NYSE$CWAN
Clearwater Analytics Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Clearwater Analytics reported record quarterly revenue, ARR growth, and strong adjusted EBITDA and cash flow generation.
Clearwater Analytics announced strong Q3 2024 results, with record revenue of $115.8 million, a 22% year-over-year increase. Annualized Recurring Revenue (ARR) reached $456.9 million, up 26% year-over-year. Net income was $4.8 million, and adjusted EBITDA grew by 34% to $38.3 million. The company also highlighted its investments in R&D and new products, as well as an agreement to terminate the Tax Receivable Agreement.
- Clearwater Analytics achieved record quarterly revenue of $115.8 million, representing a 22% year-over-year increase.
- Annualized Recurring Revenue (ARR) grew to $456.9 million, a 26% increase compared to the previous year.
- The company reported net income of $4.8 million, a significant improvement from a net loss in the same quarter last year.
- Adjusted EBITDA increased by 34% to $38.3 million, with a margin of 33.1%.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$116M
Forward guidance
Clearwater Analytics provided guidance for Q4 2024 and full year 2024.
Tailwinds
- Q4 2024 Revenue: $120.2 million
- Q4 2024 Year-over-Year Growth: ~21%
- Q4 2024 Adjusted EBITDA: $38.5 million
- Q4 2024 Adjusted EBITDA Margin: ~32%
- Full Year 2024 Revenue: $445.5 million
Headwinds
- Full Year 2024 Year-over-Year Growth: ~21%
- Full Year 2024 Adjusted EBITDA: $142.5 million
- Full Year 2024 Adjusted EBITDA Margin: ~32%
- Total Equity-based compensation expense and related payroll taxes: ~$106 million
- Depreciation and Amortization: ~$12 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 Q3 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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