earnings
confidence high
sentiment positive
materiality 0.75
Clearwater Analytics Q2 revenue $106.8M (+19% YoY); net income $0.3M vs loss, adj EBITDA $33.4M (+35%)
Clearwater Analytics Holdings, Inc.
2024-Q2 EPS reported
$0.01
revenue$209,510,000
- Revenue $106.8M (+18.8% YoY); net income $0.3M vs net loss of $11.9M in Q2 2023.
- Adjusted EBITDA $33.4M (+34.7% YoY), margin 31.3%; ARR $427.2M (+22.2%); gross retention 99%, net retention 110%.
- Free cash flow $42.4M (+117% YoY); cash and investments $297.6M; total debt $47.9M.
- Q3 2024 guidance: revenue $113-114M, adj EBITDA $36M; FY 2024 guidance: revenue $442-444M, adj EBITDA $140M.
- Acquired advanced analytics platform from Wilshire Advisors; client wins: Franklin Templeton, AXA XL, M&G Investments, Erste Asset Management.