What is Clearwater Analytics's revenue?

Clearwater Analytics (CWAN) generated $825.7M in revenue over the trailing twelve months, up 73.5% year over year.

Is Clearwater Analytics profitable?

Clearwater Analytics is not currently profitable: it reported a net loss of $48.4M over the trailing twelve months, a -5.9% net margin.

What are Clearwater Analytics's profit margins?

Gross margin is 66.0% and operating margin is -0.7%, with a -5.9% net margin.

What is Clearwater Analytics's earnings per share?

Clearwater Analytics's diluted EPS over the trailing twelve months is $-0.18.

Where does Clearwater Analytics's income statement data come from?

Every line is extracted from Clearwater Analytics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Clearwater Analytics CWAN Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total revenue	$221.23M+1.7%	$217.46M+6.0%	$205.11M+12.7%	$181.94M+43.4%	$126.86M+0.3%
Total cost of revenue	$75.68M+6.2%	$71.24M+0.8%	$70.64M+11.4%	$63.42M+87.0%	$33.92M+1.1%
Gross profit	$145.55M-0.5%	$146.22M+8.7%	$134.47M+13.5%	$118.51M+27.5%	$92.94M0.0%
Gross margin	65.8%-1.5pp	67.2%+1.7pp	65.6%+0.4pp	65.1%-8.1pp	73.3%-0.2pp
Research and development	$57.05M+0.1%	$57.01M+9.5%	$52.07M+4.6%	$49.76M+33.0%	$37.4M-8.6%
Selling and marketing	$46.24M+0.8%	$45.86M+3.1%	$44.47M+13.4%	$39.22M+99.8%	$19.63M+9.8%
General and administrative	$33.27M-33.6%	$50.1M+59.6%	$31.38M-28.9%	$44.12M+53.0%	$28.83M-12.4%
Total operating expenses	$136.56M-10.7%	$152.96M+19.6%	$127.92M-3.9%	$133.09M+55.0%	$85.86M-6.4%
Operating income	$8.99M+233%	-$6.74M-203%	$6.55M+145%	-$14.58M-306%	$7.08M+481%
Operating margin	4.1%+7.2pp	-3.1%-6.3pp	3.2%+11.2pp	-8%-13.6pp	5.6%+4.6pp
Interest expense	-$12.65M+16.6%	-$15.16M+5.9%	-$16.12M-19.7%	-$13.46M-1,365%	-$919K+14.0%
Other income (expense), net	$51K-79.5%	$249K+157%	-$439K-128%	$1.55M-33.4%	$2.32M-50.0%
Income before income taxes	-$3.61M+83.4%	-$21.66M-116%	-$10M+62.2%	-$26.5M-412%	$8.49M+123%
Income tax expense	-$809K+91.1%	-$9.13M-1,890%	$510K+122%	-$2.35M-251%	$1.55M+100%
Net income	-$2.78M+77.0%	-$12.07M-16.7%	-$10.34M+55.5%	-$23.23M-457%	$6.51M-98.4%
Net margin	-1.3%+4.3pp	-5.5%-0.5pp	-5%+7.7pp	-12.8%-17.9pp	5.1%-326pp
Diluted earnings per share	-$0.01+75.0%	-$0.040.0%	-$0.04+55.6%	-$0.09-400%	$0.03-98.2%
EBITDA	$38.55M+69.5%	$22.75M-36.6%	$35.85M+297%	$9.03M-11.8%	$10.23M+119%
EBITDA margin	17.4%+7.0pp	10.5%-7.0pp	17.5%+12.5pp	5%-3.1pp	8.1%+4.4pp
EBIT	$8.99M+233%	-$6.74M-203%	$6.55M+145%	-$14.58M-306%	$7.08M+481%

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Questions, answered.

What is Clearwater Analytics's revenue?: Clearwater Analytics (CWAN) generated $825.7M in revenue over the trailing twelve months, up 73.5% year over year.
Is Clearwater Analytics profitable?: Clearwater Analytics is not currently profitable: it reported a net loss of $48.4M over the trailing twelve months, a -5.9% net margin.
What are Clearwater Analytics's profit margins?: Gross margin is 66.0% and operating margin is -0.7%, with a -5.9% net margin.
What is Clearwater Analytics's earnings per share?: Clearwater Analytics's diluted EPS over the trailing twelve months is $-0.18.
Where does Clearwater Analytics's income statement data come from?: Every line is extracted from Clearwater Analytics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.