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Clearwater Analytics Holdings, Inc.: Business Overview, Financials & Competitive Analysis

Clearwater Analytics Holdings, Inc. scores 8/10 on the AskCyborg Cyborg Score (Strong). Market-leading cloud-native investment management platform capturing significant growth through portfolio expansion and strategic M&A, though facing acquisition integration challenges. Annualized Recurring Revenue (ARR) reached $807.5 million as of Q3 2025, up 77% year-over-year. The company demonstrates strong market positioning with sticky revenue retention and is executing a significant.

What is Clearwater Analytics Holdings, Inc.'s industry? Clearwater Analytics Holdings, Inc. (cwan.com) operates in Investment Management Software / Financial Technology (FinTech). AskCyborg classifies Clearwater Analytics Holdings, Inc. under Investment Management Software / Financial Technology (FinTech) in its company registry.

Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. The company su...

8/ 10Strong

Cyborg Score thesis

Market-leading cloud-native investment management platform capturing significant growth through portfolio expansion and strategic...

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Industry Investment Management Software / Financial Technology (FinTech)
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
Clearwater Analytics Holdings, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Clearwater Analytics Holdings, Inc. Overview

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Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. The company supports over $10 trillion in assets globally, serving insurers, asset managers, hedge funds, and other institutional investors.

Strategic Profile

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Clearwater is aggressively transforming from a back-office accounting specialist into a unified, front-to-back office investment management platform. The company has a sticky 98% gross revenue retention rate and is integrating generative AI across $10 trillion in client assets, solidifying its position as a critical infrastructure layer for asset managers and insurers.

Competitive Landscape

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Clearwater competes against legacy investment management systems that create risk, inefficiency, and data fragmentation. Key competitors include traditional financial software providers like SS&C Technologies, Black Knight, and Markit/IHS Markit, as well as emerging cloud-native platforms.

Industry Context

Clearwater Analytics Holdings, Inc. operates in Investment Management Software / Financial Technology (FinTech).

Key facts

Founded: 2004 · Headquarters: Boise, Idaho · Employees: 1,700+ · Revenue: $205.1M (Q3 2025) · Market cap: $8.2B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Clearwater Analytics Holdings, Inc..

  • ARR reached $807.5 million in Q3 2025, up 77% year-over-year, reflecting full-quarter contribution of acquired businesses
  • Q3 2025 revenue surged 77.1% year-over-year to $205.1 million with full-year guidance up to $731 million
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Recent developments

Material events tracked by the AskCyborg corpus.

  • January 2026Private equity acquisition agreement announced with Permira and Warburg Pincus for approximately $8.2 billion
  • Q3 2025ARR reached $807.5 million, 77% year-over-year growth; revenue hit $205.1 million
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Black KnightInvestment data and analytics platform→SS&C TechnologiesFinancial services software provider→AladdinCompanyEnterprise investment platform→Interactive DataInvestment data and analytics→

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Industry context

Clearwater Analytics Holdings, Inc. operates in Investment Management Software / Financial Technology (FinTech). See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Clearwater Analytics Holdings, Inc. do?+
Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. The company su...
What is Clearwater Analytics Holdings, Inc.'s Cyborg Score?+
Clearwater Analytics Holdings, Inc. has a Cyborg Score of 8/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Clearwater Analytics Holdings, Inc.'s main competitors?+
Named competitors include Black Knight, SS&C Technologies, AladdinCompany, Interactive Data. The full competitive landscape is in the AskCyborg report.
How can I get the full Clearwater Analytics Holdings, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Clearwater Analytics Holdings, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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