CWAN - NYSE

Clearwater Analytics Holdings, Inc.

CWAN·NYSE

$24.39

+0.062%

TechnologySoftware - Application

Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities. The company offers investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions. Its Clearwater Prism solution enables self-service access to data feeds from accounting, compliance, performance, and risk systems, including those offered by the company and other third-party software vendors, as well as provides flexible reporting to various users. The company was incorporated in 2021 and is headquartered in Boise, Idaho.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$7.25B

EPS-0.1400

P/E Ratio-174.21

Earnings Date08/05/2026

175.90M

Operating Cash Flow

137%

3Y+203.0%

5Y-2812.0%

10Y-176.0%

-988.13M

Investing Cash Flow

1676%

3Y+1191.0%

5Y+25862.0%

10Y+29204.0%

725.41M

Financing Cash Flow

-1276%

3Y+4370.0%

5Y+1321.0%

10Y+205.0%

Clearwater Analytics Holdings, Inc. Cash Conversion Engine

CWAN · NYSE

FCF Components

Net Income-38.81M

Depreciation & Amortization85.54M

Stock-Based Compensation127.90M

Change in Working Capital-17.81M

Others31.68M

Capital Expenditures-11.55M

Free Cash Flow164.34M

Cash Flow Quality Analysis

FCF Conversion Rate

-423.5%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

6.6%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+138.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$17.81M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Clearwater Analytics Holdings, Inc. Cash Flow Statement

CWAN • NYSE

Clearwater Analytics Holdings, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
OPERATING ACTIVITIES
Net Income	-38.8M	427.6M	-23.1M	-6.7M	-8.1M	-44.2M	7.7M
Depreciation & Amortization	85.5M	12.2M	9.9M	5.1M	3.5M	2.3M	2M
Change in Deferred Taxes	-12.6M	-460M	-1.7M	-803K	-648K	0.0	0.0
Stock-Based Compensation	127.9M	103.2M	104.4M	65.7M	36.7M	24.6M	6.2M
Other Non-Cash Items	31.7M	12.6M	11.1M	10.6M	15.2M	4.8M	3.1M
Cash Taxes Paid	(0.0)	(2M)	(2.4M)	(2M)	(802K)	(429K)	(0.0)
Change in Working Capital	-17.8M	-21.2M	-16.1M	-15.9M	-43.3M	6M	-249.1M
Cash from Operating Activities	175.9M	74.3M	84.6M	58M	3.4M	-6.5M	-230M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-11.6M	-5.3M	-5.6M	-7.8M	-5M	-3.8M	-3.4M
Acquisitions, Net	-1.1B	-40.1M	(0.0)	-65.8M	(0.0)	(0.0)	(0.0)
Purchase of Investments	-4.7M	-117.6M	-127.2M	-3M	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	113.2M	107.4M	37.8M	0.0	0.0	0.0	0.0
Other Investing Items	-10.3M	-104K	0.0	0.0	0.0	0.0	0.0
Cash from Investing Activities	-988.1M	-55.6M	-95.1M	-76.6M	-5M	-3.8M	-3.4M
FINANCING ACTIVITIES
Net Issuance of Common Stock	-11.3M	0.0	0.0	0.0	581.6M	-567K	-3.8M
Net Issuance of Debt	770.4M	-2.8M	-2.7M	-2.8M	-379.9M	181.1M	0.0
Cash Paid for Dividends	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-173.2M	(0.0)
Share Repurchases	-18.1M	(0.0)	(0.0)	(0.0)	-626K	-567K	-3.8M
Other Financing Items	-33.7M	-58.9M	-16.5M	19M	-6.4M	43.7M	241.5M
Cash from Financing Activities	725.4M	-61.7M	-19.3M	16.2M	195.3M	51M	237.7M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	713K	-1.4M	785K	-1.6M	-112K	85K	87K
Net Change in Cash	-86.1M	-44.4M	-29M	-3.9M	193.5M	40.8M	4.4M
Cash at Beginning of Period	177.4M	221.8M	250.7M	254.6M	61.1M	20.3M	15.9M
Cash at End of Period	91.2M	177.4M	221.8M	250.7M	254.6M	61.1M	20.3M
Free Cash Flow	164.3M	69.1M	79M	50.2M	-1.7M	-10.3M	-233.4M

SEC Filings

CWAN - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 06, 2026	2026	View Filing
10-K/A 10-K/A 2025 FY (Amended) FY	April 01, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 18, 2026	February 18, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 18, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 23, 2026	January 23, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	December 22, 2025	December 22, 2025	2025	View Filing
8-K 8-K 2025 N/A	December 22, 2025	December 20, 2025	2025	View Filing

Showing 1 to 10 of 90 filings

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