Clearwater Analytics Holdings, Inc. (CWAN)

Jun 25, 2026 - CWAN was delisted (reason: taken private)

24.56

+0.01 (0.04%)

Inactive · Last trade price on Jun 24, 2026

CWAN Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	825.73	731.37	451.8	368.17	303.43	252.02
Revenue Growth	73.49%	61.88%	22.72%	21.34%	20.40%	24.01%
Gross Profit	544.75	492.15	328.82	261.04	215.64	184.16
Operating Income	-5.78	-7.69	12.23	-16.75	5.12	28.46
Net Income	-48.4	-38.81	424.38	-21.63	-7.97	-8.21
Earnings Per Share	-0.18	-0.14	1.68	-0.11	-0.04	-0.05
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	604.8	545.38	368.52	300.33	261.76	229.48
Rest of World	220.93	185.99	83.28	67.84	41.67	22.54
Revenue (Total)	825.73	731.37	451.8	368.17	303.43	252.02

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	81.51	91.25	255.49	296.22	255.61	254.6
Total Debt	860.84	860.34	71.92	72.08	76.6	53.91
Net Cash (Debt)	-779.33	-769.09	183.57	224.15	179.02	200.69
Net Cash Growth	-	-	-18.10%	25.21%	-10.80%	-
Net Cash Per Share	-2.73	-2.83	0.72	1.12	0.96	1.13

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	169.07	175.9	74.32	84.6	58.01	3.36
Capital Expenditures	-16.53	-11.55	-5.26	-5.62	-7.76	-5.03
Free Cash Flow	152.55	164.34	69.06	78.98	50.25	-1.67
Free Cash Flow Growth	82.70%	137.96%	-12.55%	57.18%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	65.97%	67.29%	72.78%	70.90%	71.07%	73.07%
Operating Margin	-0.70%	-1.05%	2.71%	-4.55%	1.69%	11.29%
Pretax Margin	-7.48%	-6.79%	-6.65%	-6.21%	-1.76%	-3.02%
Profit Margin	-6.05%	-5.50%	94.64%	-6.27%	-2.21%	-3.21%
FCF Margin	18.47%	22.47%	15.29%	21.45%	16.56%	-0.66%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	16.38	-	-	-
Forward PE	36.12	37.18	55.00	53.54	68.93	100.39
P/FCF Ratio	48.22	42.77	93.68	53.40	71.36	-
PS Ratio	8.91	9.61	14.32	11.46	11.82	16.23