CFOs are suddenly feeling very confident.

CFO confidence climbed to a four-year high in Q4 of 2025, according to Deloitte’s released CFO Signals report. The latest confidence score, 6.6 on a scale of 1–10, was “substantially higher than the Q3 reading of 5.7,” and not much lower than the record score, 7.2, from Q3 2021, placing it “squarely in high confidence territory,” according to the report’s authors.

And just like anyone who’s listened to the aforementioned power pop breakup anthem playlist and then gone on an ill-advised date: CFOs are also feeling risky.

Nearly six out of 10 CFOs think it’s a good time to take more risk, a steep climb from just 36% who said the same in Q3. The report covers survey responses from 200 CFOs at North American companies with at least $1 billion in annual revenue, though you’d think it was a poll of extremely self-assured teenagers from the confidence results.

So, what gives? Short answer