---
schema_version: "secwatch.filing_event.v1"
accession: "0001866368-25-000029"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:24:57.559500+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clearwater Q3 revenue $205.1M (+77% YoY); Adj EBITDA $70.7M (+84%); ARR $807.5M

## Summary
- Revenue $205.1M (+77% YoY); Adjusted EBITDA $70.7M (+84% YoY) with margin 34.5%.
- GAAP net loss $10.5M vs net income $4.8M prior year; Non-GAAP net income $40.6M (+31%).
- ARR $807.5M (+77% YoY); organic ARR excl. acquisitions $534.4M (sequential +$21.7M).
- Q4 guidance: revenue $216-217M, Adj EBITDA $73M; FY2025 revenue $730-731M, Adj EBITDA $247M.
- Operating cash flow $49.0M; free cash flow $44.9M; repaid $40M debt; $8.9M share repurchase.

## SEC filing metadata
- accession: 0001866368-25-000029
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000186636825000029/0001866368-25-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000186636825000029/cwan-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866368-25-000029
- JSON: https://secwatch.observer/filing/0001866368-25-000029.json
- Plain text: https://secwatch.observer/filing/0001866368-25-000029.txt

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