NYSE$CWAN
Clearwater Analytics Holdings Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Clearwater Analytics reported a strong second quarter, achieving record quarterly revenue and demonstrating continued growth through new client acquisitions.
Clearwater Analytics announced strong Q2 2022 financial results, with a revenue increase of 20.6% year-over-year, reaching $73.4 million. The company continues to grow by adding new clients and displacing competitors. Operating cash flow generation of $18.3 million and free cash flow of $16.5 million.
- Total revenue for the second quarter of 2022 reached $73.4 million, an increase of 20.6% from $60.9 million in the second quarter of 2021.
- Gross profit for the second quarter of 2022 was $52.5 million, compared with $45.3 million in the second quarter of 2021.
- Net loss for the second quarter of 2022 was $2.2 million compared with net loss of $0.2 million in the second quarter of 2021.
- As of June 30, 2022, the net revenue retention rate was 104% which is a decline from 107% as of March 31, 2022.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$73.4M
Forward guidance
Clearwater Analytics provided guidance for the third quarter and full year of 2022.
Tailwinds
- Revenue for Q3 2022 is expected to be between $74.5 million and $75 million.
- Full year 2022 revenue is projected to be between $298 million and $300 million.
- Year-over-year growth for Q3 2022 is expected to be approximately 16%.
- Full year 2022 year-over-year growth is projected to be approximately 19%.
- Adjusted EBITDA for Q3 2022 is expected to be between $19 million and $19.5 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q2 2022
+1.9%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+4.6%
Avg return
30 days after
67%
12 / 18 earnings
Positive
+21.6%
Q3 2024
Best reaction
-13.8%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | +0.1% | +0.3% | |
| Q4 2025 | +0.8% | +0.2% | +1.3% | |
| Q3 2025 | -8.3% | +6.3% | +25.4% | |
| Q1 2025 | +0.7% | +0.5% | +1.6% | |
| Q4 2024 | +10.7% | +13.2% | -2.0% | |
| Q3 2024 | +21.6% | +15.1% | +10.3% | |
| Q2 2024 | +18.7% | +16.3% | +25.1% | |
| Q1 2024 | +8.9% | +10.7% | +20.3% | |
| Q4 2023 | -13.8% | -12.2% | -11.5% | |
| Q3 2023 | +2.9% | +0.4% | +9.3% | |
| Q2 2023 | +2.2% | -2.0% | +6.0% | |
| Q1 2023 | -2.6% | +1.2% | +7.6% | |
| Q4 2022 | -7.4% | -5.7% | -21.7% | |
| Q3 2022 | +8.9% | +10.2% | +19.3% | |
| Q2 2022 | +1.5% | +13.4% | +14.9% | |
| Q1 2022 | -5.1% | -6.9% | -23.3% | |
| Q4 2021 | -10.6% | -11.0% | +5.5% | |
| Q3 2021 | +4.9% | -4.5% | -5.5% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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