NYSE$CWAN

Clearwater Analytics Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Clearwater Analytics Holdings Inc reported Q2 2025 results with revenue of $181.9 million and a net loss of $24.2 million.

The company posted revenue of $181.9 million for the three months ended June 30, 2025, driven by new client acquisitions and asset growth on the platform. Operating loss was $14.6 million due to increased expenses from recent acquisitions. Net loss attributable to the company was $23.2 million or $(0.09) per share.

  • Revenue grew 70% year-over-year to $181.9 million, supported by acquisitions of Enfusion and Beacon.
  • Gross profit reached $118.5 million with a gross margin of 65%.
  • Operating expenses rose significantly due to acquisition-related costs and amortization.
  • Cash and cash equivalents stood at $68.4 million with total assets at $3.0 billion following acquisitions.

Headline financials

Total Revenue

$182M

Previous: $107M+70.4%
EPS (adj)

-$0.09

Previous: $0.00
Capital Expenditures

-$4.46M

Previous: -$2.95M-51.2%
Net Income

-$23.2M

Previous: -$430K-5301.2%
Operating Income

-$14.6M

Previous: $3.84M-479.3%
Gross Profit

$119M

Previous: $76.9M+54.1%
Cash & Equivalents

$68.4M

Previous: $190M-64.0%
Total Assets

$3.02B

Previous: $585M+416.3%

Revenue & EPS history

Clearwater · Revenue · Quarterly

$182M

Q2 2025+70.4%vs Q2 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

+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
Q2 2025
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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