Clearwater Analytics Holdings, Inc. (CWAN) EBITDA Margin (2020 - 2026)
Clearwater Analytics Holdings (CWAN) recorded EBITDA Margin of 18.83% in Q1 2026, up 9.71 percentage points from 9.13% a year earlier and up 6.37 percentage points from the prior quarter.
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Clearwater Analytics Holdings, Inc. (CWAN) EBITDA Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Clearwater Analytics Holdings' EBITDA Margin came in at 14.46% as of Mar 31, 2026, up 6.55 percentage points year-over-year; for FY2025, it came in at 12.22%, up 5.65 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +19.99 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 6.57% in FY2024 (+7.13 pp), -0.56% in FY2023 (-5.36 pp), 4.81% in FY2022 (-9.22 pp) and 14.02% in FY2021 (+21.80 pp).
- Quarterly EBITDA Margin has ranged from -3.97% in Q2 2023 to 19.44% in Q3 2025 over the past five years.
- On a year-over-year basis, EBITDA Margin has increased for three consecutive quarters, with an average year-over-year change of +6.63 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 113.87 percentage points in Q4 2021, against a drop of 18.94 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.47% (Q4 2025), 19.44% (Q3 2025) and 5.92% (Q2 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 18.83% |
| Dec 31, 2025 | 12.47% |
| Sep 30, 2025 | 19.44% |
| Jun 30, 2025 | 5.92% |
| Mar 31, 2025 | 9.13% |
| Dec 31, 2024 | 5.03% |
| Sep 30, 2024 | 10.13% |
| Jun 30, 2024 | 7.47% |
| Mar 31, 2024 | 3.51% |
| Dec 31, 2023 | 6.45% |
| Sep 30, 2023 | -2.32% |
| Jun 30, 2023 | -3.97% |
| Mar 31, 2023 | -3.16% |
| Dec 31, 2022 | 8.01% |
| Sep 30, 2022 | 1.82% |
| Jun 30, 2022 | 4.67% |
| Mar 31, 2022 | 4.58% |
| Dec 31, 2021 | 4.19% |
| Sep 30, 2021 | 13.89% |
| Jun 30, 2021 | 16.50% |
API Access
Clearwater Analytics Holdings, Inc. EBITDA Margin 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-margin&ticker=CWAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=CWAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();