Clearwater Analytics Holdings, Inc.CWANEarnings & Financial Report

NYSE · financial services

Clearwater Analytics Holdings, Inc. is an American software-as-a-service (SaaS) fintech company that provides automated investment accounting, performance, compliance, and risk reporting worldwide. Clearwater is a publicly traded company headquartered in Boise, Idaho, with additional offices in London, Edinburgh, New York City and Noida.

NextMar 25, 2026

Revenue

$205.1M

Gross Profit

$134.5M

Operating Profit

$6.6M

Net Profit

$-10.3M

Gross Margin

65.6%

Operating Margin

3.2%

Net Margin

-5.0%

YoY Growth

77.1%

EPS

$-0.04

Financial Flow

Clearwater Analytics Holdings, Inc. Q3 2025 Financial Summary

Clearwater Analytics Holdings, Inc. reported revenue of $205.1M for Q3 2025, with a net profit of $-10.3M (-5.0% margin). Cost of goods sold was $70.6M, operating expenses totaled $127.9M.

Key Financial Metrics

Total Revenue	$205.1M
Net Profit	$-10.3M
Gross Margin	65.6%
Operating Margin	3.2%
Report Period	Q3 2025

Clearwater Analytics Holdings, Inc. Annual Revenue by Year

Clearwater Analytics Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $451.8M).

Year	Annual Revenue
2024	$451.8M
2023	$368.2M
2022	$303.4M

Income Statement

	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Revenue	$99.0M	$102.7M	$106.8M	$115.8M	$126.5M	$126.9M	$181.9M	$205.1M
YoY Growth	19.8%	21.4%	18.8%	22.4%	27.7%	23.5%	70.4%	77.1%

Balance Sheet

	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Assets	$558.7M	$547.8M	$585.1M	$623.5M	$1.17B	$1.29B	$3.02B	$2.99B
Liabilities	$149.1M	$141.6M	$156.5M	$169.8M	$139.3M	$142.7M	$1.03B	$989.0M
Equity	$354.3M	$406.2M	$380.6M	$403.2M	$1.01B	$1.12B	$1.97B	$1.98B