Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Debt Ratio came in at 0.27 in Q1 2026, up 656.8% on a YoY basis from 0.04 in Q1 2025, and down 1.81% quarter-over-quarter from 0.27 in Q4 2025.
Analysis
Clearwater Analytics Holdings (CWAN) Debt Ratio (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has reported Debt Ratio for 7 consecutive years, with 0.27 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio rose 656.8% year-over-year to 0.27; the trailing twelve-month figure through Mar 2026 stood at 0.27 (up 656.8% YoY), and the FY2025 full-year result was 0.27, up 591.15% from the prior year.
- Debt Ratio retreated to 0.27 in Q1 2026 per CWAN's latest filing, from 0.27 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.29 in Q2 2025 and bottomed at 0.04 in Q1 2025.
- Historically, Debt Ratio has averaged 0.14 across 5 years, with a median of 0.1 in 2023.
- The sharpest annual moves came in 2025 and 2026: Debt Ratio tumbled 59.75% in 2025, then jumped 656.8% in 2026.
- Over 5 years, Debt Ratio stood at 0.11 in 2022, then fell by 18.23% to 0.09 in 2023, then slumped by 54.85% to 0.04 in 2024, then jumped by 591.15% to 0.27 in 2025, then dropped by 1.81% to 0.27 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.27, 0.27, and 0.28 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 0.18 |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 0.27 |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 0.00 |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 0.04 |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | - |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | - |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.27 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.28 |
| Jun 30, 2025 | 0.29 |
| Mar 31, 2025 | 0.04 |
| Dec 31, 2024 | 0.04 |
| Sep 30, 2024 | 0.07 |
| Jun 30, 2024 | 0.08 |
| Mar 31, 2024 | 0.09 |
| Dec 31, 2023 | 0.09 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.10 |
| Mar 31, 2023 | 0.10 |
| Dec 31, 2022 | 0.11 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.13 |
| Mar 31, 2022 | 0.14 |
| Dec 31, 2021 | 0.16 |
| Sep 30, 2021 | 0.17 |
| Dec 31, 2020 | 3.68 |