Confluent, Inc.
CFLTQ4 2024(CFLT Q3 FY2024)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$283.6M
AI Revenue (Q)
$28.2M
Total Revenue (Q)
$563.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total revenue: $250.2M ($239.9M subscription + $10.3M services). Company operates as one reportable segment. Zero mentions of AI in the filing text. Subscription revenue grew 27% YoY. During Q3 2024, Confluent acquired WarpStream (a Kafka-compatible streaming platform). Enterprise AI agent deployments and RAG architectures were proliferating, each requiring real-time data streaming infrastructure. Conservative estimate of 5% reflecting accelerating enterprise AI pipeline adoption. Math: ~$12.5M / $250.2M = ~5%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue: Subscription $239,851 Services $10,348 Total revenue $250,199 (three months ended September 30, 2024)
10-Q Q3 FY2024, Condensed Consolidated Statements of Operations
Issuance of common stock in connection with a business combination
10-Q Q3 FY2024, Statements of Stockholders Equity (WarpStream acquisition)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Confluent CloudConfluent PlatformApache Flink on Confluent CloudWarpStream
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix