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Clearwater Analytics Holdings Inc provides a SaaS solution for automated investment data aggregation, reconciliation, accounting and reporting services to insurers, investment managers, corporations, institutional investors and government entities. It earns revenue from providing access to its SaaS platform to customers, services that support the implementation on the SaaS platform, selling perpetual and term-based software licenses and providing maintenance and support and professional services under contracts with customers. The majority of the revenue is earned in the United States.
2021
1.9K+
LTM Revenue $477M
LTM EBITDA $157M
$5.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Clearwater Analytics has a last 12-month revenue of $477M and a last 12-month EBITDA of $157M.
In the most recent fiscal year, Clearwater Analytics achieved revenue of $452M and an EBITDA of $24.4M.
Clearwater Analytics expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Clearwater Analytics valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $368M | $452M | XXX | XXX | XXX |
| Gross Profit | $216M | $261M | XXX | XXX | XXX |
| Gross Margin | 59% | 58% | XXX | XXX | XXX |
| EBITDA | -$6.8M | $24.4M | XXX | XXX | XXX |
| EBITDA Margin | -2% | 5% | XXX | XXX | XXX |
| Net Profit | -$8.0M | -$21.6M | XXX | XXX | XXX |
| Net Margin | -2% | -5% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Clearwater Analytics's stock price is $23.
Clearwater Analytics has current market cap of $5.6B, and EV of $5.4B.
See Clearwater Analytics trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.4B | $5.6B | XXX | XXX | XXX | XXX | $0.48 |
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Sign UpAs of April 15, 2025, Clearwater Analytics has market cap of $5.6B and EV of $5.4B.
Clearwater Analytics's trades at 11.4x LTM EV/Revenue multiple, and 34.6x LTM EBITDA.
Analysts estimate Clearwater Analytics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Clearwater Analytics and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.4B | XXX | XXX | XXX |
| EV/Revenue | 12.0x | XXX | XXX | XXX |
| EV/EBITDA | 221.8x | XXX | XXX | XXX |
| P/E | 13.2x | XXX | XXX | XXX |
| P/E/Growth | -0.4x | XXX | XXX | XXX |
| EV/FCF | 78.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpClearwater Analytics's NTM/LTM revenue growth is 19%
Clearwater Analytics's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Clearwater Analytics's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Clearwater Analytics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Clearwater Analytics and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 23% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -458% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 25% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 15% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 33% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 70% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Cape Range | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| IODM | XXX | XXX | XXX | XXX | XXX | XXX |
| Reckon | XXX | XXX | XXX | XXX | XXX | XXX |
| Xero | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Clearwater Analytics acquired XXX companies to date.
Last acquisition by Clearwater Analytics was XXXXXXXX, XXXXX XXXXX XXXXXX . Clearwater Analytics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Clearwater Analytics founded? | Clearwater Analytics was founded in 2021. |
| Where is Clearwater Analytics headquartered? | Clearwater Analytics is headquartered in United States of America. |
| How many employees does Clearwater Analytics have? | As of today, Clearwater Analytics has 1.9K+ employees. |
| Who is the CEO of Clearwater Analytics? | Clearwater Analytics's CEO is Mr. Sandeep Sahai. |
| Is Clearwater Analytics publicy listed? | Yes, Clearwater Analytics is a public company listed on NYS. |
| What is the stock symbol of Clearwater Analytics? | Clearwater Analytics trades under CWAN ticker. |
| When did Clearwater Analytics go public? | Clearwater Analytics went public in 2021. |
| Who are competitors of Clearwater Analytics? | Similar companies to Clearwater Analytics include e.g. Cape Range, Credit Clear, IODM, Reckon. |
| What is the current market cap of Clearwater Analytics? | Clearwater Analytics's current market cap is $5.6B |
| What is the current revenue of Clearwater Analytics? | Clearwater Analytics's last 12-month revenue is $477M. |
| What is the current EBITDA of Clearwater Analytics? | Clearwater Analytics's last 12-month EBITDA is $157M. |
| What is the current EV/Revenue multiple of Clearwater Analytics? | Current revenue multiple of Clearwater Analytics is 11.4x. |
| What is the current EV/EBITDA multiple of Clearwater Analytics? | Current EBITDA multiple of Clearwater Analytics is 34.6x. |
| What is the current revenue growth of Clearwater Analytics? | Clearwater Analytics revenue growth between 2023 and 2024 was 23%. |
| Is Clearwater Analytics profitable? | Yes, Clearwater Analytics is EBITDA-positive (as of the last 12 months). |
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