CWAN

Company Overview — What Does Clearwater Analytics Holdings, Inc. Do?

Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities. The company offers investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions. Its Clearwater Prism solution enables self-service access to data feeds from accounting, compliance, performance, and risk systems, including those offered by the company and other third-party software vendors, as well as provides flexible reporting to various users. The company was incorporated in 2021 and is headquartered in Boise, Idaho. Clearwater Analytics Holdings, Inc. (CWAN) is classified as a mid-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Sandeep Sahai and employs approximately 1,730 people. With a market capitalization of $7.0B, CWAN is one of the notable companies in the Technology sector.

Clearwater Analytics Holdings, Inc. (CWAN) Stock Rating — Hold (April 2026)

As of April 2026, Clearwater Analytics Holdings, Inc. receives a Hold rating with a composite score of 38.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.CWAN ranks #1,523 out of 4,446 stocks in our coverage universe. Within the Technology sector, Clearwater Analytics Holdings, Inc. ranks #167 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

CWAN Stock Price and 52-Week Range

Clearwater Analytics Holdings, Inc. (CWAN) currently trades at $24.00. The stock gained $0.05 (0.2%) in the most recent trading session. The 52-week high for CWAN is $27.76, which means the stock is currently trading -13.5% from its annual peak. The 52-week low is $15.73, putting the stock 52.5% above its annual trough. Recent trading volume was 4.4M shares, reflecting moderate market activity.

Is CWAN Overvalued or Undervalued? — Valuation Analysis

Clearwater Analytics Holdings, Inc. (CWAN) carries a value factor score of 37/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 3.49x, versus the sector average of 3.16x. The price-to-sales ratio is 11.26x, compared to 1.06x for the average Technology stock. On an enterprise value basis, CWAN trades at 1237.90x EV/EBITDA, versus 12.79x for the sector.

At current multiples, Clearwater Analytics Holdings, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Clearwater Analytics Holdings, Inc. Profitability — ROE, Margins, and Quality Score

Clearwater Analytics Holdings, Inc. (CWAN) earns a quality factor score of 39/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -1.1%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.8% versus the sector average of -1.0%.

On a margin basis, Clearwater Analytics Holdings, Inc. reports gross margins of 69.2%, compared to 50.9% for the sector. The operating margin is 1.8% (sector: -0.5%). Net profit margin stands at -2.2%, versus -1.5% for the average Technology stock. Revenue growth is running at 92.1% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

CWAN Debt, Balance Sheet, and Financial Health

Clearwater Analytics Holdings, Inc. has a debt-to-equity ratio of 41.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.83x, suggesting adequate working capital coverage. Total debt on the balance sheet is $823M. Cash and equivalents stand at $61M.

CWAN has a beta of 0.92, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Clearwater Analytics Holdings, Inc. is 67/100, reflecting average volatility within the normal range for its sector.

Clearwater Analytics Holdings, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Clearwater Analytics Holdings, Inc. reported revenue of $630M and earnings per share (EPS) of $-0.14. Net income for the quarter was $-23M. Gross margin was 69.2%. Operating income came in at $6M.

In FY 2025, Clearwater Analytics Holdings, Inc. reported revenue of $731M and earnings per share (EPS) of $-0.14. Net income for the quarter was $-40M. Gross margin was 67.3%. Revenue grew 61.9% year-over-year compared to FY 2024. Operating income came in at $-8M.

In Q3 2025, Clearwater Analytics Holdings, Inc. reported revenue of $205M and earnings per share (EPS) of $-0.04. Net income for the quarter was $-11M. Gross margin was 65.6%. Revenue grew 77.1% year-over-year compared to Q3 2024. Operating income came in at $7M.

In Q2 2025, Clearwater Analytics Holdings, Inc. reported revenue of $182M and earnings per share (EPS) of $-0.09. Net income for the quarter was $-24M. Gross margin was 65.1%. Revenue grew 70.4% year-over-year compared to Q2 2024. Operating income came in at $-15M.

Over the past 8 quarters, Clearwater Analytics Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $107M to $630M. Investors analyzing CWAN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

CWAN Dividend Yield and Income Analysis

Clearwater Analytics Holdings, Inc. (CWAN) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

CWAN Momentum and Technical Analysis Profile

Clearwater Analytics Holdings, Inc. (CWAN) has a momentum factor score of 43/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 21/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

CWAN vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Clearwater Analytics Holdings, Inc. (CWAN) ranks #167 out of 584 stocks based on the Blank Capital composite score. This places CWAN in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing CWAN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CWAN vs S&P 500 (SPY) comparison to assess how Clearwater Analytics Holdings, Inc. stacks up against the broader market across all factor dimensions.

CWAN Next Earnings Date

No upcoming earnings date has been announced for Clearwater Analytics Holdings, Inc. (CWAN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy CWAN? — Investment Thesis Summary

Clearwater Analytics Holdings, Inc. presents a balanced picture with arguments on both sides. The quality score of 39/100 flags below-average profitability. The value score of 37/100 indicates premium valuation. Low volatility (stability score 67/100) reduces downside risk.

In summary, Clearwater Analytics Holdings, Inc. (CWAN) earns a Hold rating with a composite score of 38.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CWAN stock.

Related Resources for CWAN Investors

Explore more research and tools: CWAN vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CWAN head-to-head with peers: CWAN vs IHS, CWAN vs VRSN, CWAN vs ESE.