Clearwater Analytics Holdings, Inc. earnings

Clearwater Analytics reported first quarter fiscal 2026 revenue of $221.2 million, up 74.4% from $126.9 million in the prior-year quarter.

CWAN ended fiscal 2025 with fourth-quarter revenue of $217.5 million, up 72.0% year over year. Full-year revenue reached $731.4 million, up 61.9%. ARR hit $841 million at December 31, 2025, up 77% from $475 million a year earlier.

Clearwater Analytics reported third quarter 2025 revenue of $205.1 million, up 77.1% from $115.8 million in the prior-year quarter. Gross profit rose 59.2% to $134.5 million from $84.5 million. GAAP gross margin fell to 65.6% from 72.9% as amortization of acquired intangibles and data and technology costs climbed.

Clearwater Analytics reported $181.9 million of GAAP revenue for FY2025 Q2, up 70.4% from the prior-year quarter. GAAP gross profit rose 54.1% to $118.5 million. The revenue mix showed the acquisition effect, with the recently acquired Enfusion and Beacon businesses adding a large block of revenue.

Clearwater Analytics reported first-quarter 2025 revenue of $126.9 million, up 23.5% from the prior-year quarter. Gross profit was $92.9 million, up 24.7%, and GAAP gross margin reached 73.3%, up from 72.6% a year earlier.

Clearwater Analytics reported fourth-quarter fiscal 2024 revenue of $126.5 million, up 27.7%. Full-year revenue was $451.8 million, up 22.7%. Gross profit rose 31.4% to $92.9 million in the quarter and 26.0% to $328.8 million for the year.

Clearwater Analytics reported third quarter revenue of $115.83 million, up 22.4% year over year. Gross profit was $84.47 million, up 24.9%, and gross margin expanded to 72.9%. The company swung to an operating profit of $7.34 million, an operating margin of 6.3%.

Clearwater Analytics posted a strong second quarter of fiscal 2024, with revenue of $106.8 million, up 18.8% from $89.9 million a year earlier. Annualized recurring revenue reached $427.2 million as of June 30, 2024, up 22.2% from $349.5 million as of June 30, 2023.

Clearwater Analytics reported first quarter fiscal 2024 revenue of $102.7 million, up 21.4% from the prior-year quarter. Gross profit rose 24.7% to $74.5 million. GAAP gross margin reached 72.6%, up 1.9 percentage points. The operating loss narrowed to $0.2 million.

Clearwater Analytics closed fiscal 2023 with fourth quarter revenue of $99.0 million, up 19.8% from $82.7 million a year earlier. Full year revenue reached $368.2 million, up 21.3% from $303.4 million. Gross profit rose to $70.7 million in the fourth quarter, up 18.4%, and $261.0 million for the full year, up 21.1%.

Clearwater Analytics reported third quarter 2023 revenue of $94.7 million, up 23.7%. Gross profit rose to $67.7 million. Gross margin improved to 71.5%, up 1.1 percentage points. The quarter showed solid top-line growth, but GAAP profitability remained under pressure.

Clearwater Analytics reported $89.9 million of revenue for the second quarter of fiscal 2023, up 22.4% from $73.4 million in the same quarter last year. Year-to-date revenue reached $174.5 million, an increase of 21.0%. New client wins and asset growth at existing accounts did the work.

Clearwater Analytics opened fiscal 2023 with first quarter revenue of $84.6 million, up 19.5% from $70.8 million in the prior-year quarter. Management credited growth in the client base and changes in existing clients' assets for the increase.

Clearwater Analytics closed fiscal 2022 with fourth-quarter revenue of $82.7 million, up 18.5% from $69.8 million in the prior-year quarter. Full-year revenue reached $303.4 million, up 20.4% from $252.0 million.

Clearwater Analytics reported third quarter fiscal 2022 revenue of $76.6 million, up 18.7% from the prior-year quarter. Gross profit rose 15.3% to $53.8 million, while gross margin was 70.3%, down 2.1 percentage points.

Clearwater Analytics reported $73.4 million of revenue for the second quarter of fiscal 2022, up 20.6% from $60.9 million in the prior-year quarter. Year-to-date revenue was $144.2 million, up 22.4% from $117.8 million.

Clearwater Analytics reported first-quarter revenue of $70.8 million, up 24.4% from $56.9 million in the prior-year quarter. Gross profit rose to $49.6 million from $42.6 million. The top line grew faster than gross profit. GAAP gross margin fell to 70.1% from 74.8%, a decline of 4.7 percentage points.

Clearwater Analytics closed FY2021 with fourth-quarter revenue of $69.76 million, up 27.4% from the prior-year quarter. Full-year revenue reached $252.02 million, up 24.0%. Annualized recurring revenue ended the year at $277.8 million, compared with $257.0 million at the end of the third quarter.

Clearwater Analytics closed its first quarter as a public company with revenue of $64.5 million, up 20.9% from $53.4 million in the third quarter of 2020. Year-to-date revenue reached $182.3 million, up 22.8%. Management credited new clients coming onto the platform and existing clients adding assets.