earnings
confidence high
sentiment positive
materiality 0.75
Clearwater Analytics Q1 revenue $84.6M (+20% YoY); raises FY guidance
Clearwater Analytics Holdings, Inc.
2023-Q1 EPS reported
-$0.02
revenue$84,606,000
- Revenue $84.6M vs $70.8M YoY; net loss $5.4M vs net income $0.5M; non-GAAP net income $17.6M (+38%).
- Adjusted EBITDA $22.5M ($22.5M vs $18.9M YoY); margin 26.6%; free cash flow $6.2M (+33%).
- ARR $337.4M (+17.5% YoY); Net revenue retention 106%; gross revenue retention 97%.
- Q2 revenue guidance $87.5M; FY 2023 revenue guidance raised to $362-364M, adj. EBITDA $97-98M.
- New clients include Bank of America Private Bank, Merrill Lynch; marquee names added.