As of Q4'25, Confluent ( CFLT ) reported Operating Cash Flow of $42.1M and Free Cash Flow of $41.7M, marking the highest values within the observed period. This reflects a significant improvement in cash generation compared to earlier quarters. From Q1'23 to Q4'25, both Operating and Free Cash Flow showed a clear upward trend, transitioning from deep negative values—Operating Cash Flow at -$77.8M and Free Cash Flow at -$82.9M in Q1'23—to consistent positive figures by 2024. Notably, the company experienced intermittent setbacks, such as negative cash flow in Q1'24 and Q1'25, but the overall trajectory demonstrates strengthening financial performance and improved cash management over the nearly three-year period.