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Side-by-side financial comparison of Clearwater Analytics Holdings, Inc. (CWAN) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $217.5M, roughly 1.5× Clearwater Analytics Holdings, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs -5.4%, a 11.1% gap on every dollar of revenue. On growth, Clearwater Analytics Holdings, Inc. posted the faster year-over-year revenue change (72.0% vs 10.4%). Clearwater Analytics Holdings, Inc. produced more free cash flow last quarter ($52.3M vs $-13.3M). Over the past eight quarters, Clearwater Analytics Holdings, Inc.'s revenue compounded faster (45.5% CAGR vs 9.5%).
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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
CWAN vs RVLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $217.5M | $324.4M |
| Net Profit | $-11.8M | $18.6M |
| Gross Margin | 67.2% | 53.3% |
| Operating Margin | -3.1% | 6.3% |
| Net Margin | -5.4% | 5.7% |
| Revenue YoY | 72.0% | 10.4% |
| Net Profit YoY | -102.8% | 50.4% |
| EPS (diluted) | $-0.04 | $0.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $217.5M | $324.4M | ||
| Q3 25 | $205.1M | $295.6M | ||
| Q2 25 | $181.9M | $309.0M | ||
| Q1 25 | $126.9M | $296.7M | ||
| Q4 24 | $126.5M | $293.7M | ||
| Q3 24 | $115.8M | $283.1M | ||
| Q2 24 | $106.8M | $282.5M | ||
| Q1 24 | $102.7M | $270.6M |
| Q4 25 | $-11.8M | $18.6M | ||
| Q3 25 | $-10.3M | $21.2M | ||
| Q2 25 | $-23.2M | $10.2M | ||
| Q1 25 | $6.5M | $11.8M | ||
| Q4 24 | $419.3M | $12.3M | ||
| Q3 24 | $3.6M | $11.0M | ||
| Q2 24 | $-430.0K | $15.4M | ||
| Q1 24 | $1.9M | $10.9M |
| Q4 25 | 67.2% | 53.3% | ||
| Q3 25 | 65.6% | 54.6% | ||
| Q2 25 | 65.1% | 54.1% | ||
| Q1 25 | 73.3% | 52.0% | ||
| Q4 24 | 73.5% | 52.5% | ||
| Q3 24 | 72.9% | 51.2% | ||
| Q2 24 | 72.0% | 54.0% | ||
| Q1 24 | 72.6% | 52.3% |
| Q4 25 | -3.1% | 6.3% | ||
| Q3 25 | 3.2% | 7.1% | ||
| Q2 25 | -8.0% | 5.8% | ||
| Q1 25 | 5.6% | 5.0% | ||
| Q4 24 | 1.0% | 3.9% | ||
| Q3 24 | 6.3% | 5.0% | ||
| Q2 24 | 3.6% | 5.8% | ||
| Q1 24 | -0.2% | 3.4% |
| Q4 25 | -5.4% | 5.7% | ||
| Q3 25 | -5.0% | 7.2% | ||
| Q2 25 | -12.8% | 3.3% | ||
| Q1 25 | 5.1% | 4.0% | ||
| Q4 24 | 331.5% | 4.2% | ||
| Q3 24 | 3.1% | 3.9% | ||
| Q2 24 | -0.4% | 5.4% | ||
| Q1 24 | 1.8% | 4.0% |
| Q4 25 | $-0.04 | $0.27 | ||
| Q3 25 | $-0.04 | $0.29 | ||
| Q2 25 | $-0.09 | $0.14 | ||
| Q1 25 | $0.03 | $0.16 | ||
| Q4 24 | $1.65 | $0.18 | ||
| Q3 24 | $0.02 | $0.15 | ||
| Q2 24 | $0.00 | $0.21 | ||
| Q1 24 | $0.01 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $91.2M | $292.3M |
| Total DebtLower is stronger | $822.6M | — |
| Stockholders' EquityBook value | $2.0B | $512.5M |
| Total Assets | $3.0B | $765.0M |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $91.2M | $292.3M | ||
| Q3 25 | $64.1M | $315.4M | ||
| Q2 25 | $71.9M | $310.7M | ||
| Q1 25 | $282.9M | $300.8M | ||
| Q4 24 | $255.5M | $256.6M | ||
| Q3 24 | $305.8M | $252.8M | ||
| Q2 24 | $257.9M | $244.7M | ||
| Q1 24 | $267.6M | $273.4M |
| Q4 25 | $822.6M | — | ||
| Q3 25 | $838.9M | — | ||
| Q2 25 | $878.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.0B | $512.5M | ||
| Q3 25 | $2.0B | $490.2M | ||
| Q2 25 | $2.0B | $468.6M | ||
| Q1 25 | $1.1B | $453.4M | ||
| Q4 24 | $1.0B | $437.8M | ||
| Q3 24 | $403.2M | $420.8M | ||
| Q2 24 | $380.6M | $405.8M | ||
| Q1 24 | $406.2M | $389.9M |
| Q4 25 | $3.0B | $765.0M | ||
| Q3 25 | $3.0B | $751.3M | ||
| Q2 25 | $3.0B | $722.9M | ||
| Q1 25 | $1.3B | $713.9M | ||
| Q4 24 | $1.2B | $665.5M | ||
| Q3 24 | $623.5M | $670.9M | ||
| Q2 24 | $585.1M | $657.8M | ||
| Q1 24 | $547.8M | $650.0M |
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.3M | $-10.2M |
| Free Cash FlowOCF − Capex | $52.3M | $-13.3M |
| FCF MarginFCF / Revenue | 24.0% | -4.1% |
| Capex IntensityCapex / Revenue | 1.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $164.3M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.3M | $-10.2M | ||
| Q3 25 | $49.0M | $11.8M | ||
| Q2 25 | $47.1M | $12.6M | ||
| Q1 25 | $24.5M | $45.1M | ||
| Q4 24 | $-29.2M | $3.9M | ||
| Q3 24 | $49.6M | $9.1M | ||
| Q2 24 | $43.9M | $-24.7M | ||
| Q1 24 | $10.0M | $38.4M |
| Q4 25 | $52.3M | $-13.3M | ||
| Q3 25 | $44.9M | $7.5M | ||
| Q2 25 | $44.1M | $10.4M | ||
| Q1 25 | $23.0M | $43.4M | ||
| Q4 24 | $-30.0M | $2.1M | ||
| Q3 24 | $48.1M | $8.0M | ||
| Q2 24 | $42.4M | $-25.7M | ||
| Q1 24 | $8.6M | $36.7M |
| Q4 25 | 24.0% | -4.1% | ||
| Q3 25 | 21.9% | 2.5% | ||
| Q2 25 | 24.2% | 3.4% | ||
| Q1 25 | 18.2% | 14.6% | ||
| Q4 24 | -23.7% | 0.7% | ||
| Q3 24 | 41.5% | 2.8% | ||
| Q2 24 | 39.7% | -9.1% | ||
| Q1 24 | 8.4% | 13.5% |
| Q4 25 | 1.4% | 1.0% | ||
| Q3 25 | 2.0% | 1.5% | ||
| Q2 25 | 1.6% | 0.7% | ||
| Q1 25 | 1.2% | 0.6% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 1.3% | 0.4% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 1.4% | 0.6% |
| Q4 25 | — | -0.55× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | 3.76× | 3.82× | ||
| Q4 24 | -0.07× | 0.32× | ||
| Q3 24 | 13.66× | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | 5.29× | 3.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWAN
Segment breakdown not available.
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
