Clearwater Analytics Holdings (CWAN) Company Report

Clearwater Analytics Holdings, Inc. (CWAN) reported Q4 2025 revenue of $217.5 million, a 72% increase year-over-year, and Adjusted EBITDA of $74.1 million, up 78% year-over-year.
The company's Annualized Recurring Revenue (ARR) reached $841 million as of December 31, 2025, an increase of 77% from the prior year.
On December 20, 2025, CWAN entered into an agreement to be acquired for approximately $8.4 billion by an investor group, with stockholders set to receive $24.55 per share in cash. The transaction is expected to close in the second quarter of 2026.
As a result of the pending acquisition, CWAN will not host an earnings conference call or provide forward-looking guidance.

Feb 18, 2026, 9:19 PM

8-K

CWAN Announces Strong Q4 2025 Results Amidst $8.4 Billion Acquisition

CWAN

Earnings

M&A

Takeover Bid

Clearwater Analytics Holdings (CWAN) reported strong Q4 2025 financial results, with revenue increasing 72% year-over-year to $217.5 million and Annualized Recurring Revenue (ARR) growing 77% to $841 million as of December 31, 2025.
The company's Adjusted EBITDA for Q4 2025 was $74.1 million, up 78% year-over-year, and Non-GAAP gross margin reached a record 79.2%.
CWAN announced it will be acquired in a transaction valued at approximately $8.4 billion by an investor group, with stockholders receiving $24.55 per share in cash.
The Proposed Transaction is expected to close in the second quarter of 2026, and as a result, CWAN will not host an earnings conference call or provide forward-looking guidance.

Feb 18, 2026, 9:15 PM

Press Release

Clearwater Analytics Selected by Generali Deutschland AG

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) has been chosen by Generali Deutschland AG for its investment management platform.
The platform will manage Generali Deutschland AG's €40 billion in unit-linked life insurance funds (ULF).
This partnership aims to streamline processes for four subsidiaries and prepare the group for accelerated growth in the unit-linked insurance sector.
The global unit-linked insurance market is projected to grow from $906.9 billion in 2023 to $2.3 trillion by 2032, with an expected 10.9% annual growth rate.

Feb 3, 2026, 11:40 AM

Press Release

Clearwater Analytics selected by Generali Deutschland AG

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) was chosen by Generali Deutschland AG to modernize and scale investment management for its €40 billion unit-linked life insurance business.
This partnership aims to unify processes across four group affiliates and prepare for accelerated growth in the unit-linked insurance sector.
The global unit-linked insurance market was valued at $906.9 billion in 2023 and is projected to grow at a 10.9% CAGR to $2.3 trillion by 2032.

Feb 3, 2026, 11:36 AM

Press Release

Clearwater Analytics Secures Generali Deutschland AG as Client

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) has been selected by Generali Deutschland AG to modernize and scale its fund-linked life insurance business across four subsidiary life insurance divisions, encompassing over 40 billion Euros in Assets Under Management (AUM).
Under a multi-year agreement, Generali Deutschland AG will consolidate portfolio management, order execution, and data reconciliation on CWAN's cloud-native investment management platform.
The CWAN platform will provide real-time data, standardized processes, and automated controls, ensuring compliance with evolving European regulatory frameworks, including DORA, and supporting various accounting standards.
The global market for fund-linked life insurance reached $906.9 billion in 2023 and is projected to grow by 10.9% annually to $2.3 trillion by 2032.

Feb 3, 2026, 8:00 AM

Press Release

Clearwater Analytics Selected by Generali Deutschland AG for Unit-Linked Fund Business

CWAN

New Projects/Investments

Clearwater Analytics (CWAN) has been selected by Generali Deutschland AG for a multi-year agreement to modernize and scale its €40 billion unit-linked fund (ULF) life insurance business.
The partnership will involve consolidating portfolio management, order execution, and reconciliation on CWAN's platform, unifying processes across four Generali Deutschland AG subsidiaries.
CWAN's platform is designed to provide real-time data, standardized processes, automated controls, and support compliance with evolving European regulatory frameworks, including the Digital Operational Resilience Act (DORA).
This collaboration positions Generali Deutschland AG to capitalize on the global unit-linked insurance market, which was valued at $906.9 billion in 2023 and is projected to grow to $2.3 trillion by 2032.

Feb 3, 2026, 8:00 AM

Press Release

Clearwater Analytics Partners with Generali Deutschland AG

CWAN

New Projects/Investments

Product Launch

Clearwater Analytics (CWAN) has been selected by Generali Deutschland AG to manage its €40 billion Unit-Linked (UC) business, unifying processes across four subsidiaries.
Under a multi-year agreement, Generali Deutschland will utilize the CWAN platform for the front-to-back lifecycle of UC investments, replacing fragmented systems with a unified operational model.
This partnership is strategically important as the global unit-linked insurance market is projected to grow from $906.9 billion in 2023 to $2.3 trillion by 2032, with an annual growth rate of 10.9%.

Feb 3, 2026, 8:00 AM

Press Release

Clearwater Analytics integrates AI into Beacon Risk platform

CWAN

Product Launch

New Projects/Investments

Clearwater Analytics (CWAN) has integrated agentic AI capabilities into its Beacon by CWAN platform, a solution for quantitative analysis and enterprise risk management.
This integration is designed to accelerate model validation, exposure analysis, and decision-making for risk teams.
The new capabilities enable lightning-fast model validation, instant exposure insights, scenario analysis, and automated operational risk management workflows.
The integrated AI operates within each client's cloud environment, ensuring bank-grade security and complete data isolation.
This release extends CWAN's overall AI platform strategy announced in November 2025, which made over 800 AI agents available for deployment across more than $10 trillion in client assets.

Jan 27, 2026, 2:00 PM

Press Release

Clearwater Analytics Holdings Acquisition and Shareholder Investigation

CWAN

M&A

Legal Proceedings

Takeover Bid

Clearwater Analytics Holdings (CWAN) is being acquired by a Permira and Warburg Pincus-led Investor Group for $24.55 per share in cash.
The transaction values Clearwater Analytics at approximately $8.4 billion.
Brodsky & Smith is investigating whether the Clearwater Analytics Board breached its fiduciary duties to shareholders by failing to conduct a fair process and if the deal consideration provides fair value.

Jan 15, 2026, 4:03 PM

Press Release

Clearwater Analytics Holdings Under Investigation Regarding Acquisition

CWAN

Legal Proceedings

M&A

Takeover Bid

Brodsky & Smith is investigating Clearwater Analytics Holdings, Inc. (CWAN).
The investigation concerns the company's acquisition by Permira and a Warburg Pincus-led Investor Group.
The acquisition is for $24.55 per share in cash, with the transaction valued at approximately $8.4 billion.
The investigation focuses on whether the Clearwater Analytics Board breached its fiduciary duties to shareholders and if the deal consideration provides fair value.