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Jun 30, 2023
Clearwater Q2 2023 Earnings Report
Clearwater Analytics' financial performance re-accelerated growth and improved the bottom line.
Key Takeaways
Clearwater Analytics reported a revenue of $89.9 million, a 22.4% increase year-over-year. The company's ARR reached $349.5 million, up 20.4% year-over-year. Adjusted EBITDA was $24.8 million, up 30.2% year-over-year.
Total revenue for the second quarter of 2023 reached $89.9 million, an increase of 22.4% year-over-year.
Adjusted EBITDA for the second quarter of 2023 was $24.8 million, an increase of 30.2% year-over-year.
ARR reached $349.5 million, an increase of 20.4% year-over-year.
Net revenue retention rate was 109%.
Forward Guidance
The company provided guidance for the third quarter and full year 2023. They expect revenue of $92 million for Q3 and $364 to $366 million for the full year. Adjusted EBITDA is expected to be $25.5 million for Q3 and $100 million for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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