---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015760"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:04:33.961033+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clearwater Analytics Q1 revenue $84.6M (+20% YoY); raises FY guidance

## Summary
- Revenue $84.6M vs $70.8M YoY; net loss $5.4M vs net income $0.5M; non-GAAP net income $17.6M (+38%).
- Adjusted EBITDA $22.5M ($22.5M vs $18.9M YoY); margin 26.6%; free cash flow $6.2M (+33%).
- ARR $337.4M (+17.5% YoY); Net revenue retention 106%; gross revenue retention 97%.
- Q2 revenue guidance $87.5M; FY 2023 revenue guidance raised to $362-364M, adj. EBITDA $97-98M.
- New clients include Bank of America Private Bank, Merrill Lynch; marquee names added.

## SEC filing metadata
- accession: 0001628280-23-015760
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000162828023015760/0001628280-23-015760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000162828023015760/cwan-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015760
- JSON: https://secwatch.observer/filing/0001628280-23-015760.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015760.txt

## Key facts
- Earnings Releases
  Clearwater Analytics Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $84.6 million, EPS $0.02.
  - Period: first quarter ended March 31, 2023
  - Revenue: $84.6 million
  - EPS: $0.02
  - Result: reported results
  source text: Clearwater Analytics Announces First Quarter 2023 Financial Results Record Quarterly Revenue of $84.6 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866368/000162828023015760/0001628280-23-015760-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.