Clearwater Analytics Holdings Inc
NYSE:CWAN

Watchlist Manager
Clearwater Analytics Holdings Inc Logo
Clearwater Analytics Holdings Inc
NYSE:CWAN
Watchlist
Price: 27.66 USD 1.47%
Market Cap: 6.8B USD

Clearwater Analytics Holdings Inc
Investor Relations

Clearwater Analytics Holdings Inc., a luminary in the financial tech landscape, has carved a niche by providing an industry-leading cloud-native platform for investment accounting, reporting, and analytics. Founded with a vision to revolutionize how institutional investors manage their portfolios, the company has grown to become a trusted partner for major insurers, asset managers, corporations, and government entities worldwide. Clearwater's platform centralizes and streamlines the complex web of data that these financial players grapple with daily. By eliminating the reliance on outdated, manual, and often error-prone legacy systems, Clearwater delivers real-time, comprehensive solutions that clients depend on to make informed decisions. This enables their clients to enhance operational efficiency and focus on strategic investment activities rather than being bogged down by administrative tasks.

Underlying Clearwater's financial prowess is a business model that capitalizes on subscription-based revenue streams. The company charges its clients a recurrent fee for access to its platform, which integrates seamlessly with the clients' existing systems, enabling Clearwater to develop long-term relationships characterized by high retention rates. This model assures Clearwater of a consistent and predictable revenue flow while providing continuous updates and enhancements to its platform, further deepening customer loyalty. Moreover, Clearwater's model fosters a symbiotic relationship with its clientele: as client portfolios grow in complexity or size, the need for Clearwater's advanced analytics becomes even more indispensable, fueling Clearwater's growth while reinforcing its position as a backbone in the investment accounting and analytics sector.

Show more
Loading

Earnings Calls

2024 Q3
Nov 6, 2024
Show Transcript
Previous
Next
Clearwater Analytics Reports Strong Q3 Performance and Optimistic 2024 Outlook
2024 Q3
Nov 6, 2024

In Q3 2024, Clearwater Analytics achieved a remarkable revenue of $115.8 million, reflecting a 22.4% year-over-year increase. Notably, the company reported GAAP net income of $4.8 million, a significant rebound from a loss the previous year. The adjusted EBITDA rose to $38.5 million, with a margin of approximately 32%. For 2024, revenue guidance has been raised to $445.5 million, targeting a 21% growth, alongside an adjusted EBITDA forecast of $142.5 million. The company also highlighted a robust net revenue retention rate of 114%. Clearwater is seeking shareholder approval to terminate a tax receivable agreement, which may enhance future cash flows.

Show Full Analysis

Management

Mr. Sandeep Sahai
CEO & Director
No Bio Available
Mr. James S. Cox Jr.
Chief Financial Officer
No Bio Available
Mr. Souvik Das
Chief Product & Technology Officer
No Bio Available
Mr. Scott Erickson
Chief Revenue Officer
No Bio Available
Ms. Subi Sethi
Chief Client Officer
No Bio Available
Mr. Joon Park
Head of Investor Relations
No Bio Available
Mr. Alphonse Valbrune J.D.
Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Ann-Sophie Skjoldager Bom
Director of Sales
No Bio Available
Mr. Mike Chen
Senior VP & Head of Corporate Development
No Bio Available
Ms. Fleur Sohtz
Chief Marketing Officer
No Bio Available

Contacts

Address
IDAHO
Boise
777 W. Main Street, Suite 900, Suite 900
Contacts