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CONFLUENT Confluent Announces Third Quarter 2021 Financial Results November 4 , 2021 • Total revenue of $ 103 million , up 67 % year over year • Confluent Cloud revenue of $ 27 million , up 245 % year over year • Remaining performance obligations of $ 385 million , up 75 % year over year .664 customers with $ 100,000 or greater in ARR , up 48 % year over year MOUNTAIN VIEW , Calif .-- ( BUSINESS WIRE ) -- Nov . 4 , 2021-- Confluent , Inc. ( NASDAQ : CFLT ) , the platform for data in motion , today announced financial results for its third quarter 2021 , ended September 30 , 2021 . " Harnessing the power of data in motion is a major factor in determining which organizations win in the modern era , " said Jay Kreps , co - founder and CEO , Confluent . " This imperative - combined with the massive cross - industry migration to the public cloud - has driven an acceleration to 245 % year - over - year growth for Confluent Cloud as organizations look for a platform that connects and processes all of their data , everywhere it is . " " We delivered our first quarter with more than one hundred million dollars in total revenue , a milestone for our business , and saw continued year - over - year growth acceleration in total revenue , Confluent Cloud revenue , and remaining performance obligations , " said Steffan Tomlinson , CFO , Confluent . " Our strong dollar - based net retention rate , which once again exceeded 130 % in the third quarter , is a testament to the power of our data - in motion platform and the strength of our go - to - market model . " Third Quarter 2021 Financial Highlights ( In millions , except per share data and percentages ) Total Revenue Remaining Performance Obligations GAAP Operating Loss ( 1 ) Non - GAAP Operating Loss GAAP Net Loss Per Share ( 1 ) Non - GAAP Net Loss Per Share Net Cash Used in Operating Activities Free Cash Flow Q3 2021 $ 102.6 $ 385.0 Financial Outlook For the fourth quarter and fiscal year 2021 , Confluent expects : $ ( 94.8 ) $ ( 42.6 ) Total Revenue Non - GAAP Operating Loss Non - GAAP Net Loss Per Share $ ( 0.37 ) $ ( 0.17 ) $ ( 18.0 ) $ ( 20.6 ) Q3 2020 $ 61.5 $ 220.2 $ ( 140.0 ) $ ( 19.7 ) Q4 2021 Outlook $ 108- $ 110 million $ ( 59 ) - $ ( 57 ) million $ ( 0.23 ) - $ ( 0.21 ) $ ( 1.34 ) $ ( 0.18 ) $ ( 9.2 ) $ ( 10.3 ) A reconciliation of each non - GAAP financial measure to the most directly comparable GAAP financial measure is provided in the financial statement tables included in this press release . For a description of these non - GAAP financial measures , including the reasons management uses each measure , please see the section titled " Non - GAAP Financial Measures . " Y / Y Change 67 % 75 % ( 1 ) Includes the one - time impact of $ 111.9 million of stock - based compensation expense in connection with a tender offer and secondary sales of our common stock and convertible founder stock in Q3 2020 . $ 45.2 $ ( 22.9 ) $ 0.97 $ 0.01 $ ( 8.8 ) $ ( 10.3 ) Fiscal 2021 Outlook $ 376- $ 378 million $ ( 170 ) - $ ( 168 ) million $ ( 0.92 ) - $ ( 0.90 ) A reconciliation of forward - looking non - GAAP operating loss and non - GAAP net loss per share to the most directly comparable GAAP measures is not available without unreasonable effort , as certain items cannot be reasonably predicted because of their high variability , complexity and low visibility . In particular , the measures and effects of our stock - based compensation expense specific to our equity compensation awards and employer payroll tax - related items on employee stock transactions are directly impacted by the timing of employee stock transactions and unpredictable fluctuations in our stock price , which we expect to have a significant impact on our future GAAP financial results . Conference Call Information Confluent will host a video webcast to discuss the company's third quarter 2021 results as well as its financial outlook today at 4:30 p.m. Eastern Time / 1 : 30 p.m. Pacific Time . Open to the public , investors may access the webcast , earnings press release , supplemental financial information , and investor presentation on Confluent's investor relations website at investors.confluent.io before the commencement of the webcast . A replay of the webcast will also be accessible from Confluent's investor relations website a few hours after the conclusion of the live event .