Clearwater Analytics Holdings, Inc. (CWAN) Earnings History
Annual and quarterly earnings data from 2019 to 2025
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CWAN EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CWAN Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 67.3% | 3.8% | -5.3% |
| 2024 | 72.8% | 2.7% | 93.9% |
| 2023 | 70.9% | -4.5% | -5.9% |
| 2022 | 71.1% | 1.7% | -2.6% |
| 2021 | 73.1% | 11.3% | -3.3% |
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Clearwater Analytics Holdings, Inc. (CWAN) Earnings Overview
As of May 8, 2026, Clearwater Analytics Holdings, Inc. (CWAN) reported trailing twelve-month net income of -$48M, reflecting -108.3% year-over-year growth. The company earned $-0.16 per diluted share over the past four quarters, with a net profit margin of -5.3%.
Looking at the long-term picture, CWAN's historical earnings data spans multiple years. The company achieved its highest annual net income of $424M in fiscal 2024.
Clearwater Analytics Holdings, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including VRNT ($61M net income, 9.0% margin), MKTX ($310M net income, 29.0% margin), ICE ($3.30B net income, 26.1% margin), CWAN has room to improve margins relative to the peer group. Compare CWAN vs VRNT →
CWAN Earnings vs Peers
Earnings metrics vs comparable public companies
CWAN Historical Earnings Data (2019–2025)
7 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$39M | -109.1% | $28M | $-0.14 | -5.3% | 3.8% |
| 2024 | $424M | +2062.3% | $12M | $1.68 | 93.9% | 2.7% |
| 2023 | -$22M | -171.5% | -$17M | $-0.11 | -5.9% | -4.5% |
| 2022 | -$8M | +3.0% | $5M | $-0.04 | -2.6% | 1.7% |
| 2021 | -$8M | +81.4% | $28M | $-0.05 | -3.3% | 11.3% |
| 2020 | -$44M | -672.0% | -$20M | $-0.19 | -21.8% | -10.0% |
| 2019 | $8M | - | $26M | $0.03 | 4.6% | 15.3% |
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Start ComparisonCWAN — Frequently Asked Questions
Quick answers to the most common questions about buying CWAN stock.
Is CWAN growing earnings?
CWAN EPS fell to $-0.16, with earnings declining -108.3%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-48M.
What are CWAN's profit margins?
Clearwater Analytics Holdings, Inc. net margin is -5.3%, with operating margin at +3.8%. Below-average margins reflect competitive or cost pressures.
How consistent are CWAN's earnings?
CWAN earnings data spans 2019-2025. The declining earnings trend is -108.3% YoY. Historical data enables comparison across business cycles.