7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $731M | -$39M | 67.3% | -1.1% | $164M | $823M | $91M |
| 2024 | $452M | $424M | 72.8% | 2.7% | $69M | $43M | $177M |
| 2023 | $368M | -$22M | 70.9% | -4.5% | $79M | $46M | $222M |
| 2022 | $303M | -$8M | 71.1% | 1.7% | $50M | $52M | $251M |
| 2021 | $252M | -$8M | 73.1% | 11.3% | -$2M | $54M | $255M |
| 2020 | $203M | — | 73.8% | -10.0% | -$10M | — | $61M |
| 2019 | $168M | — | 71.9% | 15.3% | -$233M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $221M | -$3M | 65.8% | 4.1% | $11M | $806M | $82M |
| Dec '25 | $217M | -$12M | 67.2% | -3.1% | $52M | $823M | $91M |
| Sep '25 | $205M | -$10M | 65.6% | 3.2% | $45M | $839M | $61M |
| Jun '25 | $182M | -$23M | 65.1% | -8.0% | $44M | $878M | $68M |
| Mar '25 | $127M | $7M | 73.3% | 5.6% | $23M | — | $275M |
| Dec '24 | $126M | $419M | 73.5% | 1.0% | -$30M | $43M | $177M |
| Sep '24 | $116M | $4M | 72.9% | 6.3% | $48M | — | $229M |
| Jun '24 | $107M | -$430000 | 72.0% | 3.6% | $42M | — | $190M |
| Mar '24 | $103M | $2M | 72.6% | -0.2% | $9M | — | $190M |
| Dec '23 | $99M | -$4M | 71.4% | 2.6% | $23M | $46M | $222M |
| Sep '23 | $95M | -$2M | 71.5% | -6.2% | $31M | — | $206M |
| Jun '23 | $90M | -$11M | 70.0% | -7.9% | $20M | — | $190M |
| Mar '23 | $85M | -$4M | 70.7% | -7.5% | $6M | — | $221M |
| Dec '22 | $83M | -$3M | 72.2% | 4.7% | $16M | $52M | $251M |
| Sep '22 | $77M | -$3M | 70.3% | -1.5% | $13M | — | $289M |
| Jun '22 | $73M | -$2M | 71.5% | 1.5% | $17M | — | $279M |
| Mar '22 | $71M | $398000 | 70.1% | 1.8% | $5M | — | $264M |
| Dec '21 | $70M | $101000 | 71.1% | 0.9% | $11M | $54M | $255M |
| Sep '21 | $64M | -$8M | 72.4% | 11.3% | $6M | $55M | $245M |
| Jun '21 | $61M | — | 74.4% | 14.1% | $1M | — | — |
How the market has priced CWAN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Clearwater Analytics Holdings, Inc.'s revenue has grown 29.2% per year. These are computed facts, not advice.
As of FY2025, Clearwater Analytics Holdings, Inc. reported $823M of total debt against $91M of cash.
In FY2025, gross margin was 67.3%, operating margin -1.1%, and net margin -5.3%.
As of Jun '26, Clearwater Analytics Holdings, Inc. traded at a price-to-earnings ratio of about 15.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.