---
schema_version: "secwatch.filing_event.v1"
accession: "0001866368-26-000009"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:09:57.484666+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CWAN Q4 revenue $217.5M (+72% YoY); ARR $841M (+77%); Adj EBITDA $74.1M (+78%)

## Summary
- Revenue $217.5M (+72% YoY); GAAP net loss $12.5M vs net income $420.3M in Q4'24.
- ARR $841M (+77% YoY); adjusted EBITDA $74.1M (+78%); non-GAAP gross margin record 79.2%.
- Operating cash flow $55.3M; free cash flow $52.3M; repurchased 510k shares for $9.2M at avg $17.97.
- Net revenue retention rate 109% (up from 108% in Q3); gross revenue retention 98%.
- Proposed acquisition at $24.55/share expected to close Q2 2026; no earnings call or forward guidance given.

## SEC filing metadata
- accession: 0001866368-26-000009
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2026-02-18T23:59:59+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/1866368/000186636826000009/0001866368-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000186636826000009/cwan-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866368-26-000009
- JSON: https://secwatch.observer/filing/0001866368-26-000009.json
- Plain text: https://secwatch.observer/filing/0001866368-26-000009.txt

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