Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026)

Clearwater Analytics Holdings (CWAN) posted Debt Ratio of 0.26 for Q1 2026, down 1.83% on a QoQ basis from 0.27 in Q4 2025, and up 697.78% year-over-year from 0.03 in Q1 2025.

Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026) Analysis & Trends

Clearwater Analytics Holdings' Debt Ratio history runs 7 years deep, the most recent figure standing at 0.26 for Q1 2026.

  • Quarterly Debt Ratio rose 697.78% year-over-year to 0.26 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.26 (up 697.78% YoY) and the FY2025 annual result came in at 0.27, up 628.04% from the prior year.
  • Debt Ratio was 0.26 for Q1 2026 at Clearwater Analytics Holdings, down from 0.27 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.29 in Q2 2025 and bottomed at 0.03 in Q1 2025.
  • A 5-year average of 0.13 and a median of 0.1 in 2023 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2025 — Debt Ratio plunged 59.9% — and 2026, when it jumped 697.78%.
  • Clearwater Analytics Holdings' Debt Ratio stood at 0.1 in 2022, then declined by 18.48% to 0.08 in 2023, then tumbled by 55.0% to 0.04 in 2024, then jumped by 628.04% to 0.27 in 2025, then fell by 1.83% to 0.26 in 2026.
  • Business Quant data shows CWAN's Debt Ratio at 0.26 in Q1 2026, 0.27 in Q4 2025, and 0.28 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 0.08
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 0.00
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn -
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 0.18
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 0.37
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 0.24
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 0.06
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 0.24
10 Clearwater Analytics Holdings 7.24 Bn 7.17 Bn 145.55 Mn 0.26

Historic Data

Download Data
DateValue
Mar 31, 2026 0.26
Dec 31, 2025 0.27
Sep 30, 2025 0.28
Jun 30, 2025 0.29
Mar 31, 2025 0.03
Dec 31, 2024 0.04
Sep 30, 2024 0.07
Jun 30, 2024 0.08
Mar 31, 2024 0.08
Dec 31, 2023 0.08
Sep 30, 2023 0.09
Jun 30, 2023 0.09
Mar 31, 2023 0.10
Dec 31, 2022 0.10
Sep 30, 2022 0.12
Jun 30, 2022 0.12
Mar 31, 2022 0.13
Dec 31, 2021 0.15
Sep 30, 2021 0.16
Dec 31, 2020 3.65