CWAN
Clearwater Analytics Holdings, Inc.
Next earnings Aug 7, 2026 (after close) · consensus $0.17 EPS, $234M rev
Last earnings +0.1% on 2026-05-07
$24.56
▲ 0.00%$24.56▲ +13.44%
over 1Y
L $15.89EODHDH $24.56
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.0%
1W+0.1%
1M+0.6%
3M+4.6%
YTD+1.9%
1Y+13.4%
Hold
Conviction
Horizon
Short (<3mo)
Street · 15 analysts
Buy
Pending ~$8.4B take-private (expected Q2 2026) caps the upside; strong SaaS franchise but the call is now merger-arbitrage.
Revenue $731M · FY2025
Clearwater Analytics is a high-growth, cloud-native investment-accounting and analytics platform serving insurers, asset managers and other institutions — aggregating data on over $10 trillion of invested assets for 2,500+ clients, with industry-leading NPS and a gross revenue retention rate of at least 98% in 27 of the last 28 quarters. The recurring 'Base+' revenue model and single-instance multi-tenant architecture create genuine network effects. Fundamentally the business is scaling fast: FY2025 revenue grew 61.9% to $731M (boosted by acquisition) at a 67.3% gross margin, and operating cash flow more than doubled to $176M.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $252M | $303M | $368M | $452M | $731M |
| Gross profit | $184M | $216M | $261M | $329M | $492M |
| Operating income | $28.5M | $5.12M | -$16.7M | $12.2M | -$7.69M |
| Net income | -$8.21M | -$7.97M | -$21.6M | $424M | -$38.8M |
| Diluted EPS | -$0.05 | -$0.04 | -$0.11 | $1.68 | -$0.14 |
| Net margin | -3.3% | -2.6% | -5.9% | 93.9% | -5.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield—
FCF yield—
Quality & risk
ROIC (est.)-0.2%
Free cash flow$164M
Total debt$823M
Net cash-$731M
Piotroski F-Score2/7
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — agreement terminated (2026-06-25). Worth a closer look.
Recent filings
all on EDGAR ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗4Period ending 2026-06-252026-06-25open ↗POSASRFiling2026-06-25open ↗
Frequently asked
- Is Clearwater Analytics Holdings, Inc. (CWAN) a buy?
- CWAN currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Pending ~$8.4B take-private (expected Q2 2026) caps the upside; strong SaaS franchise but the call is now merger-arbitrage.
- What is Clearwater Analytics Holdings, Inc.'s quality score?
- CWAN scores 45.51282051282052/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001866368, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:56:01 PM.
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