Confluent delivered solid Q2 2024 results with total revenue reaching $235 million, up 24% YoY, driven by subscription revenue of $224.7 million (+27% YoY) and Confluent Cloud revenue of $117 million (+40% YoY). The company achieved non-GAAP operating income of $1.3 million, marking significant improvement from a $17.3 million loss last year.The company reported 1,306 customers with $100,000+ in ARR, up 14% YoY, and achieved its largest sequential increase in total customer count in two years. Operating metrics showed substantial improvement with non-GAAP operating margin reaching 0.6% and free cash flow margin at 1.2%, compared to -9.2% and -18.6% respectively in Q2 2023.For Q3 2024, Confluent expects subscription revenue of $233-234 million and non-GAAP operating margin of 0%. The company maintains its focus on driving efficient growth and achieving breakeven for non-GAAP operating margin and free cash flow margin for full-year 2024.

Confluent delivered solid Q2 2024 results with total revenue reaching $235 million, up 24% YoY, driven by subscription revenue of $224.7 million (+27% YoY) and Confluent Cloud revenue of $117 million (+40% YoY). The company achieved non-GAAP operating income of $1.3 million, marking significant improvement from a $17.3 million loss last year.The company reported 1,306 customers with $100,000+ in ARR, up 14% YoY, and achieved its largest sequential increase in total customer count in two years. Operating metrics showed substantial improvement with non-GAAP operating margin reaching 0.6% and free cash flow margin at 1.2%, compared to -9.2% and -18.6% respectively in Q2 2023.For Q3 2024, Confluent expects subscription revenue of $233-234 million and non-GAAP operating margin of 0%. The company maintains its focus on driving efficient growth and achieving breakeven for non-GAAP operating margin and free cash flow margin for full-year 2024.