Clearwater Analytics Reports Strong Q2 2025 Results

Clearwater Analytics Holdings, Inc. Class A ( (CWAN) ) has released its Q2 earnings. Here is a breakdown of the information Clearwater Analytics Holdings, Inc. Class A presented to its investors.

Clearwater Analytics Holdings, Inc. is a leading provider of a comprehensive cloud-native platform for investment management, serving institutional investors across global public and private markets. The company integrates portfolio management, trading, investment accounting, and risk analytics into a unified system, supporting over $8.8 trillion in assets globally.

Clearwater Analytics has reported impressive financial results for the second quarter of 2025, with a notable 70% increase in quarterly revenue to $181.9 million compared to the previous year. The company also achieved an 83% rise in annualized recurring revenue, reaching $783.5 million, and a 74% increase in adjusted EBITDA, totaling $58.3 million.

Key financial highlights include a gross profit of $118.5 million, representing a 65.1% GAAP gross margin, and a non-GAAP gross margin of 77.4%. Despite a net loss of $24.2 million, the company reported a non-GAAP net income of $34.8 million, up 29.7% from the previous year. Clearwater Analytics also expanded its client base, welcoming Germany’s largest public insurer, Versicherungskammer Group, and securing a significant mandate from a major global bank.

Strategically, Clearwater Analytics announced a partnership with Bloomberg to enhance its platform’s capabilities and expand its reach among large investment firms. The company also released the 2025 Insurance Investment Outsourcing Report, highlighting a record $4.5 trillion in insurance assets under management.

Looking ahead, Clearwater Analytics projects continued growth with third-quarter revenue expected to reach between $203 million and $204 million, reflecting a year-over-year growth of approximately 75% to 76%. The company remains focused on expanding its international footprint and enhancing its platform to meet the evolving needs of its clients.