NYSE$CWAN
Clearwater Analytics Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Clearwater demonstrated strong performance in Q3 2022, achieving record quarterly revenue and expanding into new markets.
Clearwater Analytics reported a strong third quarter with record revenue of $76.6 million, a 19% increase year-over-year. The company won large and global organizations and is expanding its product portfolio through the acquisition of JUMP Technology.
- Total revenue for the third quarter of 2022 reached $76.6 million, an increase of 19% year-over-year.
- Non-GAAP net income for the third quarter of 2022 increased by 59% to $13.8 million.
- As of September 30, 2022, annualized recurring revenue (ARR) reached $303.6 million, an increase of 18.1% year-over-year.
- The company's gross revenue retention rate was 98% for the fifteenth consecutive quarter.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$76.6M
Forward guidance
The company provided revenue guidance for Q4 2022 of $79.3 million to $81.3 million and full year 2022 revenue guidance of $300 million to $302 million.
Tailwinds
- Revenue guidance for the fourth quarter of 2022 is between $79.3 million and $81.3 million.
- Full year 2022 revenue is expected to be between $300 million and $302 million.
- Year-over-year growth for Q4 revenue is projected to be approximately 14% to 16%.
- Full year 2022 year-over-year growth is expected to be approximately 19% to 20%.
- Adjusted EBITDA for Q4 2022 is guided to be between $22.2 million and $23.2 million.
Headwinds
- Revenue guidance for the fourth quarter of 2022 assumes approximately $1 million in revenue from JUMP Technology post-acquisition.
- Achieving the revenue guidance is dependent on the timing of closing the JUMP Technology acquisition.
- Certain components of the guidance are provided on a non-GAAP basis without providing a reconciliation to guidance provided on a GAAP basis.
- The company does not have access to certain information that would be necessary to provide such a reconciliation, including non-recurring items.
- The company does not believe that this information is likely to be significant to an assessment of the company’s ongoing operations.
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 Q3 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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