Clearwater Analytics Holdings reported revenue of $221.23M and net income of -$2.80M for the quarter ended Mar 2026, up 74.4% year over year. This income statement covers 23 quarters of results from Sep 2020 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||
| Revenue | 60.88M | 64.49M | 69.76M | 70.78M | 73.41M | 76.55M | 82.69M | 84.61M | 89.88M | 94.66M | 99.02M | 102.72M | 106.79M | 115.83M | 126.47M | 126.86M | 181.94M | 205.11M | 217.46M | 221.23M | |||
| Cost of RevenueCost of Rev | 15.58M | 17.79M | 20.18M | 21.17M | 20.92M | 22.72M | 22.97M | 24.82M | 26.95M | 27.01M | 28.34M | 28.18M | 29.89M | 31.36M | 33.56M | 33.92M | 63.42M | 70.64M | 71.24M | 75.68M | |||
| Gross Profit | 45.30M | 46.70M | 49.58M | 49.61M | 52.49M | 53.83M | 59.71M | 59.78M | 62.92M | 67.65M | 70.68M | 74.54M | 76.90M | 84.47M | 92.90M | 92.94M | 118.51M | 134.47M | 146.22M | 145.55M | |||
| Operating items | |||||||||||||||||||||||
| Research & DevelopmentR&D | 16.74M | 18.41M | 21.70M | 21.29M | 22.84M | 25.44M | 24.55M | 28.10M | 29.85M | 32.25M | 33.73M | 37.68M | 35.36M | 36.62M | 40.90M | 37.40M | 49.76M | 52.06M | 57.01M | 57.05M | |||
| Selling, General & AdministrativeSG&A | 11.18M | 10.90M | 14.31M | 15.04M | 15.45M | 16.37M | 16.90M | 23.31M | 25.87M | 26.27M | 18.05M | 20.72M | 22.53M | 22.63M | 32.90M | 28.83M | 44.12M | 31.38M | 50.10M | 33.27M | |||
| Other Operating ExpensesOther Opex | 8.81M | 10.13M | 12.91M | 11.99M | 13.07M | 13.19M | 14.38M | 14.70M | 14.33M | 15.02M | 16.32M | 16.31M | 15.17M | 17.89M | 17.89M | 19.63M | 39.22M | 44.47M | 45.86M | 46.24M | |||
| Operating ExpensesOpex | 36.74M | 39.44M | 48.93M | 48.33M | 51.36M | 55.00M | 55.84M | 66.10M | 70.05M | 73.54M | 68.09M | 74.71M | 73.06M | 77.13M | 91.69M | 85.86M | 133.09M | 127.92M | 152.96M | 136.56M | |||
| Operating IncomeOp. Inc | 8.56M | 7.26M | 0.65M | 1.28M | 1.13M | -1.16M | 3.88M | -6.32M | -7.12M | -5.89M | 2.59M | -0.17M | 3.84M | 7.34M | 1.22M | 7.08M | -14.58M | 6.55M | -6.74M | 8.99M | |||
| EBIT | 8.56M | 7.26M | 0.65M | 1.28M | 1.13M | -1.16M | 3.88M | -6.32M | -7.12M | -5.89M | 2.59M | -0.17M | 3.84M | 7.34M | 1.22M | 7.08M | -14.58M | 6.55M | -6.74M | 8.99M | |||
| Non-operating items | |||||||||||||||||||||||
| Non Operating Interest Expenses | 8.51M | 8.30M | 0.42M | 0.43M | 0.40M | ||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | 1.73M | -9.15M | 2.06M | -1.08M | -1.08M | -1.07M | -0.92M | -13.46M | -16.12M | -15.16M | -12.65M | ||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 0.01M | 10.30M | -20.61M | -0.09M | 0.44M | 0.47M | -0.78M | -0.08M | 0.32M | 0.97M | 11.80M | 0.53M | 3.51M | 3.37M | 4.65M | 2.32M | 1.55M | -0.44M | 0.25M | 0.05M | |||
| Net income details | |||||||||||||||||||||||
| EBT | 0.07M | -11.21M | 0.09M | 0.77M | -1.93M | -2.60M | -1.57M | -5.15M | -12.05M | -2.62M | -3.05M | 2.14M | 0.35M | 4.28M | -36.84M | 8.49M | -26.50M | -10.00M | -21.66M | -3.60M | |||
| Tax ProvisionsTaxes | 0.28M | 0.22M | -0.05M | 0.24M | 0.30M | 0.42M | 0.40M | 0.26M | -0.17M | -0.27M | 0.40M | -0.10M | 0.08M | -0.49M | -457.14M | 1.55M | -2.35M | 0.51M | -9.13M | -0.81M | |||
| Profit After TaxPAT | -0.21M | -11.43M | -10.92M | 0.53M | -2.23M | -3.03M | -2.96M | -5.42M | -11.88M | -2.34M | -3.45M | 2.24M | 0.28M | 4.77M | 420.31M | 6.94M | -24.15M | -10.51M | -12.53M | -2.80M | |||
| Income from Non-Controlling InterestsInc. Minority | -3.11M | -1.46M | 0.13M | 0.20M | -0.05M | 0.99M | -1.03M | -0.95M | -0.45M | 0.99M | 0.34M | 0.71M | 1.14M | 1.02M | 0.43M | -0.93M | -0.18M | -0.46M | -0.02M | ||||
| Income from Continuing OperationsIncome (Continuing) | -0.21M | -11.43M | 0.13M | 0.53M | -2.23M | -3.03M | -1.97M | -5.42M | -11.88M | -2.34M | -3.45M | 2.24M | 0.28M | 4.77M | 420.31M | 6.94M | -24.15M | -10.51M | -12.53M | -2.80M | |||
| Consolidated Net IncomeConsol Net Inc. | -0.21M | -11.43M | 0.13M | 0.53M | -2.23M | -3.03M | -1.97M | -5.42M | -11.88M | -2.34M | -3.45M | 2.24M | 0.28M | 4.77M | 420.31M | 6.94M | -24.15M | -10.51M | -12.53M | -2.80M | |||
| Income towards Parent CompanyParent Net Inc | -0.21M | -11.43M | 0.13M | 0.53M | -2.23M | -3.03M | -1.97M | -5.42M | -11.88M | -2.34M | -3.45M | 2.24M | 0.28M | 4.77M | 420.31M | 6.94M | -24.15M | -10.51M | -12.53M | -2.80M | |||
| Net Income towards Common StockholdersNet Income | -0.21M | -11.43M | 0.13M | 0.53M | -2.23M | -3.03M | -1.97M | -5.42M | -11.88M | -2.34M | -3.45M | 2.24M | 0.28M | 4.77M | 420.31M | 6.94M | -24.15M | -10.51M | -12.53M | -2.80M | |||
| Additional items | |||||||||||||||||||||||
| EPS (Basic) | -0.06 | 0.00 | 0.00 | -0.01 | -0.02 | -0.01 | -0.03 | -0.06 | -0.01 | -0.02 | 0.01 | 0.00 | 0.02 | 1.92 | 0.03 | -0.09 | -0.04 | -0.05 | -0.01 | ||||
| EPS (Diluted) | -0.05 | 0.00 | 0.00 | -0.01 | -0.02 | -0.01 | -0.03 | -0.06 | -0.01 | -0.02 | 0.01 | 0.00 | 0.02 | 1.65 | 0.03 | -0.09 | -0.04 | -0.05 | -0.01 | ||||
| Shares Outstanding | 177.45M | 177.68M | 178.52M | 185.78M | 187.82M | 185.56M | 192.99M | 198.05M | 201.58M | 199.69M | 213.26M | 218.35M | 219.01M | 219.32M | 237.32M | 270.63M | 287.98M | 271.32M | 294.99M | ||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 235.98M | 177.68M | 246.92M | 185.78M | 187.82M | 185.56M | 192.99M | 198.05M | 201.58M | 199.69M | 255.46M | 218.35M | 231.47M | 254.36M | 246.21M | 270.63M | 287.98M | 271.32M | 294.99M | ||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 235.98M | 236.56M | 237.41M | 237.83M | 238.32M | 240.05M | 241.33M | 241.79M | 242.76M | 243.36M | 213.26M | 218.35M | 219.01M | 212.86M | 283.28M | 287.64M | 288.28M | 291.43M | 297.25M | ||||
| EBITDA | 8.56M | 7.26M | 0.65M | 1.28M | 1.13M | -1.16M | 3.88M | -6.32M | -7.12M | -5.89M | 2.59M | -0.17M | 3.84M | 7.34M | 1.22M | 7.08M | -14.58M | 6.55M | -6.74M | 8.99M | |||
| Interest ExpensesInt Expense | 8.51M | 8.30M | 0.42M | 0.43M | 0.40M | ||||||||||||||||||
| Tax Rate | 424.62% | -1.93% | -57.65% | 30.98% | -15.42% | -16.30% | -25.61% | -5.12% | 1.44% | 10.47% | -13.16% | -4.58% | 22.25% | -11.35% | 1,240.95% | 18.27% | 8.86% | -5.10% | 42.16% | 22.44% |