Growth Metrics

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 🔒
DateValue
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