MergerMay 7, 2026, 04:41 PM
Clearwater Analytics Shareholders Approve $8.4B Merger; Q1 Net Loss $2.8M
AI Summary
Clearwater Analytics Holdings, Inc. announced that its shareholders approved the proposed $8.4 billion acquisition by an investor group led by Permira and Warburg Pincus. The merger, which offers $24.55 per share in cash, is expected to close in Q2 2026, pending Australia's FIRB approval. Concurrently, the company reported its Q1 2026 financial results, showing a significant increase in revenue to $221.2 million but a net loss of $2.8 million, a decline from the $6.9 million net income in the prior year's quarter.
Key Highlights
- Shareholders approved the $8.4 billion merger with an investor group on May 6, 2026.
- Merger consideration is $24.55 per share in cash, with FIRB approval pending.
- Q1 2026 revenue increased to $221.2 million from $126.9 million in Q1 2025.
- Q1 2026 net loss was $2.8 million, compared to $6.9 million net income in Q1 2025.
- Basic EPS for Q1 2026 was $(0.01), down from $0.03 in Q1 2025.
- Net cash provided by operating activities was $17.7 million in Q1 2026.
- Total assets stood at $3.03 billion as of March 31, 2026.