---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-054470"
form_type: "8-K"
ticker: null
cik: "0001699838"
company_name: "Confluent, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:04:44.766994+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Confluent Q1 revenue $217M (+25% YoY), Cloud +45%, CAO resigns

## Summary
- Total revenue $217.2M, +25% YoY; subscription revenue $206.9M, +29%.
- Confluent Cloud revenue $107M, +45% YoY; now majority of subscription revenue.
- GAAP operating loss narrowed to $111.4M from $166.1M; non-GAAP op loss $3.3M.
- Non-GAAP EPS $0.05 (vs -$0.09 prior); Q2 guidance: total rev $229-230M.
- CAO Ying Christina Liu resigns effective May 22; CFO Rohan Sivaram named principal accounting officer.

## SEC filing metadata
- accession: 0000950170-24-054470
- form_type: 8-K
- cik: 0001699838
- company_name: Confluent, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/cflt-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054470
- JSON: https://secwatch.observer/filing/0000950170-24-054470.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054470.txt

## Key facts
- Earnings Releases
  Confluent, Inc. reported first quarter of 2024, ended March 31, 2024 results: revenue $217.2.
  - Period: first quarter of 2024, ended March 31, 2024
  - Revenue: $217.2
  - Result: reported results
  source text: and efficient growth in the years ahead.” First Quarter 2024 Financial Highlights (In millions, except per share data and percentages) Q1 2024 Q1 2023 Y/Y Change Total Revenue $217.2 $174.3 25% Subscription Revenue $206.9 $160.6 29% GAAP Operating Loss $(111.4) $(166.1) $54.7 Non-GAAP Operating Loss $(3.3) $(40.3) $37.0 GAAP Operating Margin (51.3%) (95.3%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Earnings Releases
  Confluent, Inc. reported second quarter of 2024 results: revenue $229 million and $230 million, EPS $0.04 to $0.05.
  - Period: second quarter of 2024
  - Revenue: $229 million and $230 million
  - EPS: $0.04 to $0.05
  - Result: guidance update
  source text: For the second quarter of 2024, Confluent expects: • Total revenue between $229 million and $230 million • Subscription revenue between $217 million to $218 million • Non-GAAP operating margin of approximately negative 1% • Non-GAAP net income per diluted share between $0.04 to $0.05
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Earnings Releases
  Confluent, Inc. reported Q1 2024 results: EPS $0.05.
  - Period: Q1 2024
  - EPS: $0.05
  - Result: reported results
  source text: This puts us in a stronger position to drive durable and efficient growth in the years ahead.” First Quarter 2024 Financial Highlights (In millions, except per share data and percentages) Q1 2024 Q1 2023 Y/Y Change Total Revenue $217.2 $174.3 25% Subscription Revenue $206.9 $160.6 29% GAAP Operating Loss $(111.4) $(166.1) $54.7 Non-GAAP Operating Loss $(3.3) $(40.3) $37.0 GAAP Operating Margin (51.3%) (95.3%) 44.0 pts Non-GAAP Operating Margin (1.5%) (23.1%) 21.6 pts GAAP Net Loss Per Share $(0.30) $(0.52) $0.22 Non-GAAP Net Income (Loss) Per Diluted Share $0.05 $(0.09) $0.14 Net Cash Used in Operating Activities $(26.0) $(77.8) $51.8 Free Cash Flow $(31.7) $(82.9) $51.2 Financial Outlook As previously announced, Confluent will be transitioning its revenue outlook from total revenue to subscription revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Earnings Releases
  Confluent, Inc. reported Q1 2024 results: EPS $0.05.
  - Period: Q1 2024
  - EPS: $0.05
  - Result: reported results
  source text: $174.3 25% Subscription Revenue $206.9 $160.6 29% GAAP Operating Loss $(111.4) $(166.1) $54.7 Non-GAAP Operating Loss $(3.3) $(40.3) $37.0 GAAP Operating Margin (51.3%) (95.3%) 44.0 pts Non-GAAP Operating Margin (1.5%) (23.1%) 21.6 pts GAAP Net Loss Per Share $(0.30) $(0.52) $0.22 Non-GAAP Net Income (Loss) Per Diluted Share $0.05 $(0.09) $0.14 Net Cash Used in Operating Activities $(26.0) $(77.8) $51.8 Free Cash Flow $(31.7) $(82.9) $51.2 Financial Outlook As previously announced, Confluent will be transitioning its revenue outlook from total revenue to subscription revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Earnings Releases
  Confluent, Inc. reported Q1 2024 results: EPS $0.05.
  - Period: Q1 2024
  - EPS: $0.05
  - Result: reported results
  source text: Non-GAAP Net Income (Loss) Per Diluted Share $0.05
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Earnings Releases
  Confluent, Inc. reported fiscal year 2024 results: revenue $957 million, EPS $0.19 to $0.20.
  - Period: fiscal year 2024
  - Revenue: $957 million
  - EPS: $0.19 to $0.20
  - Result: guidance update
  source text: For fiscal year 2024, Confluent expects: • Total revenue of approximately $957 million • Subscription revenue of approximately $910 million • Non-GAAP operating margin of approximately 0% • Non-GAAP net income per diluted share between $0.19 to $0.20
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Executive change
  Ying Christina Liu departed as Chief Accounting Officer at Confluent, Inc..
  - Action: resigning
  - Role: Chief Accounting Officer
  source text: On May 1, 2024, Ying Christina Liu, Confluent's Chief Accounting Officer and principal accounting officer, informed Confluent that she will be resigning from Confluent, effective on or about May 22, 2024, to pursue another opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm
- Executive change
  Rohan Sivaram was appointed as Principal Accounting Officer at Confluent, Inc..
  - Action: designated
  - Role: Principal Accounting Officer
  source text: Effective as of May 6, 2024, Rohan Sivaram, Confluent’s Chief Financial Officer and principal financial officer, was designated by Confluent’s board of directors as Confluent’s principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699838/000095017024054470/0000950170-24-054470-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.