Clearwater Analytics Holdings (CWAN) Net Margin (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Net Margin came in at 1.26% in Q1 2026, down 673.0% on a YoY basis from 0.22% in Q1 2025, and up 78.06% quarter-over-quarter from 5.76% in Q4 2025.
Analysis
Clearwater Analytics Holdings (CWAN) Net Margin (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has reported Net Margin for 7 consecutive years, with 1.26% the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 673.0% year-over-year to 1.26%; the trailing twelve-month figure through Mar 2026 stood at 6.05% (down 9688.0% YoY), and the FY2025 full-year result was 5.5%, down 10014.0% from the prior year.
- Net Margin grew to 1.26% in Q1 2026 per CWAN's latest filing, from 5.76% in the prior quarter.
- Across five years, Net Margin topped out at 332.35% in Q4 2024 and bottomed at 13.27% in Q2 2025.
- Historically, Net Margin has averaged 16.75% across 5 years, with a median of 2.48% in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 33583 bps in 2024, then sank 33811 bps in 2025.
- Over 5 years, Net Margin stood at 2.38% in 2022, then slumped by 46 bps to 3.48% in 2023, then soared by 9647 bps to 332.35% in 2024, then plunged by 102 bps to 5.76% in 2025, then jumped by 78 bps to 1.26% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1.26%, 5.76%, and 5.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 35.80% |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | -1.26% |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | -9.31% |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | -4.23% |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 0.60% |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | -11.37% |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | -119.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -1.26% |
| Dec 31, 2025 | -5.76% |
| Sep 30, 2025 | -5.13% |
| Jun 30, 2025 | -13.27% |
| Mar 31, 2025 | 5.47% |
| Dec 31, 2024 | 332.35% |
| Sep 30, 2024 | 4.12% |
| Jun 30, 2024 | 0.26% |
| Mar 31, 2024 | 2.18% |
| Dec 31, 2023 | -3.48% |
| Sep 30, 2023 | -2.48% |
| Jun 30, 2023 | -13.21% |
| Mar 31, 2023 | -6.40% |
| Dec 31, 2022 | -2.38% |
| Sep 30, 2022 | -3.95% |
| Jun 30, 2022 | -3.04% |
| Mar 31, 2022 | 0.75% |
| Dec 31, 2021 | 0.19% |
| Sep 30, 2021 | -17.72% |
| Jun 30, 2021 | -0.35% |