CWAN
Clearwater Analytics Holdings Inc
NYSE: CWAN · TECHNOLOGY · SOFTWARE - APPLICATION
$24.13
-0.04% today
Updated 2026-04-29
Market cap
$7.19B
P/E ratio
—
P/S ratio
9.83x
EPS (TTM)
$-0.14
Dividend yield
—
52W range
$16 – $25
Volume
4.9M
Clearwater Analytics Holdings Inc (CWAN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $168.00M | $203.22M | $252.02M | $303.43M | $368.17M | $451.80M | $731.37M |
| Revenue growth (YoY) | — | +21.0% | +24.0% | +20.4% | +21.3% | +22.7% | +61.9% |
| Cost of revenue | $47.15M | $53.26M | $67.86M | $87.78M | $107.13M | $122.99M | $239.22M |
| Gross profit | $120.86M | $149.96M | $184.16M | $215.64M | $261.04M | $328.82M | $492.15M |
| Gross margin | 71.9% | 73.8% | 73.1% | 71.1% | 70.9% | 72.8% | 67.3% |
| R&D | $39.27M | $55.26M | $72.69M | $94.12M | $123.92M | $150.56M | $196.23M |
| SG&A | $36.80M | $43.87M | $43.94M | $63.77M | $93.50M | $98.77M | $154.43M |
| Operating income | $25.70M | $-20.42M | $28.46M | $5.12M | $-16.75M | $12.23M | $28.09M |
| Operating margin | 15.3% | -10.0% | 11.3% | 1.7% | -4.5% | 2.7% | 3.8% |
| EBITDA | $27.63M | $-18.15M | $31.95M | $10.26M | $-6.82M | $24.41M | $113.63M |
| EBITDA margin | 16.4% | -8.9% | 12.7% | 3.4% | -1.9% | 5.4% | 15.5% |
| EBIT | $25.61M | $-20.42M | $28.46M | $5.12M | $-16.75M | $12.23M | $28.09M |
| Interest expense | $17.81M | $22.91M | $25.68M | $1.14M | $6.40M | $4.33M | $45.66M |
| Income tax | $73000.00 | $902000.00 | $487000.00 | $1.36M | $217000.00 | $-457.65M | $-9.42M |
| Effective tax rate | 0.9% | -2.1% | -6.3% | -20.6% | -1.0% | 1375.6% | 19.5% |
| Net income | $7.73M | $-44.23M | $-8.21M | $-7.97M | $-21.63M | $424.38M | $-38.81M |
| Net income growth (YoY) | — | -672.0% | +81.4% | +3.0% | -171.5% | +2062.3% | -109.1% |
| Profit margin | 4.6% | -21.8% | -3.3% | -2.6% | -5.9% | 93.9% | -5.3% |