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10-KMEDIUM RiskDETERIORATING

Clearwater Analytics Holdings, Inc.

clearwateranalytics.com
Filed: Feb 18, 2026 CIK: 0001866368Analytics
View original filing on SEC.gov

AI Executive Summary

AI-powered analysis of 10-K filing content

Clearwater Analytics is experiencing significant corporate upheaval with a pending merger that will take the company private, indicating potential strategic distress or undervaluation. The filing reveals complex ownership structures and upcoming major transaction costs that could impact shareholder value and operational continuity.

Red Flags Detected (5)

Pending merger agreement dated December 20, 2025 to take company private via GT Silver BidCo acquisition

Complex dual-class share structure with Class A and Class B common stock creating potential governance issues

LLC Interest exchange mechanism that could dilute Class A shareholders

2 more red flags detected

Key Takeaways

Company is subject to pending merger that will eliminate public shareholders

Complex ownership structure with continuing equity owners holding significant control

2 more takeaways

Filing Overview

Form TypeAnnual Report (10-K)
Filing DateFeb 18, 2026
Risk LevelMEDIUM
TrendDETERIORATING
AI Confidence85%
Red Flags5

What This Means

Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.

Annual Report: Comprehensive filing covering the full fiscal year with audited financial statements.

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