As of Q4'25, Confluent's latest Operating ROA stands at -2.65%, with ROE at -6.78% and ROIC at -4.27%. These figures indicate that while all three profitability metrics remain negative, there has been a gradual improvement over the observed period from Q1'23 to Q4'25. From Q1'23 to Q4'25, the chart shows a consistent upward trend across ROA, ROE, and ROIC, with each metric steadily reducing its negative value. ROA improved from -6.65% in Q1'23 to -2.65% in Q4'25, while ROE moved from -20.48% to -6.78% and ROIC from -8.84% to -4.27% over the same period. This trend suggests that Confluent is making progress toward operational efficiency and narrowing its losses, although it has yet to achieve positive returns.