NYSE$CWAN

Clearwater Analytics Holdings Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Clearwater Analytics reported Q4 2025, revenue of $217.5M, net loss of $12.5M.

For Q4 2025, Clearwater Analytics reported revenue of $217.5M, a net loss of $12.5M, adjusted diluted EPS was $0.15. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $217.5M.
  • Net loss $12.5M.
  • Adjusted diluted EPS $0.15.

Headline financials

Total Revenue

$218M

Previous: $127M+71.9%
EPS (adj)

$0.15

Previous: $0.13+15.4%
Annualized Recurring Revenue

$841M

Previous: $475M+77.1%
Gross Revenue Retention Rate

98.0%

No prior period
Net Revenue Retention Rate

109.0%

No prior period
Adjusted EBITDA

$74.1M

Previous: $41.7M+77.7%
Adjusted EBITDA Margin

34.1%

Previous: 33.0%+3.3%
Non-GAAP Net Income

$44.4M

Previous: $33.9M+31.0%
GAAP Gross Margin

67.2%

Previous: 73.5%-8.6%
Non-GAAP Gross Margin

79.2%

Previous: 78.8%+0.5%
Net Income

-$12.5M

Previous: $420M-103.0%
Operating Income

-$6.74M

Previous: $1.22M-653.2%
Gross Profit

$146M

Previous: $92.9M+57.4%

Revenue & EPS history

Clearwater · Revenue · Quarterly

$218M

Q4 2025+71.9%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The release discusses Clearwater Analytics's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Clearwater Analytics cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q4 2025

Historical avgQ4 2025

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro