Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Free Cash Flow came in at $17.5 million in Q1 2026, down 24.14% YoY from $23.0 million in Q1 2025, and down 68.33% on a QoQ basis from $55.2 million in Q4 2025.
Clearwater Analytics Holdings (CWAN) Free Cash Flow (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has 7 years of Free Cash Flow data on file, last reported at $17.5 million in 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 eased to $17.5 million in Q1 2026, from $55.2 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $55.2 million in Q4 2025 to a low of -$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 sank 223.44%.
- Tracing CWAN's Free Cash Flow over 5 years: stood at $18.0 million in 2022, then jumped by 31.69% to $23.7 million in 2023, then slumped by 223.44% to -$29.2 million in 2024, then jumped by 288.88% to $55.2 million in 2025, then sank by 68.33% to $17.5 million in 2026.
- The last three Free Cash Flow figures came in at $17.5 million (Q1 2026), $55.2 million (Q4 2025), and $49.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 8.16 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 654.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 2.79 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 473.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 232.77 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 1.36 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 2.11 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 5.24 Bn |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 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 |