Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026)
Clearwater Analytics Holdings (CWAN) posted Free Cash Flow of $17.5 million for Q1 2026, down 68.33% on a QoQ basis from $55.2 million in Q4 2025, and down 24.14% year-over-year from $23.0 million in Q1 2025.
Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings' Free Cash Flow history runs 7 years deep, the most recent figure standing at $17.5 million for Q1 2026.
- Quarterly Free Cash Flow fell 24.14% year-over-year to $17.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $170.1 million (up 91.77% YoY) and the FY2025 annual result came in at $175.7 million, up 136.51% from the prior year.
- Free Cash Flow was $17.5 million for Q1 2026 at Clearwater Analytics Holdings, down from $55.2 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $55.2 million in Q4 2025 and bottomed at -$29.2 million in Q4 2024.
- A 5-year average of $24.1 million and a median of $19.6 million in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow surged 1407.76% — and 2024, when it plunged 223.44%.
- Clearwater Analytics Holdings' Free Cash Flow stood at $18.0 million in 2022, then soared by 31.69% to $23.7 million in 2023, then plunged by 223.44% to -$29.2 million in 2024, then soared by 288.88% to $55.2 million in 2025, then tumbled by 68.33% to $17.5 million in 2026.
- Business Quant data shows CWAN's Free Cash Flow at $17.5 million in Q1 2026, $55.2 million in Q4 2025, and $49.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 4.39 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 235.34 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 476.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 473.00 Mn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 2.19 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 232.77 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 306.96 Mn |
| 10 | Clearwater Analytics Holdings | 7.24 Bn | 7.17 Bn | 145.55 Mn | 17.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.47 Mn |
| Mar 31, 2026 | 17.47 Mn |
| Dec 31, 2025 | 55.18 Mn |
| Dec 31, 2025 | 55.18 Mn |
| Sep 30, 2025 | 48.99 Mn |
| Sep 30, 2025 | 48.99 Mn |
| Jun 30, 2025 | 48.49 Mn |
| Jun 30, 2025 | 48.49 Mn |
| Mar 31, 2025 | 23.03 Mn |
| Mar 31, 2025 | 23.03 Mn |
| Dec 31, 2024 | -29.21 Mn |
| Dec 31, 2024 | -29.21 Mn |
| Sep 30, 2024 | 52.48 Mn |
| Sep 30, 2024 | 52.48 Mn |
| Jun 30, 2024 | 42.42 Mn |
| Jun 30, 2024 | 42.42 Mn |
| Mar 31, 2024 | 8.60 Mn |
| Mar 31, 2024 | 8.60 Mn |
| Dec 31, 2023 | 23.66 Mn |
| Dec 31, 2023 | 23.66 Mn |