Clearwater Analytics beats Q1 revenue estimates

Clearwater Analytics Holdings

07/05/2026 21:44

Overview

Investment management tech firm's Q1 revenue rose 74% yr/yr, beating analyst expectations

Adjusted net income and adjusted EBITDA for Q1 beat analyst expectations

Shareholders approved acquisition by investor group; Australia FIRB approval still pending

Outlook

Company will not provide forward-looking guidance due to pending acquisition by investor group

Result Drivers

ACQUISITION INTEGRATION - Co said results reflect benefits from integrating Enfusion, Beacon, and Bistro, with management citing 'clear validation of the strategic rationale'

AI-DRIVEN AUTOMATION - Co said GenAI tools enabled faster internal automation and new product development, supporting profitability, per CEO Sandeep Sahai

CLIENT ADOPTION - Co cited new client wins, including Orange Investment Advisors and Dunamis Asset Management, as evidence of demand for its unified platform

Company press release: ID:nBwbNYZl7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$221.2 mln
$214.10 mln (6 Analysts)
Q1 Adjusted Net Income
Beat
$48.6 mln
$47.86 mln (5 Analysts)
Q1 Net Income
-$2.80 mln
Q1 Adjusted EBITDA
Beat
$77.4 mln
$74.25 mln (7 Analysts)
Q1 Adjusted EBITDA Margin
35.00%
Q1 Adjusted Gross Profit
$172.70 mln
Q1 Annual Recurring Revenue
$872 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Clearwater Analytics Holdings Inc is $24.55, about 1.2% above its May 6 closing price of $24.27

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 35 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)