NYSE$CWAN

Clearwater Analytics Holdings Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Clearwater Analytics reported Q1 2026 revenue of $221.2M (+74% YoY) with a net loss attributable to Clearwater of $2.8M, or $(0.01) per share.

For the quarter ended March 31, 2026, Clearwater revenue was $221.2 million versus $126.9 million a year ago. Net loss attributable to Clearwater Analytics was $2.8 million, or $0.01 per share, compared with net income of $6.5 million and $0.03 per share in Q1 2025, as the company invested in growth and carried higher interest expense.

  • Revenue $221.2M (+74% YoY); gross profit $145.5M.
  • Net loss attributable to Clearwater $2.8M vs income $6.5M prior year.
  • Pending merger overhang noted in MD&A.

Headline financials

Total Revenue

$221M

Previous: $127M+74.4%
EPS (adj)

-$0.01

Previous: $0.03-133.3%
Capital Expenditures

-$6.44M

Previous: -$1.47M-338.7%
Net Income

-$2.78M

Previous: $6.51M-142.6%
Operating Income

$8.99M

Previous: $7.08M+26.9%
Gross Profit

$146M

Previous: $92.9M+56.6%

Revenue & EPS history

Clearwater · Revenue · Quarterly

$221M

Q1 2026+74.4%vs Q1 2025
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Investment accounting software; merger-related commentary, no standalone annual guide in 10-Q.

Tailwinds

  • Strong revenue growth on platform adoption.

Headwinds

  • Returned to loss on higher opex and interest expense.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.9%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+4.6%

Avg return

30 days after

67%

12 / 18 earnings

Positive

+21.6%

Q3 2024

Best reaction

-13.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+0.1%+0.3%
Q4 2025+0.8%+0.2%+1.3%
Q3 2025-8.3%+6.3%+25.4%
Q1 2025+0.7%+0.5%+1.6%
Q4 2024+10.7%+13.2%-2.0%
Q3 2024+21.6%+15.1%+10.3%
Q2 2024+18.7%+16.3%+25.1%
Q1 2024+8.9%+10.7%+20.3%
Q4 2023-13.8%-12.2%-11.5%
Q3 2023+2.9%+0.4%+9.3%
Q2 2023+2.2%-2.0%+6.0%
Q1 2023-2.6%+1.2%+7.6%
Q4 2022-7.4%-5.7%-21.7%
Q3 2022+8.9%+10.2%+19.3%
Q2 2022+1.5%+13.4%+14.9%
Q1 2022-5.1%-6.9%-23.3%
Q4 2021-10.6%-11.0%+5.5%
Q3 2021+4.9%-4.5%-5.5%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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