Clearwater Dental Partners
Everything that has happened with this deal, newest first — the updates, calls and financials they've sent, and the money that's come back.
Events
43
on the record
Documents
32
29 read & summarised
Distributions
10
cash returned
Invested
$5.00M
2024-02-01
History
43 shown
2026
09-30
Clearwater beats its September 2026 plan by 9%
Financials
5 figures
Revenue of $4.20M was 9% ahead of the $3.86M budget, up 26% on a year earlier. EBITDA of $849K (20% margin) was on plan. The board asked management to re-base the plan on the current run rate.
08-31
Clearwater: August 2026 revenue 7% ahead of plan
Financials
5 figures
Revenue of $4.07M was 7% ahead of the $3.80M budget, up 24% on a year earlier. EBITDA of $940K (23% margin) beat plan by 18%. Management raised the full-year revenue outlook.
07-31
Clearwater beats its July 2026 plan by 7%
Financials
5 figures
Revenue of $4.00M was 7% ahead of the $3.74M budget, up 22% on a year earlier. EBITDA of $917K (23% margin) beat plan by 17%. The board asked management to re-base the plan on the current run rate.
06-30
Clearwater: June 2026 revenue 5% ahead of budget
Financials
5 figures
Revenue of $3.87M was 5% ahead of the $3.68M budget, up 24% on a year earlier. EBITDA of $743K (19% margin) was on plan. Management reiterates the full-year outlook.
06-30
Update
Update
06-25
Distribution $44K
Includes a one-off recapitalisation distribution.
05-31
Clearwater slightly ahead of plan in May 2026
Financials
5 figures
Revenue of $3.82M was 5% ahead of the $3.63M budget, up 22% on a year earlier. EBITDA of $802K (21% margin) beat plan by 5%. The full-year plan is unchanged; the beat is mostly volume.
04-30
Clearwater: April 2026 revenue 5% ahead of budget
Financials
5 figures
Revenue of $3.73M was 5% ahead of the $3.57M budget, up 22% on a year earlier. EBITDA of $849K (23% margin) beat plan by 13%. Management reiterates the full-year outlook.
03-31
Clearwater beats its March 2026 plan by 7%
Financials
5 figures
Revenue of $3.77M was 7% ahead of the $3.51M budget, up 25% on a year earlier. EBITDA of $775K (21% margin) beat plan by 5%. The board asked management to re-base the plan on the current run rate.
03-27
Distribution $39K
02-28
Clearwater beats its February 2026 plan by 7%
Financials
5 figures
Revenue of $3.71M was 7% ahead of the $3.46M budget, up 25% on a year earlier. EBITDA of $751K (20% margin) was on plan. The board asked management to re-base the plan on the current run rate.
01-31
Clearwater on plan in January 2026
Financials
5 figures
Revenue of $3.47M was in line with the $3.40M budget, up 24% on a year earlier. EBITDA of $658K (19% margin) was 8% short of plan. Nothing in the package changes the full-year view.
01-15
Clearwater 2026 budget approved: revenue $44.6M
Financials
The board-approved 2026 budget plans revenue of $44.6M, 16% above 2025's actual revenue, and EBITDA of $9.37M, a 21% margin.
2025
12-31
Clearwater slightly ahead of plan in December 2025
Financials
5 figures
Revenue of $3.46M was 3% ahead of the $3.35M budget, up 21% on a year earlier. EBITDA of $735K (21% margin) was on plan. The full-year plan is unchanged; the beat is mostly volume.
12-31
Clearwater FY2025 audit: clean opinion
Financials
The auditors issued an unqualified opinion on FY2025. Audited revenue of $38.3M and EBITDA of $7.96M agree with the monthly packages to within 0.4%; no adjustments were booked.
12-31
Tax document
Tax document
12-27
Distribution $51K
Includes a one-off recapitalisation distribution.
11-30
Clearwater: November 2025 revenue 4% ahead of budget
Financials
5 figures
Revenue of $3.44M was 4% ahead of the $3.30M budget, up 28% on a year earlier. EBITDA of $717K (21% margin) was on plan. Management reiterates the full-year outlook.
10-31
Clearwater slightly ahead of plan in October 2025
Financials
5 figures
Revenue of $3.43M was 6% ahead of the $3.25M budget, up 27% on a year earlier. EBITDA of $648K (19% margin) was on plan. The full-year plan is unchanged; the beat is mostly volume.
09-30
Clearwater signs a regional payer agreement
Financials
5 figures
A regional dental plan moved the practices in-network at improved fee schedules from the first of the quarter. Revenue of $3.33M was 4% ahead of the $3.19M budget, up 29% on a year earlier. EBITDA of $655K (20% margin) was on plan.
09-21
Distribution $48K
08-31
Clearwater slightly ahead of plan in August 2025
Financials
5 figures
Revenue of $3.28M was 4% ahead of the $3.14M budget. EBITDA of $671K (20% margin) was on plan. The full-year plan is unchanged; the beat is mostly volume.
07-31
Clearwater: July 2025 revenue 6% ahead of plan
Financials
5 figures
Revenue of $3.28M was 6% ahead of the $3.09M budget, up 5% on the prior month. EBITDA of $678K (21% margin) was on plan. Management raised the full-year revenue outlook.
06-30
Clearwater on plan in June 2025
Financials
5 figures
Revenue of $3.13M was in line with the $3.05M budget. EBITDA of $722K (23% margin) beat plan by 13%. Nothing in the package changes the full-year view.
06-24
Distribution $54K
05-31
Clearwater: May 2025 revenue 5% ahead of budget
Financials
5 figures
Revenue of $3.14M was 5% ahead of the $3.00M budget, up 2% on the prior month. EBITDA of $635K (20% margin) was on plan. Management reiterates the full-year outlook.
04-30
Clearwater slightly ahead of plan in April 2025
Financials
5 figures
Revenue of $3.07M was 4% ahead of the $2.95M budget, up 2% on the prior month. EBITDA of $623K (20% margin) was on plan. The full-year plan is unchanged; the beat is mostly volume.
03-31
Clearwater adds two practices
Financials
5 figures
Two affiliated practices joined the platform in the period, funded from the acquisition line; both keep their founding dentists. Revenue of $3.01M was 4% ahead of the $2.90M budget, up 2% on the prior month. EBITDA of $673K (22% margin) beat plan by 10%.
03-23
Distribution $35K
02-28
Clearwater: February 2025 revenue 4% ahead of budget
Financials
5 figures
Revenue of $2.97M was 4% ahead of the $2.86M budget, up 6% on the prior month. EBITDA of $565K (19% margin) was 6% short of plan. Management reiterates the full-year outlook.
01-31
Clearwater: January 2025 in line with budget
Financials
5 figures
Revenue of $2.79M was in line with the $2.81M budget, down 2% on the prior month. EBITDA of $637K (23% margin) beat plan by 8%. No changes to the team or the capital structure.
01-14
Clearwater 2025 budget approved: revenue $36.9M
Financials
The board-approved 2025 budget plans revenue of $36.9M, 22% above 2024's actual revenue, and EBITDA of $7.75M, a 21% margin.
2024
12-31
Clearwater slightly ahead of plan in December 2024
Financials
5 figures
Revenue of $2.86M was 3% ahead of the $2.77M budget, up 6% on the prior month. EBITDA of $583K (20% margin) was on plan. The full-year plan is unchanged; the beat is mostly volume.
12-12
Distribution $54K
11-30
Clearwater: November 2024 in line with budget
Financials
5 figures
Revenue of $2.69M was in line with the $2.73M budget. EBITDA of $618K (23% margin) beat plan by 8%. No changes to the team or the capital structure.
10-31
Clearwater on plan in October 2024
Financials
5 figures
Revenue of $2.70M was in line with the $2.68M budget, up 5% on the prior month. EBITDA of $534K (20% margin) was 5% short of plan. Nothing in the package changes the full-year view.
09-30
Clearwater: September 2024 in line with budget
Financials
5 figures
Revenue of $2.57M was in line with the $2.64M budget. EBITDA of $550K (21% margin) was on plan. No changes to the team or the capital structure.
09-25
Distribution $53K
06-23
Distribution $26K
03-23
Distribution $36K
02-15
Clearwater 2024 budget approved: revenue $30.5M
Financials
The board-approved 2024 budget plans revenue of $30.5M, 26% above 2023's actual revenue, and EBITDA of $6.40M, a 21% margin.
02-01
Invested $5.00M
Undated
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Every entry is a real record — click a filename to open the original in SharePoint. Documents in grey are on file but haven't been read yet, so they show as an event without a summary; run the extractor to fill them in. “Significant” marks an update that changes the investment case, as opposed to routine reporting.