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The latest update is out from Clearwater Analytics Holdings ( (CWAN) ).
Clearwater Analytics has amended its Tax Receivable Agreement, agreeing to a $72.5 million settlement to terminate its obligations, potentially saving $542 million in future liabilities. This strategic move, pending shareholder approval, aims to enhance financial certainty and cash flow utilization. The company also reported strong Q3 2024 financial results, with record revenue of $115.8 million and a 34% increase in adjusted EBITDA, while continuing to invest in innovation and leadership expansion to drive growth and market differentiation.
Learn more about CWAN stock on TipRanks’ Stock Analysis page.