Clearwater Analytics Holdings (CWAN) Operating Leases (2022 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Operating Leases came in at $54.4 million in Q1 2026, up 124.0% on a YoY basis from $24.3 million in Q1 2025, and up 141.36% quarter-over-quarter from $22.6 million in Q4 2025.
Analysis
Clearwater Analytics Holdings (CWAN) Operating Leases (2022 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has reported Operating Leases for 5 consecutive years, with $54.4 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases rose 124.0% year-over-year to $54.4 million; the trailing twelve-month figure through Mar 2026 stood at $54.4 million (up 124.0% YoY), and the FY2025 full-year result was $22.6 million, up 27.75% from the prior year.
- Operating Leases advanced to $54.4 million in Q1 2026 per CWAN's latest filing, from $22.6 million in the prior quarter.
- Across five years, Operating Leases topped out at $54.4 million in Q1 2026 and bottomed at $16.9 million in Q4 2023.
- Historically, Operating Leases has averaged $27.2 million across 5 years, with a median of $24.3 million in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Leases declined 15.55% in 2025, then surged 124.0% in 2026.
- Over 5 years, Operating Leases stood at $19.5 million in 2022, then slipped by 13.11% to $16.9 million in 2023, then advanced by 4.17% to $17.7 million in 2024, then grew by 27.75% to $22.6 million in 2025, then surged by 141.36% to $54.4 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $54.4 million, $22.6 million, and $44.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 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 | 54.44 Mn |
| Dec 31, 2025 | 22.56 Mn |
| Sep 30, 2025 | 43.99 Mn |
| Jun 30, 2025 | 46.77 Mn |
| Mar 31, 2025 | 24.30 Mn |
| Dec 31, 2024 | 17.66 Mn |
| Sep 30, 2024 | 26.93 Mn |
| Jun 30, 2024 | 29.00 Mn |
| Mar 31, 2024 | 28.78 Mn |
| Dec 31, 2023 | 16.95 Mn |
| Sep 30, 2023 | 24.08 Mn |
| Jun 30, 2023 | 25.98 Mn |
| Mar 31, 2023 | 27.56 Mn |
| Dec 31, 2022 | 19.51 Mn |
| Sep 30, 2022 | 17.41 Mn |
| Jun 30, 2022 | 17.79 Mn |
| Mar 31, 2022 | 19.40 Mn |