NYSE$CWAN
Clearwater Analytics Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported revenue of $64.5 million, a 21% increase year-over-year, with a gross revenue retention rate of 98% and a net revenue retention rate of 111%.
Clearwater Analytics reported a strong third quarter in 2021, marked by a 21% increase in revenue to $64.5 million and robust retention rates. The company's net loss was $11.4 million, including a $10.3 million loss on debt extinguishment, while non-GAAP net income reached $8.7 million. Clearwater's ARR reached $257.0 million, reflecting continued growth and market penetration.
- Revenue reached $64.5 million, up 21% year-over-year.
- Gross profit was $46.7 million with a gross margin of 72.4%.
- Net loss was $11.4 million, including a $10.3 million loss on debt extinguishment.
- ARR reached $257.0 million, a 20% increase year-over-year.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$64.5M
Forward guidance
The company expects total revenue to be in the range of $66.0 million to $67.0 million for the fourth quarter of 2021. Adjusted EBITDA margin is expected to be approximately 26% for the fourth quarter of 2021.
Tailwinds
- Total revenue is expected to be in the range of $66.0 million to $67.0 million for the fourth quarter of 2021.
- Implies full-year 2021 revenue of $248.3 million to $249.3 million.
- Full-year revenue growth of 22% to 23%.
- Adjusted EBITDA margin is expected to be approximately 26% for the fourth quarter of 2021.
- Implies full-year 2021 adjusted EBITDA margin of approximately 28%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports
+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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