Clearwater (CWAN) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 14, 2026 astatine 10:17 AM CDT 43 min read

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Wednesday, November 5, 2025 astatine 5 p.m. ET

• Chief Executive Officer — Sandeep Sahai

• Chief Financial Officer — James Cox

• Head of Investor Relations — Kamil Mielczarek

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Operator: Ladies and gentlemen, convey you for lasting by, and invited to the CWAN Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] And present I would similar to invited Kamil Mielczarek, Head of Investor Relations to statesman the conference. You whitethorn proceed.

Kamil Mielczarek: Thank you, and welcome, everyone, to CWAN's Third Quarter 2025 Financial Results Conference Call. Joining maine connected the telephone contiguous are Sandeep Sahai, Chief Executive Officer; and Jim Cox, Chief Financial Officer. After their remarks, we volition unfastened the telephone to a question-and-answer session. I would similar to punctual each participants that during this league call, immoderate forward-looking statements are made pursuant to the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995.

Expressions of aboriginal goals, intentions and expectations, including successful narration to concern outlook, aboriginal fiscal and merchandise performance, expectations for the acquisitions of Enfusion, Beacon and Bistro and their expected benefits and akin items, including, without limitation, expressions utilizing the terminology may, will, can, expect and judge and expressions which bespeak thing different than humanities facts, are intended to place forward-looking statements. Forward-looking statements impact a fig of risks and uncertainties, including those discussed successful the Risk Factors conception of our filings with the SEC. Actual results whitethorn disagree materially from immoderate forward-looking statements.

The institution undertakes nary work to revise oregon update immoderate forward-looking statements successful bid to bespeak events that whitethorn originate aft this league call, but arsenic required by law. For much information, delight notation to the cautionary connection included successful our net property release. Lastly, each metrics discussed connected this telephone are presented connected a non-GAAP oregon adjusted basis, unless different noted. A reconciliation to GAAP results tin beryllium recovered successful the net property merchandise that we person posted to our Investor Relations website. And with that, I'll crook the telephone implicit to our Chief Executive Officer, Sandeep Sahai.

Sandeep Sahai: Thank you, Kamil. I'm pleased to study that Q3 was a precise beardown 4th for CWAN. The adjacent unanimous attestation of our strategy from clients, partners, analysts and employees is precise inspiring, and we look guardant to continuing to physique the concern absorption level of the future. We delivered revenues of $205.1 million, a 77% year-on-year maturation and ARR reached $807.5 cardinal besides up 77% year-over-year, demonstrating the durability and predictability of our concern model. I don't usage the connection stunning precise often but it is hard to usage different connection for our adjusted quarterly EBITDA of $70.7 million, up sequentially from $58.3 cardinal successful Q2. This was exceptional for respective reasons.