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 multi-year annual
CSM coverage model account-named hybrid
Top customer exec Joaquin De Valenzuela Subi Sethi

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