secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001628280-24-019629
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 $102.7M (+21%); ARR $402.3M; guides FY rev $438-442M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000162828024019629/0001628280-24-019629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000162828024019629/cwan-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019629

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