Financials in USD. Standardized financial statements.
A compact view of how Clearwater Analytics Holdings, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $731.37M | $451.80M | $368.17M | $303.43M | $252.02M | $203.22M | $168.00M |
| Revenue Growth? | +61.9% | +22.7% | +21.3% | +20.4% | +24.0% | +21.0% | 0.0% |
| Cost of Revenue? | $239.22M | $122.99M | $107.13M | $87.78M | $67.86M | $53.26M | $47.15M |
| Gross Profit? | $492.15M | $328.82M | $261.04M | $215.64M | $184.16M | $149.96M | $120.86M |
| Gross Margin? | +67.3% | +72.8% | +70.9% | +71.1% | +73.1% | +73.8% | +71.9% |
| Operating Expenses? | $499.83M | $316.58M | $277.79M | $210.53M | $155.70M | $170.38M | $95.16M |
| Operating Income? | -$7.69M | $12.23M | -$16.75M | $5.12M | $28.46M | -$20.42M | $25.70M |
| EBITDA? | $81.53M | $24.41M | -$6.82M | $10.26M | $31.95M | -$18.15M | $27.63M |
| Income Before Tax | -$49.67M | -$30.06M | -$22.87M | -$5.33M | -$7.61M | -$43.33M | $7.80M |
| Income Tax Expense | -$9.42M | -$457.65M | $217,000 | $1.36M | $487,000 | $902,000 | $73,000 |
| Net Income? | -$38.81M | $424.38M | -$21.63M | -$7.97M | -$8.21M | -$44.23M | $7.73M |
| EPS? | $-0.14 | $1.93 | $-0.11 | $-0.04 | $-0.05 | $-0.19 | $0.03 |
| Diluted EPS? | $-0.14 | $1.68 | $-0.11 | $-0.04 | $-0.05 | $-0.19 | $0.03 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality