NYSE$CWAN
Clearwater Analytics Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Clearwater Analytics' Q4 2023 financial results were announced, featuring revenue growth and improved profitability.
Clearwater Analytics reported a strong Q4 2023 with revenue reaching $99.0 million, a 20% increase year-over-year. The company's adjusted EBITDA margin was 30.3%, and free cash flow was $22.5 million. Clearwater Analytics ended the year with $379.1 million in Annualized Recurring Revenue (ARR), reflecting a 17.2% year-over-year growth.
- Revenue for Q4 2023 reached $99.0 million, representing a 20% increase year-over-year.
- The company's Annualized Recurring Revenue (ARR) grew to $379.1 million, a 17.2% increase year-over-year.
- Adjusted EBITDA margin for Q4 2023 was 30.3%.
- Gross Revenue Retention Rate stood at 98%, while Net Revenue Retention Rate was 107%.
Headline financials
Revenue & EPS history
Clearwater · Revenue · Quarterly
$99M
Forward guidance
Clearwater Analytics anticipates revenue of approximately $100.5 million and an adjusted EBITDA of $28.8 million for the first quarter of 2024. For the full year 2024, the company projects revenue between $431 million and $437 million and an adjusted EBITDA between $135 million and $137 million.
Tailwinds
- Revenue is expected to be approximately $100.5 million for Q1 2024.
- Adjusted EBITDA is anticipated to be $28.8 million for Q1 2024.
- Full year 2024 revenue is projected to be between $431 million and $437 million.
- Full year 2024 adjusted EBITDA is expected to range from $135 million to $137 million.
- The company anticipates a year-over-year revenue growth of approximately 17% to 19% for the full year 2024.
Headwinds
- Certain components of the guidance are provided on a non-GAAP basis without a reconciliation to GAAP.
- The company does not have access to certain information needed to provide a GAAP reconciliation.
- Guidance includes estimates for total equity-based compensation expense and depreciation and amortization.
- The non-GAAP effective tax rate is projected at 25%.
- The diluted non-GAAP share count is estimated to be approximately 258 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 Q4 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro