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Clearwater Analytics Holdings (CWAN)
NYSE:CWAN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.12Last Year’s EPS
$0.1Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 0.42%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call for CWAN Q3 2024 was largely positive, with strong revenue growth, high retention rates, and record free cash flow. The company is expanding internationally and innovating with GenAI, although it faces some challenges with interest rate implications and significant TRA liabilities.Company Guidance
During Clearwater Analytics' Q3 2024 earnings call, the company reported impressive financial metrics, showcasing robust growth. Revenue for the quarter reached $115.8 million, marking a 22.4% year-over-year increase. The annualized recurring revenue (ARR) grew by 26.1% year-on-year to $456.9 million, with the gross revenue retention (GRR) maintaining a remarkable 99% for the last three quarters. Notably, the company achieved a net revenue retention (NRR) rate of 114%, driven by onboarding additional assets and cross-selling new products, contributing approximately 9% to the NRR. The company also reported a record-high free cash flow of $48.1 million, a significant 55.6% increase from Q3 2023. With a strong cash position of $336.7 million and a net cash holding of approximately $290 million, Clearwater Analytics is well-positioned for strategic investments. Looking ahead, the company has set Q4 2024 revenue guidance at a minimum of $120.2 million, indicating a 21% year-over-year growth rate, and raised its full-year revenue guidance to $445.5 million, reflecting a 21% growth rate.Strong Revenue Growth
Revenue for Q3 2024 was $115.8 million, a 22.4% year-on-year increase. Annualized recurring revenue (ARR) grew by 26.1% year-on-year to $456.9 million.
Record High Free Cash Flow
Free cash flow for Q3 2024 was a record $48.1 million, representing an increase of 55.6% from last year's Q3.
High Gross Revenue Retention
The company recorded a gross revenue retention rate of 99% for the last three quarters, highlighting strong customer retention.
Net Revenue Retention Increase
Net revenue retention rate increased to 114% in Q3 2024, up from 110% last quarter.
Strategic New Alliances and Expansion
New strategic hires in Europe and Asia, along with a new office in Hong Kong, demonstrate a commitment to international growth.
Innovative Use of GenAI
Clearwater is at the forefront of using GenAI to enhance efficiency and growth, integrating it into workflows and client interactions.
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CWAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CWAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $28.58 | $32.79 | +14.73% |
| Jul 31, 2024 | $19.55 | $23.52 | +20.31% |
| May 01, 2024 | $15.82 | $17.18 | +8.60% |
| Feb 28, 2024 | $19.44 | $17.22 | -11.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clearwater Analytics Holdings (CWAN) report earnings?
Clearwater Analytics Holdings (CWAN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Clearwater Analytics Holdings (CWAN) earnings time?
Clearwater Analytics Holdings (CWAN) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWAN EPS forecast?
CWAN EPS forecast for the fiscal quarter 2024 (Q4) is $0.12.
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