secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001628280-24-033751
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Analytics Q2 revenue $106.8M (+19% YoY); net income $0.3M vs loss, adj EBITDA $33.4M (+35%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000162828024033751/0001628280-24-033751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000162828024033751/cwan-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033751

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