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Dec 31, 2021
Clearwater Q4 2021 Earnings Report
Clearwater Analytics reported strong Q4 2021 results with revenue up 27% year-over-year and a net retention rate of 111%.
Key Takeaways
Clearwater Analytics announced strong fourth quarter results, with revenue reaching $69.8 million, a 27.4% increase year-over-year. The company's gross revenue retention rate remained high at 98%, and the net revenue retention rate improved to 111%. Clearwater Analytics continues to expand into international markets, adding over 100 new clients in 2021.
Q4 2021 revenue reached $69.8 million, up 27.4% year-over-year.
Gross revenue retention rate was 98%.
Net revenue retention rate improved to 111%.
Net income for the quarter was $0.1 million.
Clearwater
Clearwater
Forward Guidance
Clearwater Analytics provided first quarter and full year 2022 guidance.
Positive Outlook
- First quarter 2022 revenue is expected to be approximately $70 million, representing a 23% year-over-year growth.
- Full year 2022 revenue is projected to be between $302 million and $304 million, reflecting approximately 20% year-over-year growth.
- First quarter 2022 adjusted EBITDA is expected to be between $17 million and $18 million.
- Full year 2022 adjusted EBITDA is projected to be between $80 million and $82 million.
- The company anticipates continued growth and expansion in its operations.
Challenges Ahead
- Equity-based compensation is expected to be approximately $66 million for the full year 2022.
- Depreciation and amortization are projected to be around $5 million for the full year 2022.
- Interest expense is estimated to be approximately $2 million for the full year 2022.
- The non-GAAP effective tax rate is expected to be 29%.
- The diluted share count is projected to be approximately 255 million.