cust.co / Compare / Clearwater Analytics vs Avalara

Clearwater Analytics vs Avalara - 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.

Avalara leads by +5pp on latest NRR (113% vs 108%).

NRR over time

95%101%107%113%119% FY2023-Q4FY2024-Q4FY2025-Q3FY2026-Q1FY2020-Q2FY2021-Q1FY2021-Q4FY2022-Q2 NRR Clearwater Analytics Avalara 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% Avalara - FY2019-Q4: 111% Avalara - FY2020-Q1: 109% Avalara - FY2020-Q2: 107% Avalara - FY2020-Q3: 108% Avalara - FY2020-Q4: 115% Avalara - FY2021-Q1: 107% Avalara - FY2021-Q2: 116% Avalara - FY2021-Q3: 112% Avalara - FY2021-Q4: 116% Avalara - FY2022-Q1: 115% Avalara - FY2022-Q2: 113%

Stat-by-stat

Metric Clearwater Analytics Avalara
Latest NRR 108% 113%
All-time peak NRR 116% 116%
All-time low NRR 98% 107%
QoQ change +0pp -2pp
YoY change +10pp -3pp
3-year change - -
Disclosures tracked 10 11

Customer cohorts

MetricClearwater AnalyticsAvalara
Total customers 1,400 20,110
Over $100K ARR - -
Over $1M ARR 100 -
Top-10 concentration - -
Average ACV - -
US revenue mix 73.4% 93.7%

Commercial structure

MetricClearwater AnalyticsAvalara
Total RPO - $394M
Current RPO (12mo) - $383M
Multi-year contracts - -
Avg contract length - -
Subscription rev mix - 91%
New customers added 100 950

Post-sales motion

MetricClearwater AnalyticsAvalara
CS team size - -
Customers per CSM - -
Pricing model hybrid subscription
Renewal cadence annual annual
CSM coverage model hybrid -
Top customer exec Subi Sethi -

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