Clearwater (CWAN) Reports Strong Q3 2025 Earnings with Revenue Growth and Margin Expansion
Clearwater (CWAN) reported Q3 2025 earnings with non-GAAP revenue of $205.1 million, a 77% year-over-year increase, driven by recent acquisitions. Adjusted EBITDA rose to $70.7 million, with gross margin reaching 78.5%, ahead of the 2027 target. The company also noted a 70% year-over-year increase in bookings for core cross-sell modules.
Tickers: $CWAN
Topics: earnings report EBITDA financial performance margin expansion recurring revenue revenue growth