---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-021074"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:41:44.096536+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clearwater Analytics Q1 revenue $126.9M (+24%), net income $6.9M, adjusted EBITDA $45.1M (+40%)

## Summary
- Q1 revenue $126.9M (+23.5% YoY); net income $6.9M vs $2.2M YoY; GAAP EPS $0.03.
- Adjusted EBITDA $45.1M (+40% YoY); free cash flow $23.0M (+168% YoY); ARR $493.9M (+23% YoY).
- Gross revenue retention 98%, net revenue retention 114%; non-GAAP gross margin 78.9% (+80 bps YoY).
- Completed acquisitions of Enfusion, Beacon, and Bistro; combined FY2025 revenue guidance $720M–$728M.
- Q2 standalone guidance: revenue ~$129M, adj. EBITDA ~$45M; pro-rated acquired rev adds ~$45M.

## SEC filing metadata
- accession: 0001628280-25-021074
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000162828025021074/0001628280-25-021074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000162828025021074/cwan-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-021074
- JSON: https://secwatch.observer/filing/0001628280-25-021074.json
- Plain text: https://secwatch.observer/filing/0001628280-25-021074.txt

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