Revenue
8.7x
EV / NTM Revenue
6.8x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
6.8x
Gross Profit
9.1x
EBITDA
28.8x
Classification
Sector
Infrastructure & Data Software
Sub-sector
Data Platforms
Listing
CFLT
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY51%33%24%21%17%17%
Revenue$388M$586M$777M$964M$1.17B$1.36B$1.59B
Gross Profit$251M$384M$547M$706M$867M
Gross Profit Margin64.6%65.5%70.4%73.3%74.3%
EBITDA($337M)($439M)($408M)($313M)($270M)$320M$373M
EBITDA Margin-86.8%-74.9%-52.5%-32.4%-23.2%23.4%23.4%
EBIT($340M)($463M)($479M)($419M)($360M)$278M$325M
Net Income($343M)($453M)($443M)($345M)($295M)$179M$237M
Free Cash Flow($114M)($172M)($124M)$9M$50M
FCF Margin-29.4%-29.3%-16.0%1.0%4.3%
Short-Term Debt$0M$0M$0M$0M$0M
Long-Term Debt$1.08B$1.08B$1.09B$1.09B$1.10B
Cash & Cash Equivalents$1.38B$436M$350M$386M$347M
Net Debt($295M)$649M$739M$706M$749M
Net Debt / EBITDA
Rule of 4021.8%16.6%25.0%25.4%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.