Pomerantz LLP investigates Confluent over alleged securities fraud after Q2 revenue warning triggers 33% stock drop

Pomerantz LLP is investigating whether Confluent, Inc. and some of its executives engaged in securities fraud following the company's Q2 2025 financial report. Confluent revealed a major AI-native customer shifted to self-managing data platforms, reducing usage of Confluent Cloud and expected to lower Q4 cloud revenue growth by low single digits. This disclosure caused Confluent's stock to plunge 32.86% on July 31, 2025. The investigation seeks to determine if Confluent misled investors about its business prospects, potentially leading to a class action lawsuit.