InsuranceAsia News Recognizes Clearwater Analytics' Excellence in Investment Management TechnologyBOISE, Idaho and SINGAPORE, Jan. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that InsuranceAsia News has named Clearwater Analytics the winner of the Technology Provider of the Year Excellence Award for the second year in a row. Clearwater Analytics Wins the InsuranceAsia ne ...

Note 7. Supplemental Consolidated Balance Sheet Information Accounts Receivable, net | --- | --- | --- | --- | --- | |------------------------------------|-------|------------------------------------|-------|-------------------------------| | Deferred tax liabilities | $ | September 30, \n2023 \n4,756 | $ | December 31, \n2022 \n5,932 | | Acquisition holdback liability | | 3,650 | | 3,496 | | Asset retirement obligation | | 155 | | 119 | | Other long-term liabilities | $ | 8,561 | $ | 9,547 | Note 8. Leases ...

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Joon Park - Head, Investor Relations Sandeep Sahai - Chief Executive Officer Jim Cox - Chief Financial Officer Conference Call Participants Rishi Jaluria - RBC Ella Smith - JPMorgan Michael Infante - Morgan Stanley David Unger - Wells Fargo Peter Heckmann - D.A. Davidson Gabriela Borges - Goldman Sachs Dylan Becker - William Blair Brian Schwartz - Oppenheimer Operator Thank you f ...

Safe Harbor For ward-looking statements involve known and unknown risks, uncertainities, ond other factors, mory of which are beyond Clearwater Anadytics: control, ihat may cause our ochievements to be nateiridly different from any future results, performance or ochievements expressed or implied by the forward-koking stobements. These risk, and uncertan differ materially from Clearwater Analytics' current expectations and include, but are not limited to, our doilily lo keep poce with rapid bethnological cha ...

Financial Data and Key Metrics Changes - In Q2 2023, Clearwater Analytics reported revenue of $89.9 million, representing a year-over-year growth of 22.4% driven by solid expansion at existing clients and strong onboarding activity [17][18] - Adjusted EBITDA for Q2 was $24.8 million, with an EBITDA margin of 27.6%, exceeding guidance by $2 million [20][49] - Free cash flow for Q2 was $19.6 million, reflecting an 18.5% year-over-year growth [23] - The company raised its full-year revenue guidance to a range of $364 million to $366 million, indicating a growth of approximately 20% to 21% year-over-year [24][49] Business Line Data and Key Metrics Changes - The average go-live time for clients decreased to approximately six months, showcasing improved operational efficiency [7][42] - Annualized recurring revenue (ARR) at the end of Q2 was $349.5 million, a 20.4% increase year-over-year [42] - Net revenue retention rate (NRR) improved to 109% as of June 30, 2023, indicating success in expanding services within existing clients [43][81] Market Data and Key Metrics Changes - The demand environment remains strong across key industries including insurance, asset management, corporates, and government, with a growing pipeline of deals [8][34] - The company has seen significant growth in Europe, particularly in Northern Europe and the French and Benelux markets [34][35] Company Strategy and Development Direction - Clearwater Analytics is focusing on operational excellence, addressing client pain points, and enhancing its commercial model, which has transitioned to a base plus pricing structure [11][40] - The company is investing in R&D to expand its platform capabilities, particularly in Europe and Asia, and is working on generative AI solutions to improve client service and operational efficiency [12][14][38] - A strategic partnership with JPMorgan Asset Management was announced, integrating Clearwater's platform with Morgan Money, which is expected to enhance client engagement and onboarding [33][98] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong client retention and satisfaction as key drivers [18][66] - The macro environment is viewed as stable, with confidence in the new commercial model to mitigate risks [130][131] - The company is excited about the potential of generative AI to transform operations and enhance client interactions [55][100] Other Important Information - Non-GAAP gross profit for Q2 was $68.1 million, with a gross margin of 75.8%, slightly improving from the previous year [60] - The company ended the quarter with $277.8 million in cash and cash equivalents, resulting in net cash holdings of approximately $229 million [47] Q&A Session Summary Question: Can you comment on the onboarding process and client sizes? - Management noted that onboarding includes both new clients and additional assets from existing clients, with a focus on improving the collaborative onboarding process [70][72] Question: How does generative AI impact onboarding and efficiency? - Management believes generative AI can significantly enhance onboarding efficiency and reduce time to value for clients [78][102] Question: What is the outlook for net revenue retention and product attach rates? - Management indicated that the improvement in NRR is sustainable and linked to the successful implementation of the new commercial model and product offerings [106][108] Question: How is the competitive landscape evolving? - Management sees a strong competitive position, particularly with the unique features of their platform, and noted opportunities arising from competitor acquisitions [120][118]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ______________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40838 Clearwater Analytics Holdings, Inc. (Exact Name of Registrant as Sp ...

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Joon Park – Head-Investor Relations Sandeep Sahai – Chief Executive Officer Jim Cox – Chief Financial Officer Conference Call Participants Kevin McVeigh – Credit Suisse Rishi Jaluria – RBC Michael Infante – Morgan Stanley David Unger – Wells Fargo Jackson Ader – SVB MoffettNathanson Gabriela Borges – Goldman Sachs Dylan Becker – William Blair Ari Friedman – Oppenheimer Yun Kim – Loop ...

Table of Contents FORM 10-Q Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted ...

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Overview 40 Acquisition of JUMP Technology Initial Public Of ering Transactions • the amendment and restatement of the limited liability company agreement of CWAN Holdings to, among other things, appoint Clearwater Analytics Holdings, Inc. as the sole managing member of CWAN Holdings and provide certain exchange and redemption rights to direct or indirect holders of interests in CWAN Holdings and/or our Class B co ...

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Company Participants Joon Park - Head, Investor Relations Sandeep Sahai - Chief Executive Officer Jim Cox - Chief Financial Officer Conference Call Participants Rishi Jaluria - RBC Michael Infante - Morgan Stanley Ele Smith - JPMorgan Ella Smith - JPMorgan Gabriela Borges - Goldman Sachs David Unger - Wells Fargo Kamil Mielczarek - William Blair Brian Schwartz - Oppenheimer Yun Kim - Loop Capital Ma ...