Confluent Q2 revenue $189M (+36% YoY); CFO Steffan Tomlinson departs, replaced by Rohan Sivaram

Confluent, Inc.

2023-Q2 EPS reported -$0.87 revenue$363,587,000

Q2 revenue $189M (+36% YoY); Confluent Cloud revenue $84M (+78% YoY); RPO $791M (+34%).
GAAP net loss per share -$0.35 (improved $0.07 YoY); Non-GAAP net income per share $0.00 (vs -$0.16).
GAAP operating margin improved 21pts to -63.1%; Non-GAAP operating margin improved 24.3pts to -9.2%.
CFO Steffan Tomlinson resigns effective Aug 16; replaced by internal successor Rohan Sivaram.
Sivaram compensation: base $410k, bonus target $246k, RSU grant $5.45M; Tomlinson advisor through Sep 1.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Rohan Sivaram

Chief Financial Officer

Confluent, Inc.

Effective: 2023-08-16
Filed: August 2, 2023, 7:59 PM ET

Rohan Sivaram, age 44, was appointed by Confluent’s board of directors on July 28, 2023 to succeed Mr. Tomlinson as Confluent’s new Chief Financial Officer, effective as of August 16, 2023.

Departed

Steffan Tomlinson

Chief Financial Officer

Confluent, Inc.

Effective: 2023-08-16
Successor: Rohan Sivaram
Filed: August 2, 2023, 7:59 PM ET

Steffan Tomlinson, Confluent’s Chief Financial Officer, informed Confluent that he will be resigning from his current position, effective as of August 16, 2023, to pursue another opportunity.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Confluent, Inc. reported second quarter of 2023, ended June 30, 2023 results: revenue $189.3, EPS $(0.35).

Period: second quarter of 2023, ended June 30, 2023
Revenue: $189.3
EPS: $(0.35)
Result: reported results

Exact text from the filing

of driving durable and efficient growth.” Second Quarter 2023 Financial Highlights (In millions, except per share data and percentages) Q2 2023 Q2 2022 Y/Y Change Total Revenue $189.3 $139.4 36% Remaining Performance Obligations $791.4 $591.3 34% GAAP Operating Loss $(119.4) $(117.3) $(2.1) Non-GAAP Operating Loss $(17.3) $(46.8) $29.5 GAAP Operating Margin

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Rohan Sivaram was appointed as Chief Financial Officer at Confluent, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Rohan Sivaram, age 44, was appointed by Confluent’s board of directors on July 28, 2023 to succeed Mr. Tomlinson as Confluent’s new Chief Financial Officer, effective as of August 16, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Steffan Tomlinson resigned as Chief Financial Officer at Confluent, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Steffan Tomlinson, Confluent’s Chief Financial Officer, informed Confluent that he will be resigning from his current position, effective as of August 16, 2023, to pursue another opportunity.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-23-037156

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