Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Free Cash Flow came in at $11.2 million in Q1 2026, down 51.22% on a YoY basis from $23.0 million in Q1 2025, and down 78.51% quarter-over-quarter from $52.3 million in Q4 2025.
Analysis
Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has reported Free Cash Flow for 7 consecutive years, with $11.2 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 51.22% year-over-year to $11.2 million; the trailing twelve-month figure through Mar 2026 stood at $152.5 million (up 82.7% YoY), and the FY2025 full-year result was $164.3 million, up 137.96% from the prior year.
- Free Cash Flow eased to $11.2 million in Q1 2026 per CWAN's latest filing, 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 -$30.0 million in Q4 2024.
- Historically, Free Cash Flow has averaged $22.0 million across 5 years, with a median of $19.6 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Free Cash Flow soared 1407.76% in 2022, then sank 233.22% in 2024.
- Over 5 years, Free Cash Flow stood at $16.3 million in 2022, then surged by 38.42% to $22.5 million in 2023, then tumbled by 233.22% to -$30.0 million in 2024, then soared by 274.17% to $52.3 million in 2025, then tumbled by 78.51% to $11.2 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $11.2 million, $52.3 million, and $44.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 5.24 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 11.24 Mn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | -11.45 Mn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 96.92 Mn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 38.38 Mn |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | 7.35 Mn |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | -8,874.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 11.24 Mn |
| Dec 31, 2025 | 52.29 Mn |
| Sep 30, 2025 | 44.93 Mn |
| Jun 30, 2025 | 44.09 Mn |
| Mar 31, 2025 | 23.03 Mn |
| Dec 31, 2024 | -30.02 Mn |
| Sep 30, 2024 | 48.07 Mn |
| Jun 30, 2024 | 42.42 Mn |
| Mar 31, 2024 | 8.60 Mn |
| Dec 31, 2023 | 22.54 Mn |
| Sep 30, 2023 | 30.66 Mn |
| Jun 30, 2023 | 19.56 Mn |
| Mar 31, 2023 | 6.22 Mn |
| Dec 31, 2022 | 16.28 Mn |
| Sep 30, 2022 | 12.77 Mn |
| Jun 30, 2022 | 16.51 Mn |
| Mar 31, 2022 | 4.69 Mn |
| Dec 31, 2021 | 10.89 Mn |
| Sep 30, 2021 | 6.03 Mn |
| Jun 30, 2021 | 1.10 Mn |