earnings
confidence high
sentiment positive
materiality 0.75
Clearwater Analytics Q1 revenue $102.7M (+21%); ARR $402.3M; guides FY rev $438-442M
Clearwater Analytics Holdings, Inc.
2024-Q1 EPS reported
$0.01
revenue$102,719,000
- Net income of $2.2M vs loss of $5.4M YoY; non-GAAP net income $26.2M (+48.8%).
- Adjusted EBITDA $32.2M (31.3% margin, +470 bps); free cash flow $8.6M (+38%).
- Gross revenue retention 99%; net revenue retention 110% as of March 31, 2024.
- Completed acquisition of Wilshire Advisors risk/analytics platforms on April 22, 2024.
- Q2 revenue guidance $105M-$106M; FY2024 revenue $438M-$442M; Adj. EBITDA $137M-$139M.