XML 30 R15.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue

8. Revenue

 

Disaggregation of Revenue

 

The following table sets forth revenue disaggregated by geographic markets based on the location of the customer and by subscription and service categories (dollars in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Geographic markets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

246,676

 

 

 

64

%

 

$

156,104

 

 

 

66

%

 

$

101,709

 

 

 

68

%

International

 

 

141,188

 

 

 

36

%

 

 

80,473

 

 

 

34

%

 

 

48,096

 

 

 

32

%

Total revenue

 

$

387,864

 

 

 

100

%

 

$

236,577

 

 

 

100

%

 

$

149,805

 

 

 

100

%

Subscriptions and services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Confluent Platform - License

 

$

69,183

 

 

 

18

%

 

$

49,043

 

 

 

21

%

 

$

37,094

 

 

 

25

%

Confluent Platform - PCS

 

 

183,737

 

 

 

47

%

 

 

128,178

 

 

 

54

%

 

 

78,664

 

 

 

52

%

Confluent Cloud

 

 

94,179

 

 

 

24

%

 

 

31,412

 

 

 

13

%

 

 

14,448

 

 

 

10

%

Subscription

 

 

347,099

 

 

 

89

%

 

 

208,633

 

 

 

88

%

 

 

130,206

 

 

 

87

%

Services

 

 

40,765

 

 

 

11

%

 

 

27,944

 

 

 

12

%

 

 

19,599

 

 

 

13

%

Total revenue

 

$

387,864

 

 

 

100

%

 

$

236,577

 

 

 

100

%

 

$

149,805

 

 

 

100

%

 

Other than the United States, no individual country represented 10% or more of total revenue during the years ended December 31, 2021, 2020, and 2019.

 

Remaining Performance Obligations (“RPO”)

 

RPO represent the amount of contracted future revenue that has not yet been recognized as of the end of each period, including both deferred revenue that has been invoiced and non-cancelable committed amounts that will be invoiced and recognized as revenue in future periods. RPO exclude pay-as-you-go arrangements. As of December 31, 2021, the Company’s RPO is $500.6 million, approximately 64% of which is expected to be recognized as revenue over the next 12 months and the substantial majority of the remainder in the next 13 to 36 months.

 

 

Deferred Revenue

 

Deferred revenue, including current and non-current balances as of December 31, 2021 and 2020, was $246.5 million and $159.2 million, respectively. For the years ended December 31, 2021, 2020, and 2019, revenue recognized from deferred revenue at the beginning of each year was $141.7 million, $83.4 million, and $44.2 million, respectively.

 

Deferred Contract Acquisition Costs

 

The following table summarizes the activity of deferred contract acquisition costs (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Beginning balance

 

$

47,599

 

 

$

25,499

 

Capitalization of contract acquisition costs

 

 

57,922

 

 

 

38,129

 

Amortization of deferred contract acquisition costs

 

 

(26,697

)

 

 

(16,029

)

Ending balance

 

$

78,824

 

 

$

47,599