CWAN News & Events

RBC Capital downgraded Clearwater Analytics to Sector Perform from Outperform with a price target of $24.55, down from $36, after the company reached an agreement to be acquired by an investor group led by Permira and Warburg Pincus for $24.55 per share in cash. RBC says that given the "growing AI bear narratives across software" and the thorough sale process run by Clearwater, it believes the deal likely fairly values Clearwater.

Reports Q4 revenue $217.5M, consensus $216.71M. "We delivered a strong end to 2025 with Q4 revenue of $217.5 million, up 72% year-over-year. Our GenAI investments are producing meaningful internal efficiencies, driving Non-GAAP gross margin to a record 79.2%. Adjusted EBITDA was ahead of our expectations as well, growing 77.7% year-over-year to $74.1 million," said Sandeep Sahai, CEO at CWAN. "Beyond the numbers, Q4 was a transformative quarter that positions us to accelerate our vision of reimagining institutional investment management. Despite many moving parts, the team executed at an extraordinary level. Sequential ARR growth of over $33 million is a testament to the capability and focus of our employees."