Enfusion, Inc. ( (ENFN) ) has released its Q4 earnings. Here is a breakdown of the information Enfusion, Inc. presented to its investors.
Enfusion, Inc. is a prominent provider of software-as-a-service solutions tailored for investment managers, offering a unified platform that integrates front, middle, and back-office operations to enhance data-driven decision-making and collaboration.
In its latest earnings report, Enfusion reported a notable increase in both quarterly and annual revenues, demonstrating steady growth in its SaaS offerings. The company’s fourth-quarter revenue rose by 13.9% year-over-year, reaching $52.9 million, while the annual revenue for 2024 climbed to $201.6 million, marking a 15.5% increase from the previous year.
Key financial metrics highlighted in the report include a gross profit margin of 69.0% for the fourth quarter and an adjusted EBITDA of $12.3 million, which represents a 25.3% increase from the prior year. The company also reported an annual recurring revenue of $210.4 million, reflecting a 13.6% growth, and a net dollar retention rate of 103.0%, indicating strong client retention and expansion.
Looking ahead, Enfusion is poised for a significant transition as it enters into a definitive agreement to be acquired by Clearwater Analytics, with the transaction expected to close in the second quarter of 2025. This strategic move is anticipated to further enhance Enfusion’s market position and operational capabilities, subject to regulatory approvals and shareholder consent.