Clearwater Analytics Holdings (CWAN) EBITDA (2020 - 2026)
Clearwater Analytics Holdings (CWAN) posted EBITDA of $41.67 million for Q1 2026, up 259.9% from $11.58 million a year earlier and up 53.7% from the prior quarter.
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Analysis
Clearwater Analytics Holdings (CWAN) EBITDA (2020 - 2026) Analysis & Trends
For the trailing twelve months through Mar 31, 2026, EBITDA at Clearwater Analytics Holdings was $119.43 million, up 217.2% year-over-year; for FY2025, it came in at $89.34 million, up 201.0% from FY2024.
- In prior years, Clearwater Analytics Holdings' EBITDA was $29.68 million in FY2024, -$2.05 million in FY2023, $14.58 million in FY2022 (-58.7%) and $35.34 million in FY2021.
- The Q1 2026 figure stands as the highest quarterly EBITDA in data going back to Q3 2020.
- On a year-over-year basis, EBITDA has increased in each of the last five quarters, with growth averaging 180.3% over the last six quarters.
- The strongest year-over-year quarter for EBITDA in the past five years was Q4 2025, with growth of 326.2%; the weakest was Q3 2022, with a decline of 84.5%.
- According to Business Quant data, EBITDA for the three prior quarters was $27.11 million (Q4 2025), $39.88 million (Q3 2025) and $10.78 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 920.22 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 10.13 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 3.44 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 3.89 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 741.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | -1.38 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 693.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | -8.32 Bn |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.00 Bn | 145.55 Mn | 41.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 41.67 Mn |
| Dec 31, 2025 | 27.11 Mn |
| Sep 30, 2025 | 39.88 Mn |
| Jun 30, 2025 | 10.78 Mn |
| Mar 31, 2025 | 11.58 Mn |
| Dec 31, 2024 | 6.36 Mn |
| Sep 30, 2024 | 11.74 Mn |
| Jun 30, 2024 | 7.98 Mn |
| Mar 31, 2024 | 3.60 Mn |
| Dec 31, 2023 | 6.38 Mn |
| Sep 30, 2023 | -2.20 Mn |
| Jun 30, 2023 | -3.56 Mn |
| Mar 31, 2023 | -2.67 Mn |
| Dec 31, 2022 | 6.62 Mn |
| Sep 30, 2022 | 1.39 Mn |
| Jun 30, 2022 | 3.43 Mn |
| Mar 31, 2022 | 3.24 Mn |
| Dec 31, 2021 | 2.92 Mn |
| Sep 30, 2021 | 8.96 Mn |
| Jun 30, 2021 | 10.05 Mn |
API Access
Clearwater Analytics Holdings EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=CWAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "CWAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=CWAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();