Clearwater Analytics Holdings (CWAN) Invested Capital (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Invested Capital came in at $2.9 billion in Q1 2026, up 140.85% on a YoY basis from $1.2 billion in Q1 2025, and little changed quarter-over-quarter from $2.9 billion in Q4 2025.
Analysis
Clearwater Analytics Holdings (CWAN) Invested Capital (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has reported Invested Capital for 7 consecutive years, with $2.9 billion the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 140.85% year-over-year to $2.9 billion; the trailing twelve-month figure through Mar 2026 stood at $2.9 billion (up 140.85% YoY), and the FY2025 full-year result was $2.9 billion, up 84.6% from the prior year.
- Invested Capital steadied at $2.9 billion in Q1 2026 per CWAN's latest filing, from $2.9 billion in the prior quarter.
- Across five years, Invested Capital topped out at $2.9 billion in Q2 2025 and bottomed at $337.0 million in Q1 2022.
- Historically, Invested Capital has averaged $1.1 billion across 5 years, with a median of $476.6 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Invested Capital slumped 70.71% in 2024, then surged 501.35% in 2025.
- Over 5 years, Invested Capital stood at $389.6 million in 2022, then advanced by 17.61% to $458.2 million in 2023, then jumped by 134.85% to $1.1 billion in 2024, then jumped by 165.18% to $2.9 billion in 2025, then increased by 0.25% to $2.9 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $2.9 billion, $2.9 billion, and $2.8 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 27.54 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 2.86 Bn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 1.24 Bn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 3.98 Bn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 316.17 Mn |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | - |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.86 Bn |
| Dec 31, 2025 | 2.85 Bn |
| Sep 30, 2025 | 2.84 Bn |
| Jun 30, 2025 | 2.87 Bn |
| Mar 31, 2025 | 1.19 Bn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 500.20 Mn |
| Jun 30, 2024 | 476.60 Mn |
| Mar 31, 2024 | 454.13 Mn |
| Dec 31, 2023 | 458.24 Mn |
| Sep 30, 2023 | 440.68 Mn |
| Jun 30, 2023 | 420.64 Mn |
| Mar 31, 2023 | 1.55 Bn |
| Dec 31, 2022 | 389.63 Mn |
| Sep 30, 2022 | 362.17 Mn |
| Jun 30, 2022 | 351.80 Mn |
| Mar 31, 2022 | 337.01 Mn |
| Dec 31, 2021 | 315.78 Mn |
| Sep 30, 2021 | 296.96 Mn |
| Dec 31, 2020 | 80.30 Mn |