Clearwater Analytics Holdings, Inc. (CWAN) Stock

About Clearwater Analytics Holdings, Inc.

Clearwater Analytics Holdings, Inc. offers a cloud-based (Software-as-a-Service) platform engineered to automate and centralize the entire lifecycle of investment data. This encompasses aggregation, reconciliation, comprehensive accounting, and detailed reporting capabilities for a diverse clientele, including insurers, asset managers, corporations, institutional investors, and government entities. Their robust suite of solutions spans critical areas such as investment accounting and reporting, performance measurement, continuous compliance monitoring, and sophisticated risk analytics. A core offering, Clearwater Prism, grants users self-service access to consolidated data feeds originating from various systems—both Clearwater's proprietary platforms and those of external third-party vendors—covering accounting, compliance, performance, and risk domains. It also facilitates highly adaptable reporting functionalities for different stakeholders. Established in 2021, the company's headquarters are located in Boise, Idaho.

Clearwater Analytics Holdings, Inc. is led by CEO Sandeep Sahai, employs 3,000 people, headquartered in Boise, US, publicly traded since 2021.

Clearwater Analytics Holdings, Inc. (CWAN) stock trades at $24.56 with a market capitalization of $7.30B. The stock is valued at a negative price-to-earnings (P/E) ratio of -173.93, reflecting a net loss over the last twelve months, price-to-book of 3.58, price-to-sales of 8.76. Over the past 52 weeks the stock has ranged between $15.73 and $24.56, and currently trades at or near its 52-week high.

On profitability, Clearwater Analytics Holdings, Inc. generates a return on equity (ROE) of -1.93% (negative, reflecting a net loss), return on capital employed of -0.39%, an operating margin of -1.09%, a net profit margin of -5.82%.

Official website: clearwateranalytics.com

Clearwater Analytics Holdings, Inc. by the numbers, 2019–2025

Between 2019 and 2025 Clearwater Analytics Holdings, Inc. reported revenue of $168.0M rising to $731.0M, a change of +335.1% across 7 years. Compounded, revenue has grown 29.2% a year over five years, 34.1% over three, 61.7% over the last twelve months. Net profit fell to $-39.0M.

Operating margin went from 15.3% in 2019 to -1.1% in 2025, a fall of 16.4 percentage points. The most recent net margin is -5.82%. On a trailing twelve-month basis to Mar '26, revenue is $825.0M and net profit $-48.0M.

Borrowings rose from $247.0M to $883.0M, cash from operations was $176.0M in the latest year, positive in 5 of the last 7.

Return on equity has averaged 5.4% over five years, and was -1.9% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Clearwater Analytics Holdings, Inc. (CWAN) — frequently asked questions