Clearwater Analytics Holdings, Inc. Class A ( (CWAN) ) has released its Q4 earnings. Here is a breakdown of the information Clearwater Analytics Holdings, Inc. Class A presented to its investors.
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Clearwater Analytics Holdings, Inc. is a global, industry-leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, serving a diverse clientele including insurers, asset managers, corporations, and governments. The company, based in Boise, Idaho, recently reported its fourth quarter and full year 2024 financial results, showcasing a record quarterly revenue of $126.5 million, marking a 28% increase year-over-year.
The company achieved remarkable growth in key financial metrics, with its annualized recurring revenue reaching $474.9 million, up 25% from the previous year, and an adjusted EBITDA of $41.7 million, a 39% increase year-over-year. Net income soared to $420.3 million, largely influenced by a one-time income tax benefit. Clearwater Analytics also announced plans to acquire Enfusion, aiming to enhance its platform with comprehensive front-to-back capabilities in the investment management industry.
Key highlights of the financial report include a net revenue retention rate of 116% and a gross profit increase to $92.9 million, equating to a 73.5% gross margin. The fourth quarter also saw a strategic expansion with new high-profile clients and significant growth in assets under management, now totaling $8.8 trillion. The company’s acquisition of Enfusion is expected to broaden its product offerings and market reach.
Looking ahead, Clearwater Analytics maintains a positive outlook for 2025, forecasting revenue growth of up to 20% and adjusted EBITDA margins of approximately 34%. The company remains optimistic about its growth prospects, particularly in North America, Europe, and Asia, and is committed to investing in research and development to stay at the forefront of market trends and technological advancements.
