Clearwater Analytics (CWAN) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Clearwater Analytics Announces First Quarter 2024 Financial Results ARR is calculated at the end of a period by dividing the recurring revenue in the last month of such period by the number of days in the month and multiplying by 365. • Gross Revenue Retention Rate: As of March 31, 2024, the gross revenue retention rate was 99%, compared to 97% as of March 31, 2023. The Company has reported a gross revenue retention rate of at least 98% for twenty out of the twenty-one prior quarters. Gross rev ...