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Goldman Sachs

May 11, 2026

Clearwater Analytics Holdings 1Q26 EPS Update

Single Stock ReportEquitiesInformation Technology

Clearwater Analytics reported strong 1Q26 results beating revenue and EBITDA margin expectations. The company is pending a take-private acquisition by Permira and Warburg Pincus expected to close in 2H26.

Key Takeaways

  • 1.Clearwater reported 1Q26 revenue of $221.2 million, which was 3% above Street estimates.
  • 2.The company is being taken private by an investor group led by Permira and Warburg Pincus, with a close expected in 2H26.
  • 3.Due to the pending acquisition, Clearwater did not provide updated financial guidance for the remainder of the year.

Table of Contents

  • EPS recap
  • Key Data
  • GS Forecast
  • Ratios & Valuation
  • Growth & Margins (%)
  • Price Performance
  • Income Statement ($ mn)
  • Balance Sheet ($ mn)
  • Cash Flow ($ mn)
  • Disclosure Appendix
  • Reg AC
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Price target and rating history chart(s)
  • Regulatory disclosures
  • Ratings, coverage universe and related definitions
  • Global product; distributing entities
  • General disclosures

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