DPC Holdings Ltd (CWAN) Stock

DPC Holdings Ltd (CWAN) is a Materials stock trading at $45.70 (as of 2026-08-20), with a market capitalization of $6.83B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Understand DPC Holdings Ltd: how it makes money

Clearwater Analytics provides a Software-as-a-Service platform for insurers, investment managers, corporations, institutional investors, and government entities to automate investment data aggregation, reconciliation, accounting, and reporting, and to deliver performance measurement, compliance monitoring, and risk analytics, with Prism enabling self-service access to data feeds.

Clearwater is a recurring-revenue SaaS business, so its profit model is structurally driven by Annual Recurring Revenue levels and how well it retains and expands subscriptions, reflected in Net Revenue Retention Rate.

Business quality (Mixed): The company reports operating metrics that directly link growth to retention (Annual Recurring Revenue and Net Revenue Retention Rate). Profitability is present but modest, with a 65.8% gross margin and a 4.1% operating margin for the latest quarter.

Bull case

  • Retention and expansion above 100%: Net Revenue Retention Rate is 108.0%, which suggests existing customer subscriptions are expanding as well as renewing.
  • Strong gross profitability for the software layer: Gross margin is 65.8%, indicating strong economics before operating expenses.
  • Operational momentum in onboarding and automation: Onboarding completed within five months is 90%, and Auto-Reconciliation Rate for Transactions is 90%, with reported automation benefits from generative AI.

Bear case

  • Thin operating margin: Operating margin is 4.1%, so even small execution issues or cost increases could pressure profitability.
  • Recurring revenue durability is critical: Because Net Revenue Retention Rate is a core KPI, a future decline from current levels would likely slow the growth of Annual Recurring Revenue.
Valuation — source: SEC EDGAR (first-party)
Price$45.70
Market Cap$6.83B
Price / Book8.84
Price / Sales7.63
FCF Yield-0.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$837.00M
Net Margin-20.7%
Revenue Growth (YoY)33.7%
EPS Growth (YoY)159.1%
FCF Growth (YoY)-589.1%
Valuation vs Sector & Industry
Sector P/E (Materials)25.1
Industry P/E (Steel Works)21.7
Company
SectorMaterials
IndustrySteel Works

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CWAN earnings history · CWAN institutional & insider holders · CWAN KPIs & operating metrics · CWAN financials · CWAN investor presentations & press releases · CWAN SEC filings · CWAN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.