Clearwater Analytics Holdings

Clearwater Analytics Holdings, Inc. engages in the provision of web-based investment portfolio accounting, reporting, and reconciliation services. It operates through the United States and Rest of World geographical segments. Its products include automated data aggregation and validation, investment accounting, integrated reporting tools, a user-friendly solution, and business-specific tools. The company was founded in 2004 and is headquartered in Boise, ID.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Clearwater Analytics posts strong Q4 results, eyes growth opportunities

Clearwater Analytics delivered robust financial results in Q4 2022, with strong revenue growth and improved retention rates.
The company's strategic pillars and expanded product offerings have positioned it well for continued growth and market share gains.
While facing challenges such as resistance to new models and integration complexities, Clearwater is focused on leveraging opportunities for revenue expansion and market penetration.
With a solid financial position and a clear growth strategy, Clearwater Analytics is poised for sustained success and value creation in the coming year.

Clearwater Analytics reports strong Q1 growth and eyes international expansion

Clearwater Analytics delivered robust financial performance in Q1, driven by revenue growth and operational improvements.
While facing challenges in revenue retention and market strategies, the company remains well-positioned for growth.
Opportunities lie in expanding internationally, optimizing sales efficiency, and leveraging R&D investments.
Overall, Clearwater's Q1 performance and strategic initiatives set a positive trajectory for future success.

Clearwater Analytics reports robust Q2 growth and AI innovation

Clearwater Analytics delivered strong financial performance in Q2, with revenue growth and raised full-year guidance.
The company's strengths lie in operational excellence, AI innovation, and strategic partnerships driving future growth.
Challenges include maximizing revenue impact from initiatives like JUMP, amid a competitive landscape.
Clearwater has opportunities to leverage AI, enhance client interactions, and capitalize on stable market conditions.

Clearwater Analytics reports robust Q3 earnings, eyes M&A expansion

Clearwater Analytics delivered strong financial performance in Q3, driven by disciplined execution and client success.
The company's focus on innovation, expanding TAM, and addressing client needs positions it for future growth.
Despite challenges in scaling and potential competition, Clearwater remains optimistic about revenue growth opportunities.

Clearwater Analytics reports robust 2023 performance and optimistic 2024 outlook

Clearwater Analytics had a strong performance in 2023 and is well-positioned for growth with promising revenue guidance for 2024.
The company's strengths lie in its innovative platform, focus on disruptive technology, and commitment to client relationships and revenue stability.
Challenges include maintaining data integrity, navigating regulatory landscapes, and balancing investments for growth, while opportunities exist in market expansion and leveraging regulatory demands.
Clearwater's strategic focus on technology, market adaptation, and client needs underscores its potential for continued success and market leadership.

Clearwater Analytics (CWAN) posts robust Q1 results, eyes sustained growth

Clearwater Analytics Holdings (CWAN) delivered strong financial performance in Q1 2024, driven by organic revenue growth and strategic acquisitions. The company aims to enhance gross margin efficiency, drive customer-driven innovation, and expand its product suite for sustained growth.

Clearwater Analytics excels in Q2, raises guidance amid market expansion

Clearwater Analytics delivered a strong performance in Q2 2024, showcasing impressive revenue growth, margin improvement, and operational efficiency.
The company's strategic focus on new product development, market expansion, and client retention positions it well for continued success and growth.
While facing challenges in a competitive landscape, Clearwater has ample opportunities to drive innovation, enhance customer experience, and capture new market segments.

Clearwater Analytics excels in Q3, eyes growth through innovation

Clearwater Analytics delivered exceptional Q3 results, exceeding revenue and EBITDA targets with record free cash flow.
The company's strategic focus on innovation, international expansion, and client relationships positions it well for future growth.
Challenges lie in operational targets like EBITDA margin expansion and discreet product commercialization, requiring careful execution.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

While the top- and bottom-line numbers for Clearwater Analytics (CWAN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Clearwater Analytics (CWAN) Q4 Earnings: A Look at Key Metrics

Clearwater Analytics (CWAN) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago.

Clearwater Analytics (CWAN) Beats Q4 Earnings and Revenue Estimates

Q4 2023 Revenue of $99.0 million, up 20% year-over-year  Full Year 2023 Revenue of $368.2 million, up 21% year-over-year Q4 2023 Adjusted EBITDA margin of 30.3%; Q4 2023 Free Cash Flows of $22.5 million Q4 2023 Gross Revenue Retention Rate of 98%; Net Revenue Retention Rate of 107% BOISE, Idaho , Feb. 28, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Full Year 2023  Revenue $99.0 million $368.2 million Year-over-Year Revenue Growth % 19.8 % 21.3 % Annualized Recurring Revenue (ARR)1 $379.1 million Year-over-Year ARR Growth % 17.2 % Net  Loss $(3.4) million $(23.1) million Net Loss Margin % (3.5) % (6.3) % Adjusted EBITDA $30.0 million $105.9 million Adjusted EBITDA Margin % 30.3 % 28.8 % 1ARR is a point in time metric, therefore fourth quarter 2023 and full year 2023 results are the same.

Clearwater Analytics Announces Fourth Quarter and Full Year 2023 Financial Results

State Treasuries Can Now Manage Local Government Investment Pools and State General Funds Using Clearwater for Pooled Funds BOISE, Idaho , Feb. 15, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the availability of Clearwater for Pooled Funds. This solution aims to transform and simplify the way state treasurers manage their investments and operations.

Clearwater Analytics Extends Support for Accounting With Fund Accounting and Pooled Participant Interaction

Overcoming Legacy Solution Limitations, Clearwater MLx Provides Investment Professionals with All-in-One Solution to Drive Growth BOISE, Idaho , Feb. 13, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has expanded its product portfolio of offerings with Clearwater MLx, an all-in-one solution for mortgage loan investors. Clearwater MLx addresses the limitations of legacy solutions by providing investment professionals with a comprehensive platform to drive growth and make informed decisions at every stage of the loan lifecycle, from origination and deal management, to analytics, accounting, and reporting.

Clearwater Analytics Empowers Investors with Clearwater MLx, A Comprehensive Mortgage Loan Investment Solution

BOISE, Idaho , Feb. 8, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, will release financial results for the fourth quarter and full year ended December 31, 2023 after the U.S. financial markets close on Wednesday, February 28, 2024. In conjunction with its earnings announcement, Clearwater Analytics will host a conference call on February 28, 2024, at 5:00 p.m.

Clearwater Analytics to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

BOISE, Idaho , Feb. 8, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that a member of its executive leadership team will be participating in the following investor conferences in the first quarter of 2024. Clearwater Analytics Chief Financial Officer Jim Cox will join a fireside chat and participate in one-on-one meetings at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Tuesday, March 5, 2024.

Clearwater Analytics to Participate in Upcoming Investor Conferences in First Quarter 2024

New Managing Director to Drive Clearwater Growth in Europe & APAC BOISE, Idaho and LONDON , Feb. 7, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the appointment of Keith Viverito as Managing Director, EMEA. With over 20 years of experience in high-growth companies serving financial markets, Viverito brings a strong track record of delivering exceptional results and a passion for people and customer success to Clearwater.

Clearwater Analytics Expands International Leadership Team with Appointment of Keith Viverito

Leading Reinsurer Gains Front-, Middle- and Back- Office Coverage with Modular, All-in-One Solution BOISE, Idaho, and PARIS , Feb. 5, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Paris, France based Caisse Centrale de Réassurance (CCR), a top reinsurer, has chosen Clearwater to power its entire investment management processes and streamline its unlisted assets workflow. CCR is a state-owned reinsurer that provides insurance companies operating in France with state-guaranteed coverage against natural disasters and other exceptional risks in the public interest.

Caisse Centrale de Réassurance Selects Clearwater's Full-Investment Lifecycle Solution

InsuranceAsia News Recognizes Clearwater Analytics' Excellence in Investment Management Technology BOISE, Idaho and SINGAPORE , Jan. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that InsuranceAsia News has named Clearwater Analytics the winner of the Technology Provider of the Year Excellence Award for the second year in a row. The InsuranceAsia News Excellence Awards celebrate the best firms in the Asia Pacific (re)insurance market, recognizing those companies for their exceptional solutions, innovation, and commitment to their customers.

Clearwater Analytics Wins InsuranceAsia News Excellence Award for Second Consecutive Year

Welcomes Shane Akeroyd as New Chief Strategy Officer and Ann-Sophie Skjoldager Bom to Lead Relationship with Strategic Asset Management Clients BOISE, Idaho , Jan. 9, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the appointment of Shane Akeroyd as its Chief Strategy Officer (CSO) and Ann-Sophie Skjoldager Bom as the Sales Director responsible for Strategic Asset Management clients. As Clearwater transitions to a multi-product company across the entire investment management space, Akeroyd will help develop the Company's long-term strategic growth plan, including Clearwater's overall product portfolio expansion and M&A initiatives.

Clearwater Analytics Strengthens Leadership Team with Key Appointments

Clearwater Analytics Holdings Inc. NASDAQ: CWAN is a leading investment accounting, reporting and management platform in the business services sector. Asset managers use it, as do insurers, enterprises and government agencies, including Thornburg, DC.gov, Meta Platforms Inc. (NASDAQ: META), Facebook, Fifth Third Bank Inc. NASDAQ: FITB, Zillow Group Inc. NASDAQ: Z and NC State University.

Clearwater Analytics: An affordable, best-of-breed SaaS play

Study Reveals Healthy Appetite for More AI, Machine Learning & Cloud-Based Technology Solutions BOISE, Idaho and SINGAPORE , Dec. 7, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today published its 2024 Hong Kong & Singapore Insurance Industry Outlook report. The survey, conducted in October and November of 2023, engaged over 80 insurers and insurance asset managers in Hong Kong and Singapore, representing over $2.5 trillion in assets under management.

New Clearwater Analytics Report Highlights Key Considerations for APAC Insurers in 2024

While the top- and bottom-line numbers for Clearwater Analytics (CWAN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Clearwater Analytics (CWAN) Reports Q3 Earnings: What Key Metrics Have to Say

I recommend a buy due to CWAN strong performance in margins and growth outlook. CWAN's revenue has been consistently growing at about 20% plus, with a gross margin of 72% and a strong net income growth. Recent results show strong revenue growth and an improved NRR, driven by CWAN's market dominance, AI development, and continuous product innovation.

Clearwater Analytics Holdings: AI Initiatives Likely To Drive NRR Target

According to Study, Technology Platform Proves Pivotal in Managing and Optimizing Liquidity Portfolios BOISE, Idaho , Nov. 14, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its 2023 Insurer Cash and Short-Term Investment Management Market Outlook study. The survey conducted in September 2023 engaged over 120 insurers and represented $2 trillion in assets underlining the most substantial trends in insurer cash and short-term investment management.

Clearwater Analytics Study Shows Insurer Investor Shift

BOISE, Idaho, Nov. 6, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. ("Clearwater" or the "Company") (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the pricing of its previously announced underwritten secondary public offering of its Class A common stock, par value $0.001 per share (the "Common Stock"), priced at a price to the public of $17.50 per share. The offering consists of 20,000,000 shares of Common Stock, upsized from the previously announced 17,000,000 shares, to be sold by certain affiliates of each of Welsh, Carson, Anderson & Stowe, Warburg Pincus LLC and Permira Advisers LLC (collectively, the "Selling Stockholders").

Clearwater Analytics Announces Pricing of Upsized Secondary Offering of Class A Common Stock

Clearwater Analytics offers software designed to help investment managers see portfolio problems before they become a major issue.

New Approach Could Help This Firm Prevent Another Silicon Valley Bank

Clearwater Analytics Holdings, Inc. (NYSE:CWAN ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Joon Park - Head, Investor Relations Sandeep Sahai - Chief Executive Officer Jim Cox - Chief Financial Officer Conference Call Participants Rishi Jaluria - RBC Ella Smith - JPMorgan Michael Infante - Morgan Stanley David Unger - Wells Fargo Peter Heckmann - D.A. Davidson Gabriela Borges - Goldman Sachs Dylan Becker - William Blair Brian Schwartz - Oppenheimer Operator Thank you for joining, ladies and gentlemen, and thank you all for standing by.

Clearwater Analytics Holdings, Inc. (CWAN) Q3 2023 Earnings Call Transcript

Record Quarterly Revenue of $94.7 Million, Up 24% Year-Over-Year Adjusted EBITDA of $28.6 Million, Up 51 % Year-Over-Year Adjusted EBITDA margin of 30% BOISE, Idaho , Nov. 1, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended September 30, 2023. "Our Q3 financial performance speaks for itself and is a direct result of Clearwater's tireless commitment to disciplined execution and client success.

Clearwater Analytics Announces Third Quarter 2023 Financial Results

Chartis Research Acknowledges Clearwater Analytics' Excellence in Investment Management Technology BOISE, Idaho , Oct. 26, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Chartis Research has named Clearwater Analytics the winner of the Buyside50 Award in the Investment Lifecycle – Insurance/Pension Funds category.  The RiskTech Buyside50 rankings honor the top financial technology vendors in the investment management industry.

Clearwater Analytics Wins RiskTech Buyside 50 Award for Second Consecutive Year

Among the best stocks to buy and watch, software leader Clearwater Analytics is rebounding from a key support level in today's stock market.

Software Leader Clearwater Analytics Rebounds From Key Support Level

BOISE, Idaho , Oct. 18, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, will release financial results for the third quarter ended September 30, 2023 after the U.S. financial markets close on Wednesday, November 1, 2023. In conjunction with this announcement, Clearwater Analytics will host a conference call on November 1, 2023, at 5:00 p.m.

Clearwater Analytics to Announce Third Quarter 2023 Financial Results on November 1, 2023

BOISE, Idaho , Oct. 18, 2023 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that members of its executive leadership team will be participating in the following investor conferences in the fourth quarter of 2023. Clearwater Analytics Chief Executive Officer Sandeep Sahai will join a fireside chat and participate in one-on-one meetings at the 2023 RBC Capital Markets Global Technology, Internet, Media, Telecommunications Conference in New York City on Wednesday, November 15, 2023.

Clearwater Analytics to Participate in Upcoming Investor Conferences in Fourth Quarter 2023

Clearwater's Best-in-Class SaaS Solution Simplifies Investment Accounting Management for Leading French Asset Manager BOISE, Idaho and PARIS , Oct. 18, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Ofi Invest Asset Management, part of Ofi Invest Group and France's fifth-largest asset management group with more than €187 billion under management, has chosen Clearwater's platform to power its investment accounting management, reporting, and services. Distinctive in the French asset management market, Ofi Invest Asset Management offers its institutional and insurance clients the service of managing their investment accounting function across their entire portfolios.

News for Clearwater Analytics Holdings Stock (CWAN)