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

Clearwater Analytics Holdings (CWAN) reported Free Cash Flow of $17.5 million for Q1 2026, down 28.49% on a YoY basis from $24.4 million in Q1 2025, and down 66.58% quarter-over-quarter from $52.3 million in Q4 2025.

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

Clearwater Analytics Holdings has reported Free Cash Flow for 7 years, with the latest figure 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.
  • The five-year high for Free Cash Flow was $52.3 million in Q4 2025, with the low at -$34.4 million in Q4 2024.
  • Historically, Free Cash Flow has averaged $22.7 million across 5 years, with a median of $18.1 million in 2023.
  • Annual changes were most pronounced in 2022 — Free Cash Flow jumped 15134.74% — and 2024, when it sank 224.2%.
  • Clearwater Analytics Holdings' Free Cash Flow stood at $16.3 million in 2022, then jumped by 70.29% to $27.7 million in 2023, then slumped by 224.2% to -$34.4 million in 2024, then surged by 251.86% to $52.3 million in 2025, then plunged 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) FCF (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 4.11 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 225.50 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 2.29 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 476.00 Mn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 306.96 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 1.57 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 2.19 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 2.11 Bn
10 Clearwater Analytics Holdings 7.15 Bn 7.07 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