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
DateValue
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