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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›CWAN›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

Clearwater Analytics Holdings, Inc. (CWAN) financials

Income statement

Clearwater Analytics Holdings, Inc. (CWAN) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$168M$203M$252M$303M$368M$452M$731M
Revenue growth—21.0%24.0%20.4%21.3%22.7%61.9%
Gross profit$121M$150M$184M$216M$261M$329M$492M
Gross margin71.9%73.8%73.1%71.1%70.9%72.8%67.3%
Operating income$25.7M-$20.4M$28.5M$5.12M-$16.7M$12.2M-$7.69M
Operating margin15.3%-10.0%11.3%1.7%-4.5%2.7%-1.1%
Net income$7.73M-$44.2M-$8.21M-$7.97M-$21.6M$424M-$38.8M
Net margin4.6%-21.8%-3.3%-2.6%-5.9%93.9%-5.3%
EPS (diluted)——-$0.05-$0.04-$0.11$1.68-$0.14

Cash flow

Clearwater Analytics Holdings, Inc. (CWAN) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$230M-$6.49M$3.36M$58.0M$84.6M$74.3M$176M
Capital expenditures$3.37M$3.81M$5.03M$7.76M$5.62M$5.26M$11.6M
Free cash flow-$233M-$10.3M-$1.67M$50.2M$79.0M$69.1M$164M
Share buybacks$3.78M$567K$626K$0.00$0.00$0.00$18.1M
Dividends paid—$163M—————

Balance sheet

Clearwater Analytics Holdings, Inc. (CWAN) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents—$61.1M$255M$251M$222M$177M$91.2M
Total assets—$116M$344M$482M$559M$1.17B$3.03B
Total liabilities—$460M$82.5M$144M$149M$139M$1.00B
Long-term debt——$54.3M$51.6M$46.1M$43.3M$815M
Shareholders' equity——$262M$338M$354M$1.01B$2.02B
Retained earnings——-$192M-$187M-$181M$284M$260M
Shares (wtd avg diluted)——178M186M200M254M271M

Every figure is extracted from Clearwater Analytics Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Clearwater Analytics Holdings, Inc.'s annual revenue?
Clearwater Analytics Holdings, Inc. (CWAN) reported $731M of revenue for fiscal year 2025 — up 61.9% from $452M in FY2024, per its annual report filed with the SEC.
Is Clearwater Analytics Holdings, Inc. profitable?
Not in FY2025 — CWAN reported a net loss of $38.8M, per SEC filings.
What is Clearwater Analytics Holdings, Inc.'s free cash flow?
$164M in FY2025 (operating cash flow $176M minus $11.6M of capital expenditures), from the SEC cash-flow statement.
Does CWAN pay a dividend?
Clearwater Analytics Holdings, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CWAN analysis — verdict, score & filings →Is CWAN a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.