Clearwater Analytics Holdings, Inc. (CWAN)

CWAN Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-38.81	424.38	-21.63	-7.97	-8.21
Depreciation & Amortization	85.54	12.18	9.93	5.14	2.99
Other Amortization	14.26	5.55	5.04	4.61	4.93
Asset Writedown & Restructuring Costs	-	-	-	-	0.5
Loss (Gain) From Sale of Investments	-0.4	-2.22	-1.56	-	-
Stock-Based Compensation	127.9	103.2	104.45	65.69	36.7
Provision & Write-off of Bad Debts	2.17	-	-	-	-
Other Operating Activities	3.05	-447.6	4.5	18.62	9.75
Change in Accounts Receivable	-11.15	-13.65	-19.3	-19.1	-17.31
Change in Accounts Payable	-1.34	0.27	-0.12	1.61	0.36
Change in Other Net Operating Assets	-5.32	-7.78	3.29	-10.59	-26.35
Operating Cash Flow	175.9	74.32	84.6	58.01	3.36
Operating Cash Flow Growth	136.67%	-12.15%	45.85%	1627.37%	-
Capital Expenditures	-11.55	-5.26	-5.62	-7.76	-5.03
Cash Acquisitions	-1,075	-40.12	-	-65.79	-
Sale (Purchase) of Intangibles	-10.24	-	-	-	-
Investment in Securities	108.51	-10.16	-89.43	-3	-
Other Investing Activities	-0.09	-0.1	-	-	-
Investing Cash Flow	-988.13	-55.65	-95.06	-76.55	-5.03
Long-Term Debt Issued	924.48	-	-	-	55
Long-Term Debt Repaid	-154.06	-2.75	-2.75	-2.75	-434.92
Net Debt Issued (Repaid)	770.41	-2.75	-2.75	-2.75	-379.92
Issuance of Common Stock	6.8	4.94	9.33	22.5	586.58
Repurchase of Common Stock	-51.8	-55.3	-20.78	-3.19	-2.81
Other Financing Activities	-	-8.56	-5.08	-0.33	-8.56
Financing Cash Flow	725.41	-61.67	-19.29	16.23	195.29
Foreign Exchange Rate Adjustments	0.71	-1.42	0.79	-1.56	-0.11
Net Cash Flow	-86.11	-44.42	-28.96	-3.87	193.51
Free Cash Flow	164.34	69.06	78.98	50.25	-1.67
Free Cash Flow Growth	137.96%	-12.55%	57.18%	-	-
Free Cash Flow Margin	22.47%	15.29%	21.45%	16.56%	-0.66%
Free Cash Flow Per Share	0.61	0.27	0.40	0.27	-0.01
Cash Interest Paid	31.14	3.46	3.45	1.4	26.11
Cash Income Tax Paid	3.49	1.98	2.43	2.04	0.8
Levered Free Cash Flow	175.08	105.69	95.41	66.92	8.65
Unlevered Free Cash Flow	200.85	108.11	98.09	66.64	23.16
Change in Working Capital	-17.81	-21.16	-16.13	-28.08	-43.29

Updated Feb 18, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q