Clearwater Analytics stock holds as recurring revenue reaches USD 287.4 million

Clearwater Analytics (ISIN US18467P1093) reported USD 287.4 million in recurring revenue for Q2 2026, an increase of 15.8 percent from the prior-year period. The company also posted an adjusted EBITDA margin of 31.4 percent, keeping operating profitability central to the stock story as of September 23, 2026.

Recurring revenue drives the case

According to Clearwater Analytics in its Q2 2026 results, recurring revenue reached USD 287.4 million, while adjusted EBITDA margin was 31.4 percent. The year-over-year revenue comparison provides the clearest quantified measure of operating progress in the latest reported quarter.

The combination of 15.8 percent recurring-revenue growth and a 31.4 percent adjusted EBITDA margin matters because Clearwater sells investment-accounting and reporting software through subscription contracts. For investors, the relevant balance is therefore growth against the cost of expanding the platform rather than revenue alone.

Profitability remains the key measure

The Q2 2026 figures put margin alongside growth as the main operating checkpoint. A 31.4 percent adjusted EBITDA margin means that nearly one-third of recurring revenue converted into adjusted EBITDA in the reported quarter, although adjusted EBITDA is a non-GAAP measure and does not equal net income or free cash flow.

Clearwater Analytics stock therefore carries a two-part operating comparison: recurring revenue was 15.8 percent higher year over year, while the latest reported margin was 31.4 percent. Any subsequent valuation change will depend on whether the company can preserve that margin while continuing to add subscription revenue.

Stock data set the market reference

The latest dated market reference available for Clearwater Analytics stock is the September 22, 2026 trading session. The primary listing is on the New York Stock Exchange and the reference currency is USD; the market figures provide the price, daily change, market capitalization, volume and 52-week range used for the valuation context.

With Q2 2026 recurring revenue of USD 287.4 million and year-over-year growth of 15.8 percent, the operating data offer a concrete benchmark for reading the share price. The 31.4 percent adjusted EBITDA margin supplies the counterweight: faster growth is most valuable when profitability remains durable.

Price and company details

Clearwater Analytics stock is assessed against the New York Stock Exchange quotation dated September 22, 2026, with the price and daily percentage change shown in the accompanying market data. The latest operating comparison remains the 15.8 percent year-over-year increase in recurring revenue to USD 287.4 million in Q2 2026.

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