NYSE$CWAN
Clearwater Analytics Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Clearwater Analytics reported strong Q2 2024 earnings with significant growth in revenue, ARR, and adjusted EBITDA.
Clearwater Analytics announced strong second-quarter results, marked by a 19% year-over-year increase in revenue to $106.8 million and a 22% rise in Annual Recurring Revenue (ARR) to $427.2 million. The company's adjusted EBITDA grew by 35% year-over-year, reaching $33.4 million, and free cash flow increased by 117%.
- Revenue increased by 19% year-over-year, reaching $106.8 million.
- ARR grew by 22% year-over-year, totaling $427.2 million.
- Adjusted EBITDA increased by 35% year-over-year, amounting to $33.4 million.
- Free cash flow increased by 117% compared to the previous year.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$107M
Forward guidance
Clearwater Analytics provided guidance for the third quarter and full year of 2024, expecting continued revenue growth and strong adjusted EBITDA margins.
Tailwinds
- Revenue is expected to be between $113 million and $114 million for Q3 2024.
- Full-year revenue is projected to be between $442 million and $444 million.
- Adjusted EBITDA is anticipated to be $36 million for Q3 2024.
- Full-year adjusted EBITDA is expected to be $140 million.
- Adjusted EBITDA margin is projected to be approximately 32% for both Q3 and the full year.
Headwinds
- Total equity-based compensation expense and related payroll taxes are expected to be approximately $106 million for the full year.
- Depreciation and Amortization is expected to be approximately $12 million for the full year.
- Non-GAAP effective tax rate is projected at 25%.
- Diluted non-GAAP share count is expected to be approximately 258 million.
- Certain components of the guidance are provided on a non-GAAP basis without a reconciliation to GAAP basis.
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 2024
+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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