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Confluent’s IPO: The Details You Need To Know

‘Data in motion’ software developer Confluent filed S-1 and amended S-1 documents with the U.S. Securities and Exchange Commission in recent weeks, providing information about the company’s financial performance, ownership and go-to-market plans in advance of its much-anticipated IPO. Here’s a deep dive into the details.

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Key Financial Statistics

For the year ended Dec. 21, 2020, Confluent recorded revenue of $236.6 million, up 37 percent from $149.8 million in 2019. Revenue in 2020 included $208.6 million from subscription fees and $27.9 million in service revenue. For 2020 the company’s net loss was $229.8 million compared to a $95.0 net loss in 2019.

For the three months ended March 31, 2021, Confluent reported revenue of $77.0 million, up 51 percent from $50.9 million in the first three months of 2020. The company reported a $44.5 million net loss for the three months ended March 31, 2021, compared to a $33.6 million net loss in the first three months of 2020.

Revenue from the company’s Confluent Platform was $115.8 million in 2019 and $177.2 million in 2020 while revenue from the company’s Confluent Cloud was $14.4 million in 2019 and $31.4 million in 2020.

Confluent had 1,473 employees as of March 31, 2021.

 

 
 
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