Spring WebFlux is a reactive web framework that uses Reactive Streams and non-blocking behavior to provide better scalability than traditional Spring MVC. It uses a small number of threads to handle requests asynchronously through reactive programming. Spring WebFlux supports both annotation-based and functional programming models for building reactive server-side web applications that can handle HTTP requests and WebSockets in a non-blocking manner through reactive streams. Router functions route incoming requests to handler functions based on matching predicates.