Confluent, Inc.
| Company Name | Confluent, Inc. |
| Stock Symbol | CFLT |
On July 30, 2025, after market hours, Confluent released its second quarter 2025 financial results, stating that “an AI-native customer has been making a broad-based move towards self-management of internal data platforms, reducing their Confluent Cloud usage as a result.” The Company noted that it “continue[s] to support [the client’s] data streaming needs and have now closed a Confluent Platform deal with them in Q3. This represents a significant reduction in total spending with Confluent starting in Q4 and is expected to dampen [Confluent’s] Q4 cloud revenue growth rate by low single digits.”
On this news, Confluent’s stock price fell $8.67, or 32.8%, to close at $17.73 per share on July 31, 2025, thereby injuring investors.
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