Clearwater Analytics Holdings Inc.
Clearwater Analytics Reports Strong Q4 and Full Year 2024 Financial Results
Summary
Clearwater Analytics Holdings, Inc. reported robust financial results for Q4 and the full year of 2024, achieving record quarterly revenue of $126.5 million, a 27.7% year-over-year increase, and annual recurring revenue of $474.9 million, a 25.3% year-over-year increase. The company posted a net income of $420.3 million for Q4 and $427.6 million for the full year, significantly higher than the previous year's net loss. Key metrics included a gross revenue retention rate of 98% and a net revenue retention rate of 116%. The company also announced its intent to acquire Enfusion, Inc. for $1.5 billion to expand its investment management platform.
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About Clearwater Analytics Holdings Inc.
Clearwater Analytics Holdings Inc. is a software-as-a-service (SaaS) company that specializes in providing web-based investment accounting, reporting, and analytics solutions. Its primary function is to assist clients in managing and automating their investment operations, delivering clear insights into investment portfolios. The company's platform is focused on offering unparalleled transparency, accuracy, and efficiency to institutional investors, asset managers, insurance firms, and corporate treasuries. Clearwater Analytics plays a significant role in the financial technology sector, helping organizations optimize their investment processes through precise data aggregation, reconciliation, and reporting. By integrating technology and financial expertise, Clearwater aids its clients in achieving regulatory compliance and improving financial performance. Established with the vision of transforming the way investment data is managed and analyzed, Clearwater Analytics holds a pivotal position in the market by enhancing operational workflows and decision-making for its users.
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