Clearwater Analytics Holdings (CWAN) Shares Outstanding (Diluted Average) (2021 - 2026)
Clearwater Analytics Holdings posted quarterly Shares Outstanding (Diluted Average) of $295.0 million for Q1 2026, up 19.81% year-on-year from $246.2 million in Q1 2025, and up 8.72% on a QoQ basis from $271.3 million in Q4 2025.
Clearwater Analytics Holdings (CWAN) has 6 years of Shares Outstanding (Diluted Average) data on file, last reported at $295.0 million in Q1 2026.
- For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) rose 19.81% year-over-year to $295.0 million; the trailing twelve-month figure through Mar 2026 stood at $295.0 million (up 19.81% YoY), and the FY2025 full-year result was $271.3 million, up 6.67% from the prior year.
- Shares Outstanding (Diluted Average) for Q1 2026 stood at $295.0 million, up from $271.3 million in the prior quarter.
- Across five years, Shares Outstanding (Diluted Average) topped out at $295.0 million in Q1 2026 and bottomed at $182.1 million in Q2 2022.
- The 5-year median for Shares Outstanding (Diluted Average) is $227.8 million (2024), against an average of $230.3 million.
- The widest annual swing landed in 2023, when Shares Outstanding (Diluted Average) slipped 21.84%; it then surged 32.37% in 2024.
- A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $185.6 million in 2022, then increased by 7.62% to $199.7 million in 2023, then increased by 27.38% to $254.4 million in 2024, then climbed by 6.67% to $271.3 million in 2025, then increased by 8.72% to $295.0 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $295.0 million (Q1 2026), $271.3 million (Q4 2025), and $288.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 956.00 Mn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.07 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.30 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 1.04 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 273.73 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 411.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 404.50 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 279.00 Mn |
| 10 | Clearwater Analytics Holdings | 7.17 Bn | 7.10 Bn | 145.55 Mn | 294.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 294.99 Mn |
| Dec 31, 2025 | 271.32 Mn |
| Sep 30, 2025 | 287.98 Mn |
| Jun 30, 2025 | 270.63 Mn |
| Mar 31, 2025 | 246.21 Mn |
| Dec 31, 2024 | 254.36 Mn |
| Sep 30, 2024 | 227.77 Mn |
| Jun 30, 2024 | 218.35 Mn |
| Mar 31, 2024 | 255.46 Mn |
| Dec 31, 2023 | 199.69 Mn |
| Sep 30, 2023 | 201.58 Mn |
| Jun 30, 2023 | 195.87 Mn |
| Mar 31, 2023 | 192.99 Mn |
| Dec 31, 2022 | 185.56 Mn |
| Sep 30, 2022 | 184.03 Mn |
| Jun 30, 2022 | 182.09 Mn |
| Mar 31, 2022 | 246.92 Mn |
| Dec 31, 2021 | 177.68 Mn |