Clearwater Analytics Holdings, Inc.
Clearwater Analytics Holdings, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Class A | 297 | 294 | 0 | 62 | 226 | 0 | 12 | 14 | 146 | 0 | 1 | 10 | |||||
Common Class B | 1 | 1 | 0 | 5 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | |||||
Common Class C | 0 | 0 | 0 | -13 | 13 | 0 | 0 | 0 | 27 | 0 | 0 | -3 | |||||
Common Class D | 0 | 0 | 0 | -16 | 16 | 0 | -11 | -14 | 72 | 0 | 0 | -7 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 82 | 91 | 61 | 68 | 275 | 177 | 229 | 190 | 190 | 222 | 206 | 190 | |||||
Accounts Receivable Net Current | 170 | 167 | 153 | 148 | 111 | 106 | 100 | 97 | 97 | 92 | 92 | 83 | |||||
Short Term Investments | 0 | 0 | 3 | 4 | 8 | 78 | 77 | 68 | 78 | 74 | 80 | 63 | |||||
Prepaid Expense And Other Assets Current | 43 | 37 | 34 | 38 | 28 | 23 | 25 | 28 | 31 | 28 | 24 | 29 | |||||
Assets Current | 294 | 296 | 251 | 258 | 422 | 385 | 431 | 383 | 396 | 416 | 401 | 365 | |||||
Property Plant And Equipment Net | 30 | 27 | 26 | 25 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | |||||
Operating Lease Right Of Use Asset | 52 | 34 | 40 | 44 | 23 | 25 | 26 | 28 | 28 | 23 | 23 | 25 | |||||
Contract With Customer Asset Net Noncurrent | 11 | 13 | 10 | 8 | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | |||||
Deferred Finance Costs Noncurrent Net | 3 | 3 | 4 | 4 | 0 | 0 | - | - | - | 1 | - | - | |||||
Deferred Income Tax Assets Net | 702 | 696 | 672 | 670 | 601 | 603 | - | - | - | 1 | - | - | |||||
Intangible Assets Net Excluding Goodwill | 661 | 688 | 714 | 741 | 143 | 31 | 34 | 35 | 25 | 26 | 26 | 28 | |||||
Goodwill | 1,268 | 1,270 | 1,267 | 1,267 | 73 | 71 | 74 | 72 | 44 | 45 | 43 | 44 | |||||
Other Assets Noncurrent | 5 | 5 | 7 | 6 | 3 | 3 | 6 | 7 | 5 | 4 | 5 | 5 | |||||
Assets | 3,027 | 3,032 | 2,991 | 3,021 | 1,285 | 1,170 | 623 | 585 | 548 | 559 | 536 | 512 | |||||
Long Term Investments | 0 | 0 | 0 | 0 | 0 | 30 | 31 | 40 | 29 | 21 | 18 | 24 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 2 | 4 | 3 | 6 | 2 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | |||||
Accrued Liabilities And Other Liabilities | 79 | 112 | 84 | 79 | 61 | 56 | 61 | 50 | 41 | 50 | 41 | 34 | |||||
Contract With Customer Liability Current | 28 | 22 | 17 | 21 | 9 | 7 | - | - | - | - | - | - | |||||
Notes Payable Current | 8 | 8 | 8 | 6 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Operating Lease Liability Current | 14 | 15 | 16 | 15 | 9 | 8 | 8 | 8 | 8 | 7 | 6 | 6 | |||||
Liabilities Current | 130 | 161 | 128 | 128 | 83 | 77 | 92 | 80 | 71 | 81 | 63 | 58 | |||||
Long Term Notes Payable | 798 | 815 | 831 | 872 | 42 | 43 | 44 | 45 | 45 | 46 | 46 | 47 | |||||
Operating Lease Liability Noncurrent | 40 | 23 | 28 | 31 | 16 | 18 | 19 | 21 | 21 | 17 | 18 | 20 | |||||
Other Liabilities Noncurrent | 3 | 2 | 2 | 2 | 2 | 1 | 3 | 3 | 4 | 6 | 9 | 9 | |||||
Liabilities | 972 | 1,001 | 989 | 1,033 | 143 | 139 | 170 | 156 | 142 | 149 | 144 | 141 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Additional Paid In Capital | 1,785 | 1,754 | 1,713 | 1,688 | 827 | 725 | 564 | 550 | 529 | 533 | 516 | 495 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 3 | 7 | 7 | 8 | 2 | -1 | 5 | 1 | 1 | 3 | -1 | 1 | |||||
Retained Earnings Accumulated Deficit | 262 | 260 | 261 | 271 | 286 | 284 | -166 | -170 | -170 | -181 | -191 | -189 | |||||
Stockholders Equity | 2,050 | 2,031 | 2,002 | 1,988 | 1,116 | 1,008 | 403 | 429 | 406 | 354 | 391 | 371 | |||||
Minority Interest | 5 | 9 | 20 | 20 | 27 | 22 | 50 | 48 | 46 | 55 | 66 | 63 | |||||
Liabilities And Stockholders Equity | 3,027 | 3,032 | 2,991 | 3,021 | 1,285 | 1,170 | 623 | 585 | 548 | 559 | 536 | 512 | |||||
Common Stock Shares Issued | - | - | - | - | 0 | - | - | - | - | - | - | - | |||||
Shares Outstanding | - | - | - | - | 0 | - | - | - | - | - | - | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | -4.71% | -8.04% | -7.05% | 1.22% | -11.41% | -6.95% | 27.44% | 39.40% | 39.69% | 0.17% | 3.76% | 5.27% |
| 2024 | 11.18% | 10.59% | 16.65% | 4.72% | 7.53% | 16.50% | 8.61% | -1.99% | -1.15% | -12.66% | -23.94% | -21.43% |
| 2023 | - | - | - | 0.63% | 13.11% | 8.97% | 13.65% | 8.20% | 0.65% | 0.64% | -5.05% | 12.60% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.26 | 1.83 | 1.97 | 2.02 | 5.09 | 4.99 | 4.66 | 4.78 | 5.59 | 5.15 | 6.35 | 6.29 | |||||
| Quick Ratio | 1.92 | 1.60 | 1.70 | 1.72 | 4.75 | 4.69 | 4.40 | 4.44 | 5.14 | 4.81 | 5.97 | 5.79 | |||||
| Working Capital | 163.77M | 134.23M | 123.20M | 129.95M | 339.11M | 307.59M | 338.44M | 302.71M | 324.93M | 335.20M | 338.09M | 307.25M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.47 | 0.49 | 0.49 | 0.52 | 0.13 | 0.14 | 0.42 | 0.37 | 0.35 | 0.36 | 0.37 | 0.38 | |||||
| Interest Coverage TTM | -0.10 | -0.17 | 0.01 | 0.05 | 2.67 | 1.45 | 1.53 | 0.04 | -1.08 | -1.84 | -2.71 | -2.31 | |||||
| Debt Ratio | 0.32 | 0.33 | 0.33 | 0.34 | 0.11 | 0.12 | 0.27 | 0.27 | 0.26 | 0.27 | 0.27 | 0.28 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.38 | 0.35 | 0.35 | 0.31 | 0.52 | 0.52 | 0.73 | 0.74 | 0.74 | 0.71 | 0.74 | 0.73 | |||||
| Days Sales Outstanding TTM | 62.12 | 68.25 | 72.15 | 81.21 | 79.84 | 80.08 | 82.59 | 81.43 | 83.01 | 81.62 | 81.38 | 75.62 | |||||
| Receivables Turnover TTM | 5.88 | 5.35 | 5.06 | 4.49 | 4.57 | 4.56 | 4.42 | 4.48 | 4.40 | 4.47 | 4.48 | 4.83 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.17 | -0.15 | 1.36 | 1.50 | 1.74 | 1.67 | 0.01 | -0.02 | -0.06 | -0.12 | -0.11 | -0.11 | |||||
| Free Cash Flow Per Share TTM | 0.52 | 0.61 | 0.28 | 0.31 | 0.35 | 0.31 | 0.56 | 0.48 | 0.38 | 0.40 | 0.36 | 0.28 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 65.97% | 67.29% | 68.53% | 70.56% | 72.95% | 72.78% | 72.25% | 71.87% | 71.40% | 70.90% | 71.08% | 70.79% | |||||
| Operating Profit Margin TTM | -0.70% | -1.05% | 0.04% | 0.19% | 4.09% | 2.71% | 3.21% | 0.09% | -2.74% | -4.55% | -4.39% | -3.22% | |||||
| Net Profit Margin TTM | -6.05% | -5.50% | 61.13% | 73.59% | 90.15% | 93.93% | 0.63% | -0.81% | -3.99% | -6.27% | -6.12% | -6.64% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 73.49% | 61.88% | 50.91% | 36.68% | 23.21% | 22.72% | 20.61% | 20.82% | 21.76% | 21.34% | -13.82% | -15.77% | |||||
| Net Income Growth (1Y) | -111.65% | -109.49% | 14,429.84% | -12,472.70% | -2,880.80% | -1,938.49% | -112.52% | -85.20% | 23.34% | 244.78% | 1,362.30% | 123.21% | |||||
| EPS Growth (1Y) | -109.37% | -107.67% | 10,949.99% | -10,082.45% | -2,598.83% | -1,773.98% | -111.52% | -86.58% | 11.62% | 220.38% | 1,262.49% | 109.39% | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 152.55M | 164.34M | 82.03M | 85.17M | 83.50M | 69.06M | 121.62M | 104.22M | 81.36M | 78.98M | 72.72M | 54.83M | |||||
| Net Debt | 724.89M | 731.40M | 778.12M | 809.69M | -229.91M | -131.44M | -182.11M | -142.16M | -141.73M | -173.19M | -156.42M | -140.31M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Clearwater Analytics Holdings, Inc. (CWAN) — SEC Financial Statements & Analysis
Clearwater Analytics Holdings, Inc. (CWAN) is a services-prepackaged software company, incorporated in DE. Clearwater Analytics Holdings, Inc. trades on NYSE as: CWAN. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Clearwater Analytics Holdings, Inc. reported a 73.49% year-over-year revenue growth, a Gross Profit Margin of 65.97% (TTM), a Debt-to-Equity ratio of 0.47x. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 73.49%
- Gross Profit Margin TTM
- 65.97%
- Debt To Equity
- 0.47x
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Clearwater Analytics Holdings, Inc. in?
Clearwater Analytics Holdings, Inc. (CWAN) operates in the Services-Prepackaged Software industry.
What exchange does CWAN trade on?
Clearwater Analytics Holdings, Inc. (CWAN) trades on the NYSE.
Where is Clearwater Analytics Holdings, Inc. incorporated?
Clearwater Analytics Holdings, Inc. is incorporated in DE.