cust.co / Compare / nCino vs Clearwater Analytics

nCino vs Clearwater Analytics - 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.

nCino leads by +2pp on latest NRR (110% vs 108%).

NRR over time

95%101%107%113%119% FY2024-Q4FY2025-Q4FY2026-Q4FY2023-Q4FY2024-Q3FY2025-Q2FY2026-Q1 NRR nCino Clearwater Analytics nCino - FY2024-Q4: 106% nCino - FY-2025: 106% nCino - FY2025-Q4: 106% nCino - FY2026-Q3: 116% nCino - FY2026-Q4: 112% nCino - FY-2026: 110% Clearwater Analytics - FY2024-Q4: 116% Clearwater Analytics - FY-2025: 108% Clearwater Analytics - FY2025-Q4: 114% Clearwater Analytics - FY2023-Q4: 107% Clearwater Analytics - FY2024-Q2: 110% Clearwater Analytics - FY2024-Q3: 114% Clearwater Analytics - FY2025-Q1: 98% Clearwater Analytics - FY2025-Q2: 98% Clearwater Analytics - FY2025-Q3: 108% Clearwater Analytics - FY2026-Q1: 108%

Stat-by-stat

Metric nCino Clearwater Analytics
Latest NRR 110% 108%
All-time peak NRR 116% 116%
All-time low NRR 106% 98%
QoQ change -2pp +0pp
YoY change +4pp +10pp
3-year change - -
Disclosures tracked 6 10

Customer cohorts

MetricnCinoClearwater Analytics
Total customers 2,700 1,400
Over $100K ARR 620 -
Over $1M ARR 114 100
Top-10 concentration - -
Average ACV - -
US revenue mix 77.9% 73.4%

Commercial structure

MetricnCinoClearwater Analytics
Total RPO $1.3B -
Current RPO (12mo) $797M -
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 88% -
New customers added 6 100

Post-sales motion

MetricnCinoClearwater Analytics
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence annual annual
CSM coverage model hybrid hybrid
Top customer exec Sean Desmond 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.