Growth Metrics

Clearwater Analytics Holdings (CWAN) EBITDA Margin (2020 - 2025)

Clearwater Analytics Holdings' EBITDA Margin history spans 6 years, with the latest figure at 3.1% for Q4 2025.

  • For Q4 2025, EBITDA Margin fell 406.0% year-over-year to 3.1%; the TTM value through Dec 2025 reached 1.05%, down 376.0%, while the annual FY2025 figure was 1.05%, 376.0% down from the prior year.
  • EBITDA Margin reached 3.1% in Q4 2025 per CWAN's latest filing, down from 3.2% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 21.06% in Q1 2021 to a low of 8.01% in Q2 2025.
  • Average EBITDA Margin over 5 years is 2.16%, with a median of 1.67% recorded in 2022.
  • The largest YoY upside for EBITDA Margin was 9258bps in 2021 against a maximum downside of -1967bps in 2021.
  • A 5-year view of EBITDA Margin shows it stood at 0.94% in 2021, then soared by 400bps to 4.69% in 2022, then tumbled by -44bps to 2.62% in 2023, then crashed by -63bps to 0.96% in 2024, then plummeted by -422bps to 3.1% in 2025.
  • Per Business Quant, the three most recent readings for CWAN's EBITDA Margin are 3.1% (Q4 2025), 3.2% (Q3 2025), and 8.01% (Q2 2025).