Growth Metrics

Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026)

Clearwater Analytics Holdings posted quarterly Free Cash Flow of $17.5 million for Q1 2026, down 28.49% year-on-year from $24.4 million in Q1 2025, and down 66.58% on a QoQ basis from $52.3 million in Q4 2025.

Clearwater Analytics Holdings (CWAN) has 7 years of Free Cash Flow data on file, last reported at $17.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 28.49% year-over-year to $17.5 million; the trailing twelve-month figure through Mar 2026 stood at $157.4 million (up 88.38% YoY), and the FY2025 full-year result was $164.3 million, up 137.96% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $17.5 million, down from $52.3 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $52.3 million in Q4 2025 and bottomed at -$34.4 million in Q4 2024.
  • The 5-year median for Free Cash Flow is $18.1 million (2023), against an average of $22.7 million.
  • The widest annual swing landed in 2022, when Free Cash Flow jumped 15134.74%; it then tumbled 224.2% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at $16.3 million in 2022, then surged by 70.29% to $27.7 million in 2023, then sank by 224.2% to -$34.4 million in 2024, then soared by 251.86% to $52.3 million in 2025, then tumbled by 66.58% to $17.5 million in 2026.
  • The last three Free Cash Flow figures came in at $17.5 million (Q1 2026), $52.3 million (Q4 2025), and $40.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn 4.11 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 5.32 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 2.29 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 476.00 Mn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 1.57 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 306.96 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 2.92 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 2.19 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 5.24 Bn
10 Clearwater Analytics Holdings 7.17 Bn 7.10 Bn 145.55 Mn 17.47 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 17.47 Mn
Mar 31, 2026 17.47 Mn
Dec 31, 2025 52.29 Mn
Dec 31, 2025 52.29 Mn
Sep 30, 2025 40.54 Mn
Sep 30, 2025 40.54 Mn
Jun 30, 2025 47.08 Mn
Jun 30, 2025 47.08 Mn
Mar 31, 2025 24.44 Mn
Mar 31, 2025 24.44 Mn
Dec 31, 2024 -34.43 Mn
Dec 31, 2024 -34.43 Mn
Sep 30, 2024 49.59 Mn
Sep 30, 2024 49.59 Mn
Jun 30, 2024 43.95 Mn
Jun 30, 2024 43.95 Mn
Mar 31, 2024 9.95 Mn
Mar 31, 2024 9.95 Mn
Dec 31, 2023 27.72 Mn
Dec 31, 2023 27.72 Mn
Sep 30, 2023 30.66 Mn
Sep 30, 2023 30.66 Mn
Jun 30, 2023 18.05 Mn
Jun 30, 2023 18.05 Mn
Mar 31, 2023 7.73 Mn
Mar 31, 2023 7.73 Mn
Dec 31, 2022 16.28 Mn
Dec 31, 2022 16.28 Mn
Sep 30, 2022 12.77 Mn
Sep 30, 2022 12.77 Mn
Jun 30, 2022 14.28 Mn
Jun 30, 2022 14.28 Mn
Mar 31, 2022 6.92 Mn
Mar 31, 2022 6.92 Mn
Dec 31, 2021 7.72 Mn
Dec 31, 2021 7.72 Mn
Sep 30, 2021 9.20 Mn
Sep 30, 2021 9.20 Mn
Jun 30, 2021 -95,000.00
Jun 30, 2021 -95,000.00
Mar 31, 2021 -18.49 Mn
Mar 31, 2021 -18.49 Mn
Dec 31, 2020 -33.18 Mn
Dec 31, 2020 -33.18 Mn