Clearwater Analytics Holdings, Inc. (CWAN)

CWAN Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-49.99	-40.25	427.59	-23.08	-6.7	-8.09
Depreciation & Amortization	125.21	97.03	17.45	14.69	9.47	6.88
Stock-Based Compensation	132.76	127.9	103.2	104.45	65.69	36.7
Other Adjustments	8.11	9.03	-452.75	4.67	5.43	11.17
Change in Receivables	-8.35	-11.15	-13.65	-19.3	-19.1	-17.31
Changes in Accounts Payable	-2.88	-1.34	0.27	-0.12	1.61	0.36
Changes in Accrued Expenses	-5.25	22.45	11.69	1.2	0.21	-8.05
Changes in Other Operating Activities	-31.38	-27.77	-19.47	2.08	1.4	-18.3
Operating Cash Flow	169.07	175.9	74.32	84.6	58.01	3.36
Operating Cash Flow Growth	90.43%	136.67%	-12.15%	45.85%	1627.37%	-
Capital Expenditures	-16.53	-11.55	-5.26	-5.62	-7.76	-5.03
Purchases of Intangible Assets	-10.24	-10.24	-4.69	-3.01	-	-
Purchases of Investments	1.68	-3	-114.57	-124.18	-3	-
Proceeds from Sale of Investments	7.52	113.2	113.37	31.8	-	-
Payments for Business Acquisitions	-1,075	-1,075	-40.12	-	-65.79	-
Other Investing Activities	-10.09	-0.09	-0.1	-	-	-
Investing Cash Flow	-1,094	-988.13	-55.65	-95.06	-76.55	-5.03
Long-Term Debt Issued	926.63	924.48	-	-	-	55
Long-Term Debt Repaid	-170.38	-154.06	-2.75	-2.75	-2.75	-434.92
Net Long-Term Debt Issued (Repaid)	-170.38	770.41	-2.75	-2.75	-2.75	-379.92
Issuance of Common Stock	6.8	6.8	4.94	9.33	22.5	586.58
Repurchase of Common Stock	-21.15	-51.8	-55.3	-20.78	-3.19	-2.81
Net Common Stock Issued (Repurchased)	-17.83	-45	-50.36	-11.46	19.31	583.77
Common Dividends Paid	-	-	-3.87	-2.18	-0.12	-
Other Financing Activities	-4.69	-4.69	-4.69	-2.9	-0.21	-8.56
Financing Cash Flow	733.41	725.41	-61.67	-19.29	16.23	195.29
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.05	0.71	-1.42	0.79	-1.56	-0.11
Net Cash Flow	-193.65	-86.11	-44.42	-28.96	-3.87	193.51
Free Cash Flow	152.55	164.34	69.06	78.98	50.25	-1.67
Free Cash Flow Growth	-7.18%	137.96%	-12.55%	57.18%	-	-
FCF Margin	18.47%	22.47%	15.29%	21.45%	16.56%	-0.66%
Free Cash Flow Per Share	0.53	0.61	0.27	0.40	0.27	-0.01
Levered Free Cash Flow	-149.6	810.42	426.3	-12.14	-5.79	-412.27
Unlevered Free Cash Flow	64.5	72.59	-169.33	-4.66	11.34	6.15

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q