Confluent (NASDAQ:CFLT) Surpasses Q4 CY2025 Revenue and EPS Estimates Amid Slowing Large Customer Wins

Confluent (NASDAQ:CFLT) reported Q4 CY2025 revenue of $314.8 million, up 20.5% year-on-year, and non-GAAP profit of $0.12 per share, 21.1% above consensus. The stock closed at $30.43 after the report. Supporting context: The company added 1,521 enterprise customers paying over $100,000 annually, a 34-unit increase from the prior quarter, but new enterprise wins slowed, signaling reliance on upsell or down-market acceleration for future growth. Analysts project 15.8% CAGR in revenue over the next 12 months, below its 22.5% annualized pace over the past two years but above sector average. A definitive agreement was announced on December 8, 2025, for IBM (NYSE: IBM) to acquire Confluent at $31.00 per share, valued at $11 billion, with a planned closing by mid-2026 pending approvals.