earnings
confidence high
sentiment positive
materiality 0.80
Clearwater Q3 revenue $115.8M (+22% YoY); ARR $456.9M (+26%); TRA buyout $72.5M
Clearwater Analytics Holdings, Inc.
2024-Q3 EPS reported
$0.02
revenue$325,338,000
- Revenue $115.8M (+22.4% YoY); net income $4.8M vs loss $2.3M; Adjusted EBITDA $38.3M (+34.3%).
- ARR $456.9M (+26.1% YoY); GRR 99%; NRR 114%; operating cash flow $49.7M (+57%).
- TRA buyout: one-time settlement $72.5M to terminate all past/future payments; expects $542M savings on $614M total liability.
- Q4 guidance: revenue $120.2M, FY24 $445.5M; Adjusted EBITDA $142.5M (margin ~32%).
- Non-GAAP diluted EPS $0.12; appointed Fleur Sohtz as CMO; cash & investments $336.7M.