cust.co / Compare / Clearwater Analytics vs DLocal

Clearwater Analytics vs DLocal - 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.

Clearwater Analytics (CWAN)
108.0%
FY-2025 · Fintech SaaS
vs
DLocal (DLO)
145.0%
FY2025-Q4 · Fintech SaaS
DLocal leads by +37.0pp on latest NRR (145.0% vs 108.0%).

NRR over time

90%107%123%140%157% FY2023-Q4FY2024-Q3FY2025-Q1FY2025-Q3FY-2025FY-2024 NRR Clearwater Analytics DLocal 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% DLocal — FY2024-Q4: 140% DLocal — FY2025-Q1: 144% DLocal — FY2025-Q3: 149% DLocal — FY2025-Q4: 145% DLocal — FY-2024: 140%

DLocal hit a higher all-time peak (149.0% in FY2025-Q3).

Stat-by-stat

Metric Clearwater Analytics DLocal
Latest NRR 108.0% 145.0%
All-time peak NRR 116.0% 149.0%
All-time low NRR 98.0% 140.0%
QoQ change -6.0pp -4.0pp
YoY change +10.0pp +5.0pp
3-year change - -
Disclosures tracked 9 5

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