As of Q4'25, CFLT's EV/Sales ratio stands at 36.21, showing a moderate increase from the previous quarter's 28.58. This latest value reflects a partial recovery after a period of decline, marking a notable rebound in the company's valuation relative to its sales. From Q1'23 to Q4'25, the EV/Sales ratio for CFLT has exhibited significant volatility, peaking at 53.80 in Q2'23 before trending downward with intermittent rebounds. After reaching a high in mid-2023, the ratio generally declined, hitting a low of 28.58 in Q3'25, followed by a sharp rise in Q4'25. This pattern suggests fluctuating market sentiment and valuation pressures over the observed period.