Quarterly ResultMay 7, 2026, 04:36 PM
Clearwater Analytics Q1 Revenue Up 74% to $221.2M; Adjusted EBITDA Up 72%
AI Summary
Clearwater Analytics announced strong first-quarter 2026 financial results, with revenue increasing 74% year-over-year to $221.2 million and Adjusted EBITDA growing 72% to $77.4 million. The company reported a GAAP net loss of $2.8 million but a non-GAAP net income of $48.6 million, up 39.5%. Additionally, shareholders approved the proposed $8.4 billion acquisition, which is expected to close in Q2 2026, pending Australian regulatory approval.
Key Highlights
- Q1 2026 Revenue was $221.2 million, up 74% year-over-year.
- Annualized Recurring Revenue (ARR) reached $872 million, up 77% year-over-year.
- Adjusted EBITDA was $77.4 million, up 72% year-over-year, with a 35% margin.
- GAAP Net Loss for Q1 2026 was $2.8 million, compared to net income of $6.5 million in Q1 2025.
- Non-GAAP Net Income increased 39.5% to $48.6 million.
- Shareholders approved the $8.4 billion acquisition by an investor group.
- Gross Revenue Retention Rate was 97% as of March 31, 2026.
- Net Revenue Retention Rate was 108% as of March 31, 2026.