The stock is effectively locked to the $24.55 acquisition price; monitor FIRB approval and closing timeline. No trading opportunity from earnings given deal context.
Price Chart
Executive Summary
CWAN reported Q1 2026 revenue of $221.2M (+74% YoY) and non-GAAP EPS of $0.16, in line with consensus. The company is being acquired by a Permira/Warburg Pincus-led group for $24.55/share, with shareholder approval obtained on May 6, 2026. No guidance was provided due to the pending transaction, making the earnings release largely irrelevant for stock price.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $221.2M, up 74% YoY from $126.9M
- Non-GAAP EPS: $0.16, in line with $0.16 consensus
- GAAP net loss: $2.8M vs. net income $6.5M in Q1 2025
- Adjusted EBITDA: $77.4M, up 72% YoY, margin 35.0%
- Annualized Recurring Revenue (ARR): $872M, up 77% YoY
- Shareholders approved $24.55/share acquisition on May 6, 2026; FIRB approval pending
- No earnings call or forward guidance provided due to pending acquisition
- Transaction expenses of $6.1M in the quarter related to the proposed deal
Financial Impact
Revenue beat consensus by ~2.2%; EPS in line. Deal value $8.4B at $24.55/share.
Risk Factors
- FIRB approval not yet obtained; delay or denial could risk deal closure
- Termination of merger agreement could lead to significant stock downside
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001866368-26-000017 |
| Document: cwan-20260507.htm | 0001866368-26-000017 |
| Document: 0001866368-26-000017-index-headers.html | 0001866368-26-000017 |
| Document: 0001866368-26-000017-index.html | 0001866368-26-000017 |
| Document: 0001866368-26-000017.txt | 0001866368-26-000017 |
| 8-K Data (Synthetic) | 0001866368-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 6, 2026 12w ago | 15-12G | $24.56 awaiting T+5 | awaiting T+5 | — | — |
Jun 22, 2026 14w ago | 8-K | $24.53 $24.56 | ▲ +0.12% | ▲ +0.58% | — |
Jun 17, 2026 15w ago | Insider Cluster | $24.29 $24.56 | ▲ +1.11% | ▲ +2.78% | — |
Jun 15, 2026 15w ago | 144 | $24.25 $24.55 | ▲ +1.24% | ▲ +3.47% | — |
Jun 15, 2026 15w ago | 144 | $24.25 $24.55 | ▼ −1.24% | ▼ −3.47% | — |
May 7, 2026 21w ago | 8-K | $24.35 $24.37 | ▲ +0.08% | ▼ −1.38% | — |
Apr 15, 2026 24w ago | 144 | $24.11 $24.18 | ▲ +0.29% | ▼ −0.69% | — |
Apr 8, 2026 25w ago | DEFM14A | $24.02 $24.04 | ▲ +0.08% | ▼ −3.43% | — |
Apr 8, 2026 25w ago | Insider Cluster | $24.02 $24.04 | ▼ −0.08% | ▲ +3.43% | — |
Apr 1, 2026 26w ago | 10-K/A | $23.80 $24.00 | ▲ +0.84% | ▼ −2.78% | — |
US Market Status
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