Clearwater Analytics Holdings, Inc. Class A (CWAN)

Clearwater Analytics announced its first-quarter 2025 financial results, reporting revenue of $126.9 million, a 23.5% year-on-year growth, and an ARR of $493.9 million, up 22.7% year-on-year. In the second quarter of 2025, Clearwater Analytics reported total revenue of $181.9 million, a 70% increase year-over-year, and ARR of $783.5 million, up 83% year-over-year. The company completed the acquisitions of Enfusion Inc. and Beacon Platform Inc., with Bistro also announced as an acquisition. The company has participated in various investor conferences and hosted its second Investor Day in September 2025. As of October 23, 2025, the share price was $19.15, representing a decline of 27.10% from October 24, 2024.

Information explicitly detailing demand seasonality for Clearwater Analytics Holdings, Inc. products and services is not readily available. The company generates revenue primarily through its SaaS platform, charging recurring fees based on the amount of assets clients manage and report using the system. This model typically creates a predictable income stream tied to client AUM, which may suggest less pronounced seasonality compared to businesses with transactional revenue models. The company has shown consistent year-over-year revenue growth, which does not indicate significant seasonal fluctuations in demand.

Clearwater Analytics offers a cloud-native platform for institutional investors, providing investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions. Its software simplifies investment accounting operations, allowing clients to focus on asset allocation strategy and investment selection. Key products include Clearwater Prism, Clearwater LPx, Clearwater MLx, and Clearwater JUMP. The company also develops a cloud-based integrated data and financial analytics platform and serves a diverse client base, including insurers, investment managers, corporations, institutional investors, and government entities.

Clearwater Analytics has a global presence, operating out of 24 offices across 12 different countries. It serves clients in the United States and internationally, with a focus on expanding in regions such as Europe and the Asia-Pacific (APAC) market. The company's headquarters are located in Boise, Idaho.

Clearwater Analytics is recognized as a trusted technology partner for leading institutional investors, with a focus on providing clarity and efficiency in complex investment data landscapes. The company emphasizes its commitment to client satisfaction and its comprehensive front-to-back platform. Clearwater Analytics has continued to solidify its market position as a leading SaaS provider for investment accounting, reporting, and analytics, demonstrating strong growth momentum. The company's strategic global expansion, product innovation, and partnerships contribute to its reputation.

Clearwater Analytics Holdings, Inc. is predominantly owned by institutional shareholders, who hold approximately 96.33% of the company's shares. Individual investors hold a smaller stake. Insiders own about 14.50% of the company. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. Wcas XII Carbon Analytics Acquisition LP is the largest individual shareholder, owning 7.38% of the company.