Clearwater Analytics (CWAN) Financials

$23.37 +0.26 (+1.14%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$23.25 -0.12 (-0.53%)

As of 08:14 AM Eastern

Annual Income Statements for Clearwater Analytics

This table shows Clearwater Analytics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	7.73	-44	-8.21	-7.97	-22	424
Consolidated Net Income / (Loss)	7.73	-44	-8.09	-6.70	-23	428
Net Income / (Loss) Continuing Operations	7.73	-44	-8.09	-6.70	-23	428
Total Pre-Tax Income	7.81	-43	-7.61	-5.34	-23	-30
Total Operating Income	26	-20	28	5.12	-17	12
Total Gross Profit	121	150	184	216	261	329
Total Revenue	168	203	252	303	368	452
Operating Revenue	168	203	252	303	368	452
Total Cost of Revenue	47	53	68	88	107	123
Operating Cost of Revenue	47	53	68	88	107	123
Total Operating Expenses	95	170	156	211	278	317
Selling, General & Admin Expense	37	44	44	64	93	99
Marketing Expense	19	22	39	53	60	67
Research & Development Expense	39	55	73	94	124	151
Total Other Income / (Expense), net	-18	-23	-36	-10	-6.12	-42
Interest & Investment Income	-	-	-	1.14	6.40	8.62
Other Income / (Expense), net	-0.09	-0.06	-0.08	-12	-13	-51
Income Tax Expense	0.07	0.90	0.49	1.36	0.22	-458
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.12	1.27	-1.46	3.21
Basic Earnings per Share	$0.00	$0.00	($0.05)	($0.04)	($0.11)	$1.93
Weighted Average Basic Shares Outstanding	0.00	0.00	177.68M	185.56M	199.69M	219.32M
Diluted Earnings per Share	$0.00	$0.00	($0.05)	($0.04)	($0.11)	$1.68
Weighted Average Diluted Shares Outstanding	0.00	0.00	177.68M	185.56M	199.69M	254.36M
Weighted Average Basic & Diluted Shares Outstanding	-	-	236.95M	241.11M	244.70M	251.02M

This table shows Clearwater Analytics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-2.97	-2.96	-4.38	-11	-1.89	-4.43	1.90	-0.43	3.63	419
Consolidated Net Income / (Loss)	-3.03	-1.97	-5.42	-12	-2.34	-3.45	2.24	0.28	4.77	420
Net Income / (Loss) Continuing Operations	-3.03	-1.97	-5.42	-12	-2.34	-3.45	2.24	0.28	4.77	420
Total Pre-Tax Income	-2.60	-1.57	-5.15	-12	-2.62	-3.05	2.14	0.36	4.28	-37
Total Operating Income	-1.16	3.88	-6.32	-7.13	-5.89	2.59	-0.17	3.84	7.34	1.22
Total Gross Profit	54	60	60	63	68	71	75	77	84	93
Total Revenue	77	83	85	90	95	99	103	107	116	126
Operating Revenue	77	83	85	90	95	99	103	107	116	126
Total Cost of Revenue	23	23	25	27	27	28	28	30	31	34
Operating Cost of Revenue	23	23	25	27	27	28	28	30	31	34
Total Operating Expenses	55	56	66	70	74	68	75	73	77	92
Selling, General & Admin Expense	16	17	23	26	26	18	21	23	23	33
Marketing Expense	13	14	15	14	15	16	16	15	18	18
Research & Development Expense	25	25	28	30	32	34	38	35	37	41
Total Other Income / (Expense), net	-1.44	-5.44	1.17	-4.93	3.27	-5.64	2.30	-3.49	-3.06	-38
Other Income / (Expense), net	-2.13	-6.72	-0.19	-6.26	1.54	-7.62	0.24	-5.33	-5.35	-40
Income Tax Expense	0.42	0.40	0.26	-0.17	-0.27	0.40	-0.10	0.08	-0.49	-457
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.05	1.00	-1.03	-0.96	-0.45	0.99	0.34	0.71	1.14	1.02
Basic Earnings per Share	($0.02)	($0.01)	($0.02)	($0.06)	($0.01)	($0.02)	$0.01	$0.00	$0.02	$1.90
Weighted Average Basic Shares Outstanding	187.82M	185.56M	192.99M	198.05M	201.58M	199.69M	213.26M	218.35M	219.01M	219.32M
Diluted Earnings per Share	($0.02)	($0.01)	($0.02)	($0.06)	($0.01)	($0.02)	$0.01	$0.00	$0.02	$1.65
Weighted Average Diluted Shares Outstanding	187.82M	185.56M	192.99M	198.05M	201.58M	199.69M	255.46M	218.35M	231.47M	254.36M
Weighted Average Basic & Diluted Shares Outstanding	238.34M	241.11M	241.35M	241.92M	243.86M	244.70M	245.72M	246.32M	247.02M	251.02M

This table details how cash moves in and out of Clearwater Analytics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	4.40	41	194	-3.87	-29	-44
Net Cash From Operating Activities	-230	-6.49	3.36	58	85	74
Net Cash From Continuing Operating Activities	20	-6.49	3.36	58	85	74
Net Income / (Loss) Continuing Operations	7.73	-44	-8.09	-6.70	-23	428
Consolidated Net Income / (Loss)	-	-44	-8.09	-6.70	-23	428
Depreciation Expense	2.02	2.27	3.49	5.14	9.93	12
Amortization Expense	3.07	4.85	4.93	4.61	3.57	3.36
Non-Cash Adjustments To Reconcile Net Income	6.23	25	47	72	112	112
Changes in Operating Assets and Liabilities, net	0.92	6.03	-44	-17	-18	-481
Net Cash From Investing Activities	-3.37	-3.81	-5.03	-77	-95	-56
Net Cash From Continuing Investing Activities	-3.37	-3.81	-5.03	-77	-95	-56
Purchase of Property, Plant & Equipment	-3.37	-3.81	-5.03	-7.76	-5.62	-5.26
Acquisitions	-	0.00	0.00	-66	0.00	-40
Purchase of Investments	-	0.00	0.00	-3.00	-127	-118
Sale and/or Maturity of Investments	-	-	0.00	0.00	38	107
Other Investing Activities, net	-	-	-	0.00	0.00	-0.10
Net Cash From Financing Activities	238	51	195	16	-19	-62
Net Cash From Continuing Financing Activities	238	71	195	16	-19	-62
Repayment of Debt	-3.10	-27	-438	-2.75	-2.75	-2.75
Repurchase of Common Equity	-3.78	-0.57	-5.76	-0.21	0.00	0.00
Payment of Dividends	0.00	-163	0.00	-0.12	-2.18	-3.87
Issuance of Common Equity	137	0.00	584	4.22	4.59	4.69
Other Financing Activities, net	2.59	59	0.65	15	-19	-60
Effect of Exchange Rate Changes	-	0.09	-0.11	-1.56	0.79	-1.42
Cash Interest Paid	12	22	26	1.40	3.45	3.46
Cash Income Taxes Paid	0.07	0.43	0.80	2.04	2.43	1.98

This table details how cash moves in and out of Clearwater Analytics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	9.88	-38	-30	-31	15	16	-32	0.45	39	-51
Net Cash From Operating Activities	15	18	7.94	21	31	24	10	44	50	-29
Net Cash From Continuing Operating Activities	15	18	7.94	21	31	24	10	44	50	-29
Net Income / (Loss) Continuing Operations	-3.03	-1.97	-5.42	-12	-2.34	-3.45	2.24	0.28	4.77	420
Consolidated Net Income / (Loss)	-3.03	-1.97	-5.42	-12	-2.34	-3.45	2.24	0.28	4.77	420
Depreciation Expense	1.38	1.64	2.45	2.41	2.48	2.59	2.55	2.94	3.24	3.45
Amortization Expense	1.23	1.18	1.27	0.82	0.78	0.70	0.71	0.66	0.67	1.31
Non-Cash Adjustments To Reconcile Net Income	19	18	25	30	32	24	26	27	28	30
Changes in Operating Assets and Liabilities, net	-3.49	-0.34	-15	-0.71	-1.73	-0.02	-22	13	13	-485
Net Cash From Investing Activities	-1.91	-68	-33	-53	-9.83	0.56	-12	-42	-1.04	-0.88
Net Cash From Continuing Investing Activities	-1.91	-68	-33	-53	-9.83	0.56	-12	-42	-1.04	-0.88
Purchase of Property, Plant & Equipment	-1.91	-1.88	-1.72	-1.58	-0.77	-1.56	-1.44	-1.51	-1.49	-0.82
Purchase of Investments	-	-	-34	-58	-19	-16	-32	-39	-27	-21
Sale and/or Maturity of Investments	-	-	3.23	5.96	10	18	22	38	27	21
Net Cash From Financing Activities	-1.73	11	-5.27	1.22	-5.88	-9.37	-30	-1.51	-11	-19
Net Cash From Continuing Financing Activities	-1.73	11	-5.27	1.22	-5.88	-9.37	-30	-1.51	-11	-19
Repayment of Debt	-0.69	-0.69	-0.69	-0.69	-0.69	-0.69	-0.69	-0.00	-1.37	-0.69
Payment of Dividends	-	-0.10	0.00	-	-0.04	-2.15	-0.01	-	-0.02	-3.85
Issuance of Common Equity	-	1.81	-	-	-	1.99	-	-	-	1.90
Other Financing Activities, net	-1.02	9.73	-4.58	-0.69	-5.15	-8.52	-29	-4.30	-9.48	-17
Effect of Exchange Rate Changes	-1.16	0.95	0.10	0.15	-0.28	0.81	-0.21	-0.04	0.96	-2.13
Cash Interest Paid	0.15	0.63	1.35	0.87	0.31	0.92	0.91	0.85	0.87	0.84
Cash Income Taxes Paid	0.94	0.62	0.31	0.76	0.42	0.95	0.45	0.15	0.59	0.80

This table presents Clearwater Analytics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	116	344	482	559	1,170
Total Current Assets	102	321	356	416	385
Cash & Equivalents	61	255	251	222	177
Short-Term Investments	-	0.00	4.89	74	78
Accounts Receivable	33	50	73	92	106
Prepaid Expenses	7.55	17	28	28	23
Plant, Property, & Equipment, net	8.85	11	15	15	15
Total Noncurrent Assets	5.19	12	111	127	770
Long-Term Investments	-	-	0.00	21	30
Goodwill	-	0.00	44	45	71
Intangible Assets	-	0.00	29	26	31
Noncurrent Deferred & Refundable Income Taxes	-	-	-	1.34	603
Other Noncurrent Operating Assets	4.77	11	37	33	35
Other Noncurrent Nonoperating Assets	0.42	0.92	0.73	0.53	0.34
Total Liabilities & Shareholders' Equity	116	344	482	559	1,170
Total Liabilities	460	82	144	149	139
Total Current Liabilities	38	31	66	81	77
Short-Term Debt	3.08	2.75	2.75	2.75	2.75
Accounts Payable	1.34	1.42	3.09	3.06	2.93
Accrued Expenses	34	27	42	50	63
Current Deferred & Payable Income Tax Liabilities	-	0.00	12	19	0.04
Other Current Liabilities	-	0.00	5.85	6.55	8.35
Total Noncurrent Liabilities	422	51	78	68	62
Long-Term Debt	422	51	48	46	43
Other Noncurrent Operating Liabilities	0.13	0.13	29	22	19
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-345	262	338	410	1,030
Total Preferred & Common Equity	-345	197	270	354	1,008
Total Common Equity	-345	197	270	354	1,008
Common Stock	-99	389	456	533	725
Retained Earnings	-246	-192	-187	-181	284
Accumulated Other Comprehensive Income / (Loss)	0.06	-0.03	0.61	2.91	-1.11
Noncontrolling Interest	0.00	65	69	55	22

This table presents Clearwater Analytics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	420	491	512	536	548	585	623
Total Current Assets	373	349	365	401	396	383	431
Cash & Equivalents	289	221	190	206	190	190	229
Short-Term Investments	3.00	19	63	80	78	68	77
Accounts Receivable	65	79	83	92	97	97	100
Prepaid Expenses	16	30	29	24	31	28	25
Plant, Property, & Equipment, net	14	15	15	15	15	15	15
Total Noncurrent Assets	33	127	131	119	137	187	177
Long-Term Investments	-	17	24	18	29	40	31
Goodwill	-	44	44	43	44	72	74
Intangible Assets	-	29	28	26	25	35	34
Other Noncurrent Operating Assets	32	38	35	33	39	41	38
Total Liabilities & Shareholders' Equity	420	491	512	536	548	585	623
Total Liabilities	109	138	141	144	142	156	170
Total Current Liabilities	36	59	58	63	71	80	92
Short-Term Debt	2.75	2.75	2.75	2.75	2.75	2.75	2.75
Accounts Payable	1.71	2.66	2.84	2.85	2.72	2.96	4.24
Accrued Expenses	26	35	34	41	41	50	61
Current Deferred & Payable Income Tax Liabilities	-	12	12	10	17	17	17
Other Current Liabilities	5.34	6.45	6.45	6.40	7.65	7.70	7.81
Total Noncurrent Liabilities	74	79	83	81	71	76	77
Long-Term Debt	49	48	47	46	45	45	44
Noncurrent Deferred & Payable Income Tax Liabilities	5.70	-	7.00	8.20	0.30	6.50	12
Other Noncurrent Operating Liabilities	19	31	29	26	25	25	22
Total Equity & Noncontrolling Interests	310	353	371	391	406	429	454
Total Preferred & Common Equity	246	289	308	326	361	381	403
Total Common Equity	246	289	308	326	361	381	403
Common Stock	433	471	496	517	529	550	565
Retained Earnings	-185	-183	-189	-191	-170	-170	-166
Accumulated Other Comprehensive Income / (Loss)	-1.88	1.74	1.47	-0.50	1.31	0.83	4.63
Noncontrolling Interest	64	64	63	66	46	48	50

This table displays calculated financial ratios and metrics derived from Clearwater Analytics' official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	20.96%	24.01%	20.40%	21.34%	22.72%
EBITDA Growth	0.00%	-143.51%	375.52%	-91.11%	-581.79%	-46.76%
EBIT Growth	0.00%	-179.94%	238.61%	-122.81%	-352.21%	-32.18%
NOPAT Growth	0.00%	-156.14%	239.39%	-82.02%	-427.24%	173.06%
Net Income Growth	0.00%	-672.04%	81.70%	17.28%	-244.78%	1,952.38%
EPS Growth	0.00%	0.00%	0.00%	20.00%	-175.00%	1,627.27%
Operating Cash Flow Growth	0.00%	97.18%	151.77%	1,627.37%	45.85%	-12.15%
Free Cash Flow Firm Growth	0.00%	0.00%	34.87%	-222.34%	73.48%	-3,382.36%
Invested Capital Growth	0.00%	0.00%	220.72%	121.20%	5.03%	464.36%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	4.45%	4.64%	6.47%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-46.75%	-12.15%	-340.32%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-107.17%	-8.06%	-771.26%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	169.88%	-8.31%	-38.77%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-45.73%	-6.85%	11,052.45%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-33.33%	-10.00%	16,700.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	108.08%	10.98%	7.55%	-41.76%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	76.62%	-5,405.86%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	90.76%	1.55%	383.24%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	71.94%	73.79%	73.07%	71.07%	70.90%	72.78%
EBITDA Margin	18.27%	-6.57%	14.60%	1.08%	-4.28%	-5.12%
Operating Margin	15.30%	-10.05%	11.29%	1.69%	-4.55%	2.71%
EBIT Margin	15.25%	-10.07%	11.26%	-2.13%	-7.95%	-8.56%
Profit (Net Income) Margin	4.60%	-21.76%	-3.21%	-2.21%	-6.27%	94.64%
Tax Burden Percent	99.06%	102.08%	106.40%	125.49%	100.95%	-1,422.30%
Interest Burden Percent	30.47%	211.62%	-26.81%	82.43%	78.13%	77.71%
Effective Tax Rate	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-152.15%	50.41%	3.70%	-8.58%	1.84%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-168.62%	15.77%	8.76%	-3.79%	-162.52%
Return on Net Nonoperating Assets (RNNOA)	0.00%	177.82%	-30.84%	-5.93%	2.41%	57.55%
Return on Equity (ROE)	0.00%	25.67%	19.56%	-2.23%	-6.17%	59.39%
Cash Return on Invested Capital (CROIC)	0.00%	-352.15%	-54.51%	-71.77%	-13.48%	-137.95%
Operating Return on Assets (OROA)	0.00%	-17.72%	12.34%	-1.57%	-5.62%	-4.48%
Return on Assets (ROA)	0.00%	-38.27%	-3.52%	-1.62%	-4.44%	49.48%
Return on Common Equity (ROCE)	0.00%	25.67%	34.94%	-1.73%	-5.15%	56.20%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.83%	-4.11%	-2.48%	-6.51%	42.41%
Net Operating Profit after Tax (NOPAT)	25	-14	20	3.58	-12	8.56
NOPAT Margin	15.15%	-7.03%	7.91%	1.18%	-3.18%	1.90%
Net Nonoperating Expense Percent (NNEP)	0.00%	16.48%	34.63%	-5.05%	-4.79%	164.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.92%	-2.56%	0.80%
Cost of Revenue to Revenue	28.06%	26.21%	26.93%	28.93%	29.10%	27.22%
SG&A Expenses to Revenue	21.91%	21.59%	17.44%	21.02%	25.39%	21.86%
R&D to Revenue	23.38%	27.19%	28.84%	31.02%	33.66%	33.32%
Operating Expenses to Revenue	56.64%	83.84%	61.78%	69.38%	75.45%	70.07%
Earnings before Interest and Taxes (EBIT)	26	-20	28	-6.47	-29	-39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	31	-13	37	3.27	-16	-23
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	27.55	16.58	13.79	6.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	27.55	22.77	17.27	7.50
Price to Revenue (P/Rev)	3.21	2.66	21.52	14.73	13.27	15.05
Price to Earnings (P/E)	69.84	0.00	0.00	0.00	0.00	16.02
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.43%	0.00%	0.00%	0.00%	0.00%	6.24%
Enterprise Value to Invested Capital (EV/IC)	0.00	48.11	87.74	32.51	33.37	8.33
Enterprise Value to Revenue (EV/Rev)	0.00	4.45	20.98	14.28	12.69	14.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	143.67	1,323.99	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	186.31	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	265.38	1,209.81	0.00	768.38
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	1,574.48	74.71	55.21	88.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	-1.23	0.21	0.15	0.12	0.04
Long-Term Debt to Equity	0.00	-1.22	0.20	0.14	0.11	0.04
Financial Leverage	0.00	-1.05	-1.96	-0.68	-0.63	-0.35
Leverage Ratio	0.00	-0.34	-5.56	1.38	1.39	1.20
Compound Leverage Factor	0.00	-0.71	1.49	1.13	1.09	0.93
Debt to Total Capital	0.00%	529.17%	17.07%	13.15%	10.60%	4.27%
Short-Term Debt to Total Capital	0.00%	3.83%	0.87%	0.71%	0.60%	0.26%
Long-Term Debt to Total Capital	0.00%	525.34%	16.20%	12.45%	10.00%	4.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	20.58%	17.67%	12.07%	2.04%
Common Equity to Total Capital	0.00%	-429.17%	62.34%	69.17%	77.32%	93.69%
Debt to EBITDA	0.00	-31.81	1.46	15.66	-3.08	-1.98
Net Debt to EBITDA	0.00	-27.24	-5.45	-62.44	17.07	10.36
Long-Term Debt to EBITDA	0.00	-31.58	1.39	14.82	-2.91	-1.87
Debt to NOPAT	0.00	-29.73	2.71	14.31	-4.14	5.36
Net Debt to NOPAT	0.00	-25.45	-10.07	-57.06	22.96	-28.01
Long-Term Debt to NOPAT	0.00	-29.51	2.57	13.54	-3.91	5.04
Altman Z-Score	0.00	-0.44	40.68	19.44	20.41	30.21
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-78.56%	22.30%	16.60%	5.37%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	2.66	10.30	5.40	5.15	4.99
Quick Ratio	0.00	2.46	9.77	4.97	4.81	4.69
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-33	-22	-69	-18	-641
Operating Cash Flow to CapEx	-6,821.74%	-170.42%	66.83%	747.68%	1,504.30%	1,413.22%
Free Cash Flow to Firm to Interest Expense	0.00	-1.45	-0.60	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-12.92	-0.28	0.09	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-13.11	-0.45	-0.05	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	1.76	1.10	0.73	0.71	0.52
Accounts Receivable Turnover	0.00	6.18	6.07	4.94	4.47	4.56
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	22.97	25.73	23.52	24.21	29.97
Accounts Payable Turnover	0.00	39.75	49.25	38.95	34.82	41.02
Days Sales Outstanding (DSO)	0.00	59.06	60.16	73.84	81.62	80.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	9.18	7.41	9.37	10.48	8.90
Cash Conversion Cycle (CCC)	0.00	49.88	52.74	64.47	71.14	71.18
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	19	60	133	140	790
Invested Capital Turnover	0.00	21.63	6.38	3.14	2.69	0.97
Increase / (Decrease) in Invested Capital	0.00	19	41	73	6.70	650
Enterprise Value (EV)	0.00	904	5,287	4,333	4,671	6,580
Market Capitalization	540	540	5,423	4,469	4,884	6,798
Book Value per Share	$0.00	($11.49)	$0.83	$1.13	$1.45	$4.08
Tangible Book Value per Share	$0.00	($11.49)	$0.83	$0.82	$1.16	$3.67
Total Capital	0.00	80	316	390	458	1,076
Total Debt	0.00	425	54	51	49	46
Total Long-Term Debt	0.00	422	51	48	46	43
Net Debt	0.00	364	-201	-204	-269	-240
Capital Expenditures (CapEx)	3.37	3.81	5.03	7.76	5.62	5.26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	5.30	38	37	42	55
Debt-free Net Working Capital (DFNWC)	0.00	66	293	293	338	310
Net Working Capital (NWC)	0.00	63	290	290	335	308
Net Nonoperating Expense (NNE)	18	30	28	10	11	-419
Net Nonoperating Obligations (NNO)	0.00	363	-202	-205	-270	-240
Total Depreciation and Amortization (D&A)	5.09	7.12	8.42	9.75	13	16
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	2.61%	15.19%	12.35%	11.34%	12.14%
Debt-free Net Working Capital to Revenue	0.00%	32.67%	116.22%	96.59%	91.79%	68.69%
Net Working Capital to Revenue	0.00%	31.16%	115.12%	95.69%	91.05%	68.08%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.05)	($0.04)	($0.11)	$1.93
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	177.68M	185.56M	199.69M	219.32M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.05)	($0.04)	($0.11)	$1.68
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	236.21M	185.56M	199.69M	254.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.05)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	236.95M	241.11M	244.70M	251.02M
Normalized Net Operating Profit after Tax (NOPAT)	25	-14	20	3.58	-12	8.56
Normalized NOPAT Margin	15.15%	-7.03%	7.91%	1.18%	-3.18%	1.90%
Pre Tax Income Margin	4.65%	-21.32%	-3.02%	-1.76%	-6.21%	-6.65%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	1.44	-0.90	0.79	0.00	0.00	0.00
NOPAT to Interest Expense	1.43	-0.63	0.55	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.25	-1.06	0.65	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.24	-0.79	0.41	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-369.11%	0.00%	-1.75%	-9.46%	0.91%
Augmented Payout Ratio	48.89%	-370.39%	-71.13%	-4.94%	-9.46%	0.91%

This table displays calculated financial ratios and metrics derived from Clearwater Analytics' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.71%	18.53%	19.54%	22.44%	23.66%	19.75%	21.41%	18.82%	22.36%	27.72%
EBITDA Growth	-107.18%	-100.95%	-187.51%	-1,367.04%	-59.30%	-6,325.93%	219.76%	120.88%	638.87%	-1,888.93%
EBIT Growth	-144.57%	-661.66%	-645.14%	-775.28%	-32.02%	-76.81%	101.20%	88.90%	145.82%	-681.47%
NOPAT Growth	-111.48%	492.51%	-601.39%	-732.21%	-405.76%	-33.16%	96.08%	159.92%	298.27%	-52.97%
Net Income Growth	73.52%	-1,567.91%	-1,125.95%	-432.56%	22.57%	-75.24%	141.28%	102.32%	303.54%	12,293.33%
EPS Growth	60.00%	0.00%	0.00%	-500.00%	50.00%	-100.00%	150.00%	100.00%	300.00%	8,350.00%
Operating Cash Flow Growth	101.29%	46.24%	14.73%	15.81%	114.12%	32.71%	26.49%	107.82%	57.66%	-221.17%
Free Cash Flow Firm Growth	54.81%	0.00%	-10.64%	-14.48%	-264.27%	93.05%	86.60%	57.71%	75.77%	-13,186.50%
Invested Capital Growth	37.29%	121.20%	103.18%	105.98%	97.28%	5.03%	7.09%	25.33%	18.60%	464.36%
Revenue Q/Q Growth	4.28%	8.01%	2.32%	6.23%	5.32%	4.60%	3.74%	3.96%	8.46%	9.18%
EBITDA Q/Q Growth	-185.89%	96.08%	-10,229.63%	-263.89%	89.20%	-58.30%	292.51%	-36.56%	178.72%	-684.29%
EBIT Q/Q Growth	-115.50%	13.75%	-129.03%	-105.61%	67.50%	-15.52%	101.55%	-2,005.13%	234.12%	-2,070.35%
NOPAT Q/Q Growth	-203.28%	432.90%	-263.17%	-12.68%	17.38%	144.00%	-109.58%	1,821.44%	173.40%	-89.57%
Net Income Q/Q Growth	-35.70%	35.00%	-175.39%	-119.24%	80.27%	-47.12%	164.87%	-87.66%	1,627.90%	8,713.25%
EPS Q/Q Growth	-100.00%	50.00%	-100.00%	-200.00%	83.33%	-100.00%	150.00%	-100.00%	0.00%	8,150.00%
Operating Cash Flow Q/Q Growth	-19.57%	23.69%	-56.30%	166.38%	48.71%	-23.34%	-58.35%	337.64%	12.82%	-158.92%
Free Cash Flow Firm Q/Q Growth	71.12%	-255.29%	-12.61%	0.91%	8.12%	93.22%	-95.88%	-212.59%	47.36%	-3,616.95%
Invested Capital Q/Q Growth	0.79%	90.76%	10.45%	-3.00%	-3.47%	1.55%	12.20%	13.52%	-8.66%	383.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.32%	72.22%	70.66%	70.01%	71.46%	71.38%	72.57%	72.01%	72.93%	73.46%
EBITDA Margin	-0.90%	-0.03%	-3.30%	-11.29%	-1.16%	-1.75%	3.25%	1.98%	5.10%	-27.29%
Operating Margin	-1.52%	4.69%	-7.47%	-7.93%	-6.22%	2.62%	-0.16%	3.60%	6.34%	0.96%
EBIT Margin	-4.30%	-3.44%	-7.69%	-14.89%	-4.60%	-5.07%	0.08%	-1.39%	1.72%	-31.05%
Profit (Net Income) Margin	-3.95%	-2.38%	-6.40%	-13.21%	-2.48%	-3.48%	2.18%	0.26%	4.12%	332.35%
Tax Burden Percent	116.30%	125.61%	105.12%	98.56%	89.53%	113.16%	104.58%	77.75%	111.35%	-1,140.92%
Interest Burden Percent	78.97%	55.10%	79.17%	90.04%	60.16%	60.62%	2,741.03%	-23.89%	214.90%	93.81%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4.58%	22.25%	-11.35%	0.00%
Return on Invested Capital (ROIC)	-5.12%	10.29%	-15.11%	-17.46%	-14.75%	4.93%	-0.43%	7.01%	19.87%	0.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.10%	12.59%	-14.64%	-14.45%	-15.47%	7.15%	-1.49%	8.15%	21.12%	-163.87%
Return on Net Nonoperating Assets (RNNOA)	3.20%	-8.53%	9.59%	9.88%	10.89%	-4.54%	0.89%	-4.87%	-13.59%	58.03%
Return on Equity (ROE)	-1.92%	1.76%	-5.52%	-7.58%	-3.86%	0.40%	0.46%	2.14%	6.28%	58.68%
Cash Return on Invested Capital (CROIC)	0.00%	-71.77%	-69.65%	-76.36%	-75.87%	-13.48%	-11.71%	-22.32%	-7.73%	-137.95%
Operating Return on Assets (OROA)	-3.35%	-2.52%	-5.59%	-10.89%	-3.39%	-3.59%	0.06%	-1.02%	1.26%	-16.23%
Return on Assets (ROA)	-3.08%	-1.75%	-4.65%	-9.67%	-1.82%	-2.46%	1.62%	0.19%	3.02%	173.76%
Return on Common Equity (ROCE)	-1.49%	1.37%	-4.42%	-6.16%	-3.15%	0.33%	0.40%	1.85%	5.42%	55.53%
Return on Equity Simple (ROE_SIMPLE)	-1.86%	0.00%	-4.37%	-7.24%	-6.63%	0.00%	-4.28%	-0.86%	0.95%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.81	2.71	-4.43	-4.99	-4.12	1.81	-0.17	2.99	8.17	0.85
NOPAT Margin	-1.06%	3.28%	-5.23%	-5.55%	-4.35%	1.83%	-0.17%	2.80%	7.05%	0.67%
Net Nonoperating Expense Percent (NNEP)	-1.02%	-2.30%	-0.47%	-3.01%	0.72%	-2.22%	1.06%	-1.14%	-1.25%	164.53%
Return On Investment Capital (ROIC_SIMPLE)	-	0.70%	-	-	-	0.40%	-	-	-	0.08%
Cost of Revenue to Revenue	29.68%	27.78%	29.34%	29.99%	28.54%	28.62%	27.43%	27.99%	27.07%	26.54%
SG&A Expenses to Revenue	21.39%	20.44%	27.55%	28.78%	27.75%	18.23%	20.17%	21.10%	19.53%	26.01%
R&D to Revenue	33.23%	29.69%	33.21%	33.21%	34.07%	34.06%	36.68%	33.11%	31.61%	32.34%
Operating Expenses to Revenue	71.84%	67.53%	78.13%	77.94%	77.68%	68.77%	72.73%	68.41%	66.59%	72.50%
Earnings before Interest and Taxes (EBIT)	-3.30	-2.84	-6.51	-13	-4.35	-5.03	0.08	-1.49	1.99	-39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.69	-0.03	-2.79	-10	-1.10	-1.74	3.34	2.12	5.91	-35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.21	16.58	13.31	12.43	14.37	13.79	12.00	11.96	15.42	6.74
Price to Tangible Book Value (P/TBV)	16.21	22.77	17.79	16.18	18.20	17.27	14.83	16.62	21.08	7.50
Price to Revenue (P/Rev)	13.75	14.73	12.13	11.48	13.30	13.27	11.21	11.29	14.66	15.05
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9,366.98	16.02
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	6.24%
Enterprise Value to Invested Capital (EV/IC)	54.63	32.51	25.18	25.66	32.58	33.37	26.17	24.30	36.58	8.33
Enterprise Value to Revenue (EV/Rev)	13.14	14.28	11.68	10.98	12.76	12.69	10.68	10.79	14.09	14.56
Enterprise Value to EBITDA (EV/EBITDA)	621.02	1,323.99	0.00	0.00	0.00	0.00	0.00	1,654.89	620.97	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	2,876.30	1,209.81	0.00	0.00	0.00	0.00	0.00	16,306.86	427.58	768.38
Enterprise Value to Operating Cash Flow (EV/OCF)	73.04	74.71	62.79	59.20	57.09	55.21	47.58	39.72	46.86	88.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.15	0.14	0.13	0.13	0.12	0.12	0.11	0.10	0.04
Long-Term Debt to Equity	0.16	0.14	0.14	0.13	0.12	0.11	0.11	0.11	0.10	0.04
Financial Leverage	-0.78	-0.68	-0.66	-0.68	-0.70	-0.63	-0.60	-0.60	-0.64	-0.35
Leverage Ratio	1.35	1.38	1.37	1.36	1.36	1.39	1.37	1.37	1.37	1.20
Compound Leverage Factor	1.07	0.76	1.08	1.23	0.82	0.84	37.50	-0.33	2.95	1.13
Debt to Total Capital	14.33%	13.15%	12.52%	11.87%	11.17%	10.60%	10.55%	10.06%	9.31%	4.27%
Short-Term Debt to Total Capital	0.76%	0.71%	0.68%	0.65%	0.62%	0.60%	0.61%	0.58%	0.55%	0.26%
Long-Term Debt to Total Capital	13.57%	12.45%	11.84%	11.21%	10.55%	10.00%	9.94%	9.48%	8.76%	4.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	17.65%	17.67%	15.95%	14.91%	14.93%	12.07%	10.03%	10.08%	10.07%	2.04%
Common Equity to Total Capital	68.02%	69.17%	71.53%	73.23%	73.89%	77.32%	79.42%	79.86%	80.62%	93.69%
Debt to EBITDA	8.44	15.66	-18.71	-3.66	-3.50	-3.08	-4.97	18.24	4.84	-1.98
Net Debt to EBITDA	-38.98	-62.44	76.30	16.69	18.03	17.07	25.78	-95.01	-30.13	10.36
Long-Term Debt to EBITDA	8.00	14.82	-17.69	-3.45	-3.31	-2.91	-4.68	17.19	4.55	-1.87
Debt to NOPAT	39.11	14.31	-29.08	-6.64	-4.55	-4.14	-6.46	179.73	3.33	5.36
Net Debt to NOPAT	-180.54	-57.06	118.57	30.33	23.43	22.96	33.54	-936.25	-20.75	-28.01
Long-Term Debt to NOPAT	37.04	13.54	-27.49	-6.27	-4.30	-3.91	-6.09	169.42	3.13	5.04
Altman Z-Score	22.90	19.47	17.53	17.07	20.37	20.55	19.33	18.34	22.94	30.20
Noncontrolling Interest Sharing Ratio	22.44%	22.30%	19.86%	18.77%	18.49%	16.60%	14.48%	13.86%	13.75%	5.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.50	5.40	5.87	6.29	6.35	5.15	5.59	4.78	4.66	4.99
Quick Ratio	10.04	4.97	5.37	5.79	5.97	4.81	5.14	4.44	4.40	4.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-20	-70	-79	-78	-72	-4.89	-11	-33	-17	-649
Operating Cash Flow to CapEx	767.78%	966.88%	462.14%	1,341.18%	4,087.52%	1,542.70%	697.98%	2,910.93%	3,325.97%	-3,552.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.73	0.73	0.73	0.74	0.71	0.74	0.74	0.73	0.52
Accounts Receivable Turnover	5.09	4.94	4.80	4.83	4.48	4.47	4.40	4.48	4.42	4.56
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	24.70	23.52	23.37	23.80	24.83	24.21	25.47	26.36	28.21	29.97
Accounts Payable Turnover	53.35	38.95	50.48	52.21	44.57	34.82	41.11	39.08	33.21	41.02
Days Sales Outstanding (DSO)	71.77	73.84	76.00	75.62	81.38	81.62	83.01	81.43	82.59	80.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.84	9.37	7.23	6.99	8.19	10.48	8.88	9.34	10.99	8.90
Cash Conversion Cycle (CCC)	64.93	64.47	68.76	68.63	73.19	71.14	74.13	72.09	71.60	71.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	70	133	147	143	138	140	158	179	163	790
Invested Capital Turnover	4.81	3.14	2.89	3.15	3.39	2.69	2.53	2.51	2.82	0.97
Increase / (Decrease) in Invested Capital	19	73	75	73	68	6.70	10	36	26	650
Enterprise Value (EV)	3,817	4,333	3,706	3,665	4,491	4,671	4,126	4,349	5,980	6,580
Market Capitalization	3,993	4,469	3,848	3,830	4,679	4,884	4,329	4,551	6,220	6,798
Book Value per Share	$1.04	$1.13	$1.20	$1.28	$1.35	$1.45	$1.47	$1.55	$1.64	$4.08
Tangible Book Value per Share	$1.04	$0.82	$0.90	$0.98	$1.06	$1.16	$1.19	$1.11	$1.20	$3.67
Total Capital	362	390	404	421	441	458	454	477	500	1,076
Total Debt	52	51	51	50	49	49	48	48	47	46
Total Long-Term Debt	49	48	48	47	46	46	45	45	44	43
Net Debt	-240	-204	-206	-228	-254	-269	-249	-250	-290	-240
Capital Expenditures (CapEx)	1.91	1.88	1.72	1.58	0.77	1.56	1.44	1.51	1.49	0.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	49	37	52	56	56	42	60	48	35	55
Debt-free Net Working Capital (DFNWC)	340	293	292	310	341	338	328	305	341	310
Net Working Capital (NWC)	338	290	290	307	338	335	325	303	338	308
Net Nonoperating Expense (NNE)	2.21	4.68	0.99	6.89	-1.78	5.26	-2.41	2.71	3.40	-419
Net Nonoperating Obligations (NNO)	-240	-205	-206	-228	-254	-270	-249	-250	-290	-240
Total Depreciation and Amortization (D&A)	2.61	2.82	3.72	3.23	3.25	3.29	3.26	3.61	3.91	4.76
Debt-free, Cash-free Net Working Capital to Revenue	16.81%	12.35%	16.47%	16.92%	15.81%	11.34%	15.56%	11.79%	8.33%	12.14%
Debt-free Net Working Capital to Revenue	117.16%	96.59%	92.14%	92.89%	96.88%	91.79%	84.83%	75.76%	80.40%	68.69%
Net Working Capital to Revenue	116.21%	95.69%	91.28%	92.07%	96.09%	91.05%	84.12%	75.08%	79.75%	68.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	($0.01)	($0.02)	($0.06)	($0.01)	($0.02)	$0.01	$0.00	$0.02	$1.90
Adjusted Weighted Average Basic Shares Outstanding	187.82M	185.56M	192.99M	198.05M	201.58M	199.69M	213.26M	218.35M	219.01M	219.32M
Adjusted Diluted Earnings per Share	($0.01)	($0.01)	($0.02)	($0.06)	($0.01)	($0.02)	$0.01	$0.00	$0.02	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	237.87M	185.56M	192.99M	198.05M	201.58M	199.69M	255.46M	218.35M	231.47M	254.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	238.34M	241.11M	241.35M	241.92M	243.86M	244.70M	245.72M	246.32M	247.02M	251.02M
Normalized Net Operating Profit after Tax (NOPAT)	-0.81	2.71	-4.43	-4.99	-4.12	1.81	-0.12	2.99	5.14	0.85
Normalized NOPAT Margin	-1.06%	3.28%	-5.23%	-5.55%	-4.35%	1.83%	-0.11%	2.80%	4.43%	0.67%
Pre Tax Income Margin	-3.40%	-1.89%	-6.09%	-13.41%	-2.76%	-3.08%	2.08%	0.33%	3.70%	-29.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.37%	-1.75%	0.00%	0.00%	-0.62%	-9.46%	-14.21%	-66.87%	56.70%	0.91%
Augmented Payout Ratio	-76.45%	-4.94%	0.00%	0.00%	-0.62%	-9.46%	-14.21%	-66.87%	56.70%	0.91%

Frequently Asked Questions About Clearwater Analytics' Financials

When does Clearwater Analytics's financial year end?

According to the most recent income statement we have on file, Clearwater Analytics' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Clearwater Analytics' net income changed over the last 5 years?

Clearwater Analytics' net income appears to be on an upward trend, with a most recent value of $427.59 million in 2024, rising from $7.73 million in 2019. The previous period was -$23.08 million in 2023.

What is Clearwater Analytics's operating income?

Clearwater Analytics's total operating income in 2024 was $12.23 million, based on the following breakdown:

Total Gross Profit: $328.82 million
Total Operating Expenses: $316.58 million

How has Clearwater Analytics revenue changed over the last 5 years?

Over the last 5 years, Clearwater Analytics' total revenue changed from $168.00 million in 2019 to $451.80 million in 2024, a change of 168.9%.

How much debt does Clearwater Analytics have?

Clearwater Analytics' total liabilities were at $139.34 million at the end of 2024, a 6.5% decrease from 2023, and a 69.7% decrease since 2020.

How much cash does Clearwater Analytics have?

In the past 4 years, Clearwater Analytics' cash and equivalents has ranged from $61.09 million in 2020 to $254.60 million in 2021, and is currently $177.35 million as of their latest financial filing in 2024.

How has Clearwater Analytics' book value per share changed over the last 5 years?

Over the last 5 years, Clearwater Analytics' book value per share changed from 0.00 in 2019 to 4.08 in 2024, a change of 408.2%.

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This page (NYSE:CWAN) was last updated on 4/16/2025 by MarketBeat.com Staff

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Clearwater Analytics (CWAN) Financials

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