Which has higher NRR - Flywire or Clearwater Analytics?

As of their most recent disclosures, Flywire has higher NRR (110.0% vs 108.0%) - a difference of +2.0pp.

Which had the higher all-time NRR peak?

Flywire hit 125.0% in FY-2023 versus Clearwater Analytics's peak of 116.0% in FY2024-Q4.

cust.co / Compare / Flywire vs Clearwater Analytics

Flywire 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.

Flywire (FLYW)

110.0%

FY-2025 · Fintech SaaS

Clearwater Analytics (CWAN)

108.0%

FY-2025 · Fintech SaaS

Flywire leads by +2.0pp on latest NRR (110.0% vs 108.0%).

NRR over time

Flywire hit a higher all-time peak (125.0% in FY-2023).

Stat-by-stat

Metric	Flywire	Clearwater Analytics
Latest NRR	110.0%	108.0%
All-time peak NRR	125.0%	116.0%
All-time low NRR	110.0%	98.0%
QoQ change	-4.0pp	-6.0pp
YoY change	-15.0pp	+10.0pp
3-year change	-	-
Disclosures tracked	5	9

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