Clearwater Q2 revenue $89.9M (+22% YoY); ARR $349.5M (+20%); guides FY revenue $364-366M

Clearwater Analytics Holdings, Inc.

2023-Q2 EPS reported -$0.08 revenue$174,485,000

Q2 revenue $89.9M (+22.4% YoY); non-GAAP net income $20.0M (+50.9%); adj. EBITDA $24.8M (+30.2%).
ARR $349.5M (+20.4% YoY); gross retention 98%; net retention 109%.
Net loss $11.9M includes $28.7M equity-based comp ($5.5M from JUMP acquisition).
FY 2023 guidance: revenue $364-366M (~20-21% growth); adj. EBITDA $100M.
J.P. Morgan partnership; Aviva go-live; Clearwater-GPT AI initiative.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clearwater Analytics Holdings, Inc. reported quarter ended June 30, 2023 results: revenue $89.9 million, net income Net loss for the second quarter of 2023 was $11.9 million, EPS $0.06.

Period: quarter ended June 30, 2023
Revenue: $89.9 million
Net income: Net loss for the second quarter of 2023 was $11.9 million
EPS: $0.06
Result: reported results

Exact text from the filing

is contained in the attached press release. --- EX-99.1 (EX-99.1) --- Clearwater Analytics Announces Second Quarter 2023 Financial Results Record Quarterly Revenue of $89.9 Million, Up 22% Year-Over-Year Adjusted EBITDA of $24.8 Million, Up 30 % Year-Over-Year Annualized Recurring Revenue of $349.5 Million, Up 20% Year-Over-Year Gross Revenue Retention Rate

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Source: SEC EDGAR

accession 0001628280-23-026774

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