Growth Metrics

Clearwater Analytics Holdings (CWAN) EBITDA (2020 - 2026)

Clearwater Analytics Holdings posted quarterly EBITDA of $9.0 million for Q1 2026, up 26.94% year-on-year from $7.1 million in Q1 2025, and up 233.32% on a QoQ basis from -$6.7 million in Q4 2025.

Clearwater Analytics Holdings (CWAN) has 7 years of EBITDA data on file, last reported at $9.0 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA rose 26.94% year-over-year to $9.0 million; the trailing twelve-month figure through Mar 2026 stood at -$5.8 million (down 129.66% YoY), and the FY2025 full-year result was -$7.7 million, down 162.82% from the prior year.
  • EBITDA for Q1 2026 stood at $9.0 million, up from -$6.7 million in the prior quarter.
  • Across five years, EBITDA topped out at $9.0 million in Q1 2026 and bottomed at -$14.6 million in Q2 2025.
  • The 5-year median for EBITDA is $1.2 million (2024), against an average of $112294.1.
  • The widest annual swing landed in 2023, when EBITDA plunged 732.21%; it then surged 4366.27% in 2025.
  • A 5-year view of EBITDA shows it stood at $3.9 million in 2022, then sank by 33.16% to $2.6 million in 2023, then tumbled by 52.97% to $1.2 million in 2024, then slumped by 653.61% to -$6.7 million in 2025, then surged by 233.32% to $9.0 million in 2026.
  • The last three EBITDA figures came in at $9.0 million (Q1 2026), -$6.7 million (Q4 2025), and $6.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn 3.21 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 1.87 Bn
3 Uber Technologies 147.39 Bn 146.35 Bn 11.88 Bn 1.92 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn -586.00 Mn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 457.00 Mn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 431.33 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 2.42 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn -1.37 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 4.02 Bn
10 Clearwater Analytics Holdings 7.17 Bn 7.10 Bn 145.55 Mn 8.99 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 8.99 Mn
Dec 31, 2025 -6.74 Mn
Sep 30, 2025 6.55 Mn
Jun 30, 2025 -14.58 Mn
Mar 31, 2025 7.08 Mn
Dec 31, 2024 1.22 Mn
Sep 30, 2024 7.34 Mn
Jun 30, 2024 3.84 Mn
Mar 31, 2024 -166,000.00
Dec 31, 2023 2.59 Mn
Sep 30, 2023 -5.89 Mn
Jun 30, 2023 -7.13 Mn
Mar 31, 2023 -6.32 Mn
Dec 31, 2022 3.88 Mn
Sep 30, 2022 -1.16 Mn
Jun 30, 2022 1.13 Mn
Mar 31, 2022 1.28 Mn
Dec 31, 2021 654,000.00
Sep 30, 2021 7.26 Mn
Jun 30, 2021 8.56 Mn
Mar 31, 2021 11.98 Mn
Dec 31, 2020 -61.50 Mn
Sep 30, 2020 16.51 Mn