NYSE$CWAN
Clearwater Analytics Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Clearwater Analytics' financial performance re-accelerated growth and improved the bottom line.
Clearwater Analytics reported a revenue of $89.9 million, a 22.4% increase year-over-year. The company's ARR reached $349.5 million, up 20.4% year-over-year. Adjusted EBITDA was $24.8 million, up 30.2% year-over-year.
- Total revenue for the second quarter of 2023 reached $89.9 million, an increase of 22.4% year-over-year.
- Adjusted EBITDA for the second quarter of 2023 was $24.8 million, an increase of 30.2% year-over-year.
- ARR reached $349.5 million, an increase of 20.4% year-over-year.
- Net revenue retention rate was 109%.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$89.9M
Forward guidance
The company provided guidance for the third quarter and full year 2023. They expect revenue of $92 million for Q3 and $364 to $366 million for the full year. Adjusted EBITDA is expected to be $25.5 million for Q3 and $100 million for the full year.
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 2023
+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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