Equity Profile

CWAN

Clearwater Analytics Holdings, Inc.

Information TechnologyApplication Software$7.3B

May7Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:15 PM EDT

Clearwater Analytics Beats on EPS, Stock Up 0.12%

Metric	Actual	Expected	Surprise
EPS	$0.16	$0.16	+110.53%
Revenue	—	$217M	—

management commentary, guidance changes, and full analysis available with Pro.

Clearwater Analytics Beats on EPS, Stock Up 0.12%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.16	$0.16	+110.53%
Revenue	—	$217M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Clearwater Analytics reported earnings that met expectations for EPS, resulting in a slight stock increase of 0.12%. The significant surprise in EPS indicates stronger profitability than anticipated. However, the lack of revenue data and guidance leaves some uncertainty about future performance.

Company Snapshot

Clearwater Analytics Holdings, Inc. provides software solutions for investment portfolio management, helping businesses manage their assets more effectively....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$0.16

Revenue

Revenue growth is crucial for understanding the company's sales performance and market demand for its services.

$217M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Clearwater Analytics Holdings, Inc. provides software solutions for investment portfolio management, helping businesses manage their assets more effectively. As part of the Information Technology sector, Clearwater is positioned to benefit from trends in financial technology and data analytics.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+217.07%

Avg Stock Reaction

+0.43%

Last Quarter Recap

In Q4-2025, Clearwater Analytics reported an EPS of $0.15, significantly beating expectations of $0.05, which reflects strong operational performance. The stock saw a slight increase of 0.87% the following day.

Management Promises & Guidance

Continue to innovate and enhance software capabilities.
Focus on expanding customer base and market reach.
Maintain strong financial performance and profitability.

Expectations

Wall Street Expectations

Analysts expect Clearwater to report solid earnings, with a consensus EPS of $0.16 and revenue of $217 million. The company has a strong track record of beating earnings estimates, which could lead to positive market reactions.

Bull Case

If Clearwater exceeds expectations, it could signal robust demand for its services and further validate its growth strategy, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet earnings expectations, it could raise concerns about its growth trajectory and market competitiveness, leading to a negative reaction.

Key Metrics to Watch

EPS

$0.16

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$217M

Revenue growth is crucial for understanding the company's sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Clearwater's EPS exceed the consensus estimate of $0.16?

A beat on EPS would reinforce the company's strong performance trend and could lead to positive market sentiment.

What guidance or commentary will management provide on revenue growth expectations?

Insights into future revenue growth will be critical for assessing the company's market position and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Clearwater's ability to leverage its software solutions for increased market share, especially given recent trends in financial technology.

Supporting Evidence

Clearwater has consistently beaten EPS estimates, indicating strong operational execution.

The options market is pricing in a significant move, suggesting that investors expect more volatility than historical averages.

Insider selling activity may indicate a strategic shift rather than a lack of confidence in the company's future.

Key Risk

If Clearwater's revenue growth comes in below $200 million, it could undermine confidence in its expansion strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching Clearwater's ability to maintain its growth momentum and deliver on earnings expectations.

Bull Confirmed If

An EPS of $0.18 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.15 would raise concerns about the company's growth and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±18.58%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a significant move following the earnings report, indicating heightened investor uncertainty or anticipation.

Options are pricing ±10.1% while CWAN has averaged ±1.4% over the last 8 prints — setup is pricing rich.

Detail

30d HV

4.2%

Calls (8K)P/C Ratio: 0.79Puts (900)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clearwater beats expectations, history suggests the stock could rise approximately 0.44%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management commentary.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting a potential drop based on past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention rates.
2Insights into competitive pressures in the software market.
3Management's outlook on future revenue growth.
4Details on product enhancements and innovation initiatives.
5Comments on macroeconomic factors affecting the business.

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Company Snapshot

Clearwater Analytics Holdings, Inc. provides software solutions for investment portfolio management, helping businesses manage their assets more effectively....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$0.16

Revenue

Revenue growth is crucial for understanding the company's sales performance and market demand for its services.

$217M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+217.07%

Avg Stock Reaction

+0.43%

Last Quarter Recap

Management Promises & Guidance

Continue to innovate and enhance software capabilities.
Focus on expanding customer base and market reach.
Maintain strong financial performance and profitability.

Expectations

Wall Street Expectations

Bull Case

If Clearwater exceeds expectations, it could signal robust demand for its services and further validate its growth strategy, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet earnings expectations, it could raise concerns about its growth trajectory and market competitiveness, leading to a negative reaction.

Key Metrics to Watch

EPS

$0.16

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$217M

Revenue growth is crucial for understanding the company's sales performance and market demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Clearwater's EPS exceed the consensus estimate of $0.16?

A beat on EPS would reinforce the company's strong performance trend and could lead to positive market sentiment.

What guidance or commentary will management provide on revenue growth expectations?

Insights into future revenue growth will be critical for assessing the company's market position and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Clearwater's ability to leverage its software solutions for increased market share, especially given recent trends in financial technology.

Supporting Evidence

Clearwater has consistently beaten EPS estimates, indicating strong operational execution.

The options market is pricing in a significant move, suggesting that investors expect more volatility than historical averages.

Insider selling activity may indicate a strategic shift rather than a lack of confidence in the company's future.

Key Risk

If Clearwater's revenue growth comes in below $200 million, it could undermine confidence in its expansion strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching Clearwater's ability to maintain its growth momentum and deliver on earnings expectations.

Bull Confirmed If

An EPS of $0.18 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.15 would raise concerns about the company's growth and profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±18.58%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a significant move following the earnings report, indicating heightened investor uncertainty or anticipation.

Options are pricing ±10.1% while CWAN has averaged ±1.4% over the last 8 prints — setup is pricing rich.

Detail

30d HV

4.2%

Calls (8K)P/C Ratio: 0.79Puts (900)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clearwater beats expectations, history suggests the stock could rise approximately 0.44%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management commentary.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting a potential drop based on past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition and retention rates.
2Insights into competitive pressures in the software market.
3Management's outlook on future revenue growth.
4Details on product enhancements and innovation initiatives.
5Comments on macroeconomic factors affecting the business.