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Side-by-side financial comparison of Confluent, Inc. (CFLT) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $253.4M, roughly 1.2× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 20.5%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $41.7M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 20.4%).
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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
CFLT vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $253.4M |
| Net Profit | $-79.2M | — |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | 28.7% |
| Net Margin | -25.2% | — |
| Revenue YoY | 20.5% | 62.7% |
| Net Profit YoY | 10.0% | — |
| EPS (diluted) | $-0.23 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $298.5M | $244.7M | ||
| Q2 25 | $282.3M | $203.3M | ||
| Q1 25 | $271.1M | $174.6M | ||
| Q4 24 | $261.2M | $155.8M | ||
| Q3 24 | $250.2M | $148.5M | ||
| Q2 24 | $235.0M | $131.1M | ||
| Q1 24 | $217.2M | $118.5M |
| Q4 25 | $-79.2M | — | ||
| Q3 25 | $-66.5M | $51.5M | ||
| Q2 25 | $-82.0M | $46.5M | ||
| Q1 25 | $-67.6M | $42.9M | ||
| Q4 24 | $-88.1M | — | ||
| Q3 24 | $-74.1M | $30.5M | ||
| Q2 24 | $-89.9M | $25.7M | ||
| Q1 24 | $-93.0M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | -27.9% | 27.4% | ||
| Q2 25 | -34.2% | 29.5% | ||
| Q1 25 | -37.3% | 30.8% | ||
| Q4 24 | -40.5% | 28.9% | ||
| Q3 24 | -37.4% | 25.9% | ||
| Q2 24 | -46.1% | 25.5% | ||
| Q1 24 | -51.3% | 29.0% |
| Q4 25 | -25.2% | — | ||
| Q3 25 | -22.3% | 21.0% | ||
| Q2 25 | -29.0% | 22.9% | ||
| Q1 25 | -24.9% | 24.6% | ||
| Q4 24 | -33.7% | — | ||
| Q3 24 | -29.6% | 20.5% | ||
| Q2 24 | -38.3% | 19.6% | ||
| Q1 24 | -42.8% | 22.3% |
| Q4 25 | $-0.23 | $2.05 | ||
| Q3 25 | $-0.19 | $1.87 | ||
| Q2 25 | $-0.24 | $1.68 | ||
| Q1 25 | $-0.20 | $1.57 | ||
| Q4 24 | $-0.26 | $1.29 | ||
| Q3 24 | $-0.23 | $1.15 | ||
| Q2 24 | $-0.28 | $1.00 | ||
| Q1 24 | $-0.30 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $942.7M |
| Total Assets | $3.0B | $3.1B |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $106.9M | ||
| Q3 25 | $298.5M | $111.7M | ||
| Q2 25 | $295.6M | $81.3M | ||
| Q1 25 | $278.6M | $119.3M | ||
| Q4 24 | $386.0M | $80.4M | ||
| Q3 24 | $322.6M | $86.5M | ||
| Q2 24 | $311.3M | $47.8M | ||
| Q1 24 | $336.4M | $61.4M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.2B | $942.7M | ||
| Q3 25 | $1.1B | $878.1M | ||
| Q2 25 | $1.1B | $847.2M | ||
| Q1 25 | $1.0B | $790.4M | ||
| Q4 24 | $961.2M | $729.0M | ||
| Q3 24 | $934.3M | $703.3M | ||
| Q2 24 | $873.9M | $532.6M | ||
| Q1 24 | $845.2M | $501.7M |
| Q4 25 | $3.0B | $3.1B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $2.8B | $2.8B | ||
| Q1 25 | $2.7B | $2.4B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.5B | $2.0B | ||
| Q1 24 | $2.4B | $1.9B |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $409.1M |
| Free Cash FlowOCF − Capex | $41.7M | $409.0M |
| FCF MarginFCF / Revenue | 13.2% | 161.4% |
| Capex IntensityCapex / Revenue | 0.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $409.1M | ||
| Q3 25 | $30.8M | $83.6M | ||
| Q2 25 | $18.1M | $120.9M | ||
| Q1 25 | $-26.8M | $87.2M | ||
| Q4 24 | $35.2M | $261.2M | ||
| Q3 24 | $15.6M | $100.3M | ||
| Q2 24 | $8.6M | $55.1M | ||
| Q1 24 | $-26.0M | $33.1M |
| Q4 25 | $41.7M | $409.0M | ||
| Q3 25 | $30.0M | $83.6M | ||
| Q2 25 | $17.2M | $120.8M | ||
| Q1 25 | $-28.2M | $87.1M | ||
| Q4 24 | $34.5M | $260.9M | ||
| Q3 24 | $15.0M | $100.1M | ||
| Q2 24 | $7.5M | — | ||
| Q1 24 | $-26.1M | — |
| Q4 25 | 13.2% | 161.4% | ||
| Q3 25 | 10.0% | 34.2% | ||
| Q2 25 | 6.1% | 59.4% | ||
| Q1 25 | -10.4% | 49.9% | ||
| Q4 24 | 13.2% | 167.5% | ||
| Q3 24 | 6.0% | 67.4% | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | -12.0% | — |
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.3% | 0.0% | ||
| Q2 25 | 0.3% | 0.0% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.5% | 0.0% | ||
| Q1 24 | 0.1% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
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% |
PLMR
Segment breakdown not available.
