cust.co / Compare / Clearwater Analytics vs Alkami

Clearwater Analytics vs Alkami - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

Alkami leads by +7pp on latest NRR (115% vs 108%).

NRR over time

95%101%107%113%119% FY2023-Q4FY2024-Q3FY2025-Q1FY2025-Q3FY-2025FY2026-Q1 NRR Clearwater Analytics Alkami Clearwater Analytics - FY2023-Q4: 107% Clearwater Analytics - FY2024-Q2: 110% Clearwater Analytics - FY2024-Q3: 114% Clearwater Analytics - FY2024-Q4: 116% Clearwater Analytics - FY2025-Q1: 98% Clearwater Analytics - FY2025-Q2: 98% Clearwater Analytics - FY2025-Q3: 108% Clearwater Analytics - FY2025-Q4: 114% Clearwater Analytics - FY-2025: 108% Clearwater Analytics - FY2026-Q1: 108% Alkami - FY-2025: 115%

Clearwater Analytics hit a higher all-time peak (116% in FY2024-Q4).

Stat-by-stat

Metric Clearwater Analytics Alkami
Latest NRR 108% 115%
All-time peak NRR 116% 115%
All-time low NRR 98% 115%
QoQ change +0pp -
YoY change +10pp -
3-year change - -
Disclosures tracked 10 1

Customer cohorts

MetricClearwater AnalyticsAlkami
Total customers 1,400 1,000
Over $100K ARR - -
Over $1M ARR 100 -
Top-10 concentration - -
Average ACV - -
US revenue mix 73.4% 100%

Commercial structure

MetricClearwater AnalyticsAlkami
Total RPO - $1.7B
Current RPO (12mo) - $853M
Multi-year contracts - -
Avg contract length - 70 mo
Subscription rev mix - 95.8%
New customers added 100 6

Post-sales motion

MetricClearwater AnalyticsAlkami
CS team size - 40
Customers per CSM - -
Pricing model hybrid subscription
Renewal cadence annual multi-year
CSM coverage model hybrid account-named
Top customer exec Subi Sethi -

How does your NRR stack up?

Compute yours in 30 seconds. Get a live retention report showing where you stack up, your expansion gap, and which public companies sit closest to your numbers.