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Side-by-side financial comparison of Confluent, Inc. (CFLT) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $246.6M, roughly 1.3× Claritev Corp). Confluent, Inc. runs the higher net margin — -25.2% vs -32.7%, a 7.5% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs 6.2%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $36.4M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs 2.5%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
CFLT vs CTEV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $246.6M |
| Net Profit | $-79.2M | $-80.6M |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | -3.1% |
| Net Margin | -25.2% | -32.7% |
| Revenue YoY | 20.5% | 6.2% |
| Net Profit YoY | 10.0% | 41.6% |
| EPS (diluted) | $-0.23 | $-4.88 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $314.8M | $246.6M | ||
| Q3 25 | $298.5M | $246.0M | ||
| Q2 25 | $282.3M | $241.6M | ||
| Q1 25 | $271.1M | $231.3M | ||
| Q4 24 | $261.2M | $232.1M | ||
| Q3 24 | $250.2M | $230.5M | ||
| Q2 24 | $235.0M | $233.5M | ||
| Q1 24 | $217.2M | $234.5M |
| Q4 25 | $-79.2M | $-80.6M | ||
| Q3 25 | $-66.5M | $-69.8M | ||
| Q2 25 | $-82.0M | $-62.6M | ||
| Q1 25 | $-67.6M | $-71.3M | ||
| Q4 24 | $-88.1M | $-138.0M | ||
| Q3 24 | $-74.1M | $-391.4M | ||
| Q2 24 | $-89.9M | $-576.7M | ||
| Q1 24 | $-93.0M | $-539.7M |
| Q4 25 | 74.7% | — | ||
| Q3 25 | 74.2% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 74.5% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 72.3% | — | ||
| Q1 24 | 71.8% | — |
| Q4 25 | -31.5% | -3.1% | ||
| Q3 25 | -27.9% | 4.1% | ||
| Q2 25 | -34.2% | 6.9% | ||
| Q1 25 | -37.3% | 4.2% | ||
| Q4 24 | -40.5% | -17.8% | ||
| Q3 24 | -37.4% | -146.7% | ||
| Q2 24 | -46.1% | -224.4% | ||
| Q1 24 | -51.3% | -207.4% |
| Q4 25 | -25.2% | -32.7% | ||
| Q3 25 | -22.3% | -28.4% | ||
| Q2 25 | -29.0% | -25.9% | ||
| Q1 25 | -24.9% | -30.8% | ||
| Q4 24 | -33.7% | -59.4% | ||
| Q3 24 | -29.6% | -169.8% | ||
| Q2 24 | -38.3% | -247.0% | ||
| Q1 24 | -42.8% | -230.1% |
| Q4 25 | $-0.23 | $-4.88 | ||
| Q3 25 | $-0.19 | $-4.23 | ||
| Q2 25 | $-0.24 | $-3.81 | ||
| Q1 25 | $-0.20 | $-4.38 | ||
| Q4 24 | $-0.26 | $-8.49 | ||
| Q3 24 | $-0.23 | $-24.25 | ||
| Q2 24 | $-0.28 | $-35.78 | ||
| Q1 24 | $-0.30 | $-33.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | $16.8M |
| Total DebtLower is stronger | $1.1B | $4.6B |
| Stockholders' EquityBook value | $1.2B | $-173.9M |
| Total Assets | $3.0B | $4.9B |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $16.8M | ||
| Q3 25 | $298.5M | $39.2M | ||
| Q2 25 | $295.6M | $56.4M | ||
| Q1 25 | $278.6M | $23.1M | ||
| Q4 24 | $386.0M | $16.8M | ||
| Q3 24 | $322.6M | $86.6M | ||
| Q2 24 | $311.3M | $48.8M | ||
| Q1 24 | $336.4M | $58.7M |
| Q4 25 | $1.1B | $4.6B | ||
| Q3 25 | $1.1B | $4.5B | ||
| Q2 25 | $1.1B | $4.5B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.1B | $4.5B | ||
| Q3 24 | $1.1B | $4.5B | ||
| Q2 24 | $1.1B | $4.5B | ||
| Q1 24 | $1.1B | $4.5B |
| Q4 25 | $1.2B | $-173.9M | ||
| Q3 25 | $1.1B | $-101.8M | ||
| Q2 25 | $1.1B | $-39.9M | ||
| Q1 25 | $1.0B | $14.8M | ||
| Q4 24 | $961.2M | $84.0M | ||
| Q3 24 | $934.3M | $207.6M | ||
| Q2 24 | $873.9M | $603.4M | ||
| Q1 24 | $845.2M | $1.2B |
| Q4 25 | $3.0B | $4.9B | ||
| Q3 25 | $2.9B | $5.0B | ||
| Q2 25 | $2.8B | $5.1B | ||
| Q1 25 | $2.7B | $5.1B | ||
| Q4 24 | $2.7B | $5.2B | ||
| Q3 24 | $2.6B | $5.3B | ||
| Q2 24 | $2.5B | $5.7B | ||
| Q1 24 | $2.4B | $6.4B |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | 304.87× | ||
| Q4 24 | 1.14× | 53.67× | ||
| Q3 24 | 1.17× | 21.73× | ||
| Q2 24 | 1.25× | 7.48× | ||
| Q1 24 | 1.29× | 3.85× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.1M | $66.3M |
| Free Cash FlowOCF − Capex | $41.7M | $36.4M |
| FCF MarginFCF / Revenue | 13.2% | 14.8% |
| Capex IntensityCapex / Revenue | 0.1% | 12.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $66.3M | ||
| Q3 25 | $30.8M | $19.9M | ||
| Q2 25 | $18.1M | $61.2M | ||
| Q1 25 | $-26.8M | $-30.1M | ||
| Q4 24 | $35.2M | $-33.4M | ||
| Q3 24 | $15.6M | $72.8M | ||
| Q2 24 | $8.6M | $18.5M | ||
| Q1 24 | $-26.0M | $49.7M |
| Q4 25 | $41.7M | $36.4M | ||
| Q3 25 | $30.0M | $-16.3M | ||
| Q2 25 | $17.2M | $36.6M | ||
| Q1 25 | $-28.2M | $-68.9M | ||
| Q4 24 | $34.5M | $-63.8M | ||
| Q3 24 | $15.0M | $41.1M | ||
| Q2 24 | $7.5M | $-7.0M | ||
| Q1 24 | $-26.1M | $19.2M |
| Q4 25 | 13.2% | 14.8% | ||
| Q3 25 | 10.0% | -6.6% | ||
| Q2 25 | 6.1% | 15.2% | ||
| Q1 25 | -10.4% | -29.8% | ||
| Q4 24 | 13.2% | -27.5% | ||
| Q3 24 | 6.0% | 17.8% | ||
| Q2 24 | 3.2% | -3.0% | ||
| Q1 24 | -12.0% | 8.2% |
| Q4 25 | 0.1% | 12.1% | ||
| Q3 25 | 0.3% | 14.7% | ||
| Q2 25 | 0.3% | 10.2% | ||
| Q1 25 | 0.5% | 16.8% | ||
| Q4 24 | 0.3% | 13.1% | ||
| Q3 24 | 0.2% | 13.8% | ||
| Q2 24 | 0.5% | 10.9% | ||
| Q1 24 | 0.1% | 13.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
CTEV
Segment breakdown not available.
