Confluent, Inc. (CFLT) shares were trading at $17.12 as of August 4th, with a forward P/E of 47.85. The company reported strong Q2 2025 results, with revenue up 20.1% YoY to $282.3M. Confluent continues to see growth in cloud capabilities, with cloud revenue now accounting for 53% of total revenue.

In Q2, Confluent saw strong performance, with revenue growing 20.1% YoY to $282.3M. Non-GAAP operating margin expanded to 6.3%, while free cash flow margin improved to 3.9%. Despite headwinds from cloud consumption optimization, management raised FY25 guidance, projecting subscription revenue of $1.105–$1.110B.

While GitLab Inc. has seen a 6% stock price depreciation, the bullish thesis on the company remains intact. Confluent, Inc. is also positioned for growth, with strong DSP adoption and AI-driven workloads. Sergey shares a positive view on both companies, emphasizing Confluent’s potential in the growing data streaming market.

Read more at Yahoo Finance: Confluent, Inc. (CFLT): A Bull Case Theory