secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015760
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Analytics Q1 revenue $84.6M (+20% YoY); raises FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000162828023015760/0001628280-23-015760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000162828023015760/cwan-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer