Clearwater Analytics Holdings, Inc.

CWANNYSETechnologySoftware - Application

$24.56- (-)1Y +28.25%

As of Jul 2, 2026 close

Market cap: $7.24B
P/E (TTM): -
Forward P/E: -
Dividend yield: -
52-week range: $15.74$24.56
Volume (live): -
Avg. volume (3M): -

CWAN was delisted on Oct 24, 2026. Data shown is historical and no longer updated.

Clearwater Analytics Holdings (CWAN) Income Statement

Clearwater Analytics Holdings reported revenue of $731.37M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 61.9% from $451.80M a year earlier. Clearwater Analytics Holdings posted a net loss of $38.81M, compared with net income of $424.38M a year earlier. Gross margin was 67.3% and operating margin -1.1%. In the most recent quarter, Q1 fiscal 2026 (ended Mar 31, 2026), revenue was $221.23M, up 74.4% from the same quarter a year earlier.

Clearwater Analytics Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Clearwater Analytics Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	731.37	451.80	368.17	303.43	252.02	203.22	168.00
Cost of Revenue	239.22	122.99	107.13	87.78	67.86	53.26	47.15
Gross Profit	492.15	328.82	261.04	215.64	184.16	149.96	120.86
Operating Expenses
Research & Development	196.23	150.56	123.93	94.12	72.69	55.26	39.28
Selling, General & Administrative	303.61	166.02	153.86	116.41	83.01	66.12	55.88
Operating Expenses	499.83	316.58	277.79	210.53	155.70	170.38	95.16
Operating Income	-7.69	12.23	-16.75	5.12	28.46	-20.42	25.70
Other Income/Expense
Interest Income	0.00	8.62	6.40	1.14	0.00	0.00	0.00
Interest Expense	45.66	4.33	0.00	0.00	25.68	22.91	17.81
Other Income/Expense	3.68	-37.97	-6.12	-11.59	-10.39	-22.91	-17.89
Income
Income Before Tax	-49.67	-30.06	-22.87	-5.34	-7.61	-43.33	7.81
Income Tax Expense	-9.42	-457.65	0.22	1.36	0.49	0.90	0.07
Net Income	-38.81	424.38	-21.63	-7.97	-8.21	-44.23	7.73
Net Income - Continuous Operations	-40.25	427.59	-21.63	-6.70	-8.09	-44.23	7.73
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	81.53	-13.56	-12.94	10.26	31.95	-18.15	27.63
EBIT	-4.01	-25.74	-16.75	5.12	28.46	-	-
Depreciation & Amortization	85.54	12.18	9.93	5.14	3.49	2.27	2.02
Earnings Per Share
Basic EPS	-	2.00	-	-	-	-	-
Diluted EPS	-	2.00	-	-	-	-	-
Basic Shares Outstanding	271.32	219.32	199.69	185.56	177.68	235.98	235.98
Diluted Shares Outstanding	271.32	254.36	199.69	185.56	236.21	235.98	235.98

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Clearwater Analytics Holdings Financial Statements

What was Clearwater Analytics Holdings's revenue in fiscal 2025?

Clearwater Analytics Holdings reported revenue of $731.37M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 61.9% from $451.80M a year earlier.

Is Clearwater Analytics Holdings profitable?

No. Clearwater Analytics Holdings reported a net loss of $38.81M in fiscal 2025. In fiscal 2024 it earned $424.38M.

What is Clearwater Analytics Holdings's operating margin?

Clearwater Analytics Holdings's operating income was −$7.69M on revenue of $731.37M in fiscal 2025, an operating margin of -1.1%, compared with 2.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition