Clearwater Analytics (CWAN)
SaaS platform for investment accounting, risk, performance, and reporting workflows.
$24.56
0.00 (0.00%)
Delisted · Jun 24, 2026
In millions of USD, except per-share figures
| In millions | Q2 FY23Jun 2023 | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 90 | 95 | 99 | 103 | 107 | 116 | 126 | 127 | 182 | 205 | 217 | 221 |
| Cost of revenue | 27 | 27 | 29 | 28 | 30 | 31 | 34 | 34 | 63 | 71 | 71 | 76 |
| Gross profit | 63 | 68 | 70 | 75 | 77 | 84 | 93 | 93 | 119 | 134 | 146 | 146 |
| 70 | 74 | 68 | 75 | 73 | 77 | 92 | 86 | 133 | 128 | 153 | 137 | |
| Research & development | 30 | 32 | 33 | 38 | 35 | 37 | 41 | 37 | 50 | 52 | 57 | 57 |
| 40 | 41 | 34 | 37 | 38 | 41 | 51 | 48 | 83 | 76 | 96 | 80 | |
| Selling & marketing | 14 | 15 | 16 | 12 | 15 | 18 | 18 | 20 | 39 | 44 | 46 | 46 |
| General & administrative | 26 | 26 | 18 | 25 | 23 | 23 | 33 | 29 | 44 | 31 | 50 | 33 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating income | −7 | −6 | 3 | 0 | 4 | 7 | 1 | 7 | −15 | 7 | −7 | 9 |
| −5 | 3 | −6 | 2 | −3 | −3 | −38 | 1 | −12 | −17 | −15 | −13 | |
| Interest income | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 16 | 15 | 13 |
| Other non-operating income | 0 | 0 | 6 | −2 | 3 | 3 | 38 | −1 | −2 | 0 | 0 | 0 |
| Income before tax | −12 | −3 | −3 | 2 | 0 | 4 | −37 | 8 | −26 | −10 | −22 | −4 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | −457 | 2 | −2 | 1 | −9 | −1 |
| Net income from continuing operations | −12 | −2 | −3 | 2 | 0 | 5 | 420 | 7 | −24 | −11 | −13 | −3 |
| Net income | −11 | −2 | −4 | 2 | 0 | 4 | 419 | 7 | −23 | −10 | −12 | −3 |
| EPS, basic | −$0.07 | −$0.01 | −$0.02 | $0.01 | −$0.00 | $0.02 | $1.85 | $0.03 | −$0.09 | −$0.04 | −$0.04 | −$0.01 |
| EPS, diluted | −$0.07 | −$0.01 | −$0.02 | $0.01 | −$0.00 | $0.02 | $1.63 | $0.03 | −$0.09 | −$0.04 | −$0.04 | −$0.01 |
| Weighted average shares, basic | 158 | 202 | 206 | 213 | 218 | 219 | 227 | 237 | 271 | 288 | 289 | 295 |
| Weighted average shares, diluted | 158 | 202 | 206 | 255 | 218 | 231 | 258 | 246 | 271 | 288 | 289 | 295 |
| EBITDA | −5 | −3 | 0 | 5 | 3 | 8 | −33 | 12 | 11 | 35 | 23 | 39 |
| Depreciation & amortization | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 24 | 29 | 29 | 30 |
| EBIT | −7 | −6 | −3 | 2 | 0 | 4 | −37 | 8 | −13 | 6 | −6 | 9 |