What are Clearwater Analytics's total assets?

Clearwater Analytics (CWAN) holds $3.0B in total assets, up 135.5% year over year.

How much debt does Clearwater Analytics have?

Clearwater Analytics carries $860.8M in total debt against $2.0B of shareholders' equity, a debt-to-equity ratio of 0.42.

How much cash does Clearwater Analytics have?

Clearwater Analytics holds $81.5M in cash and equivalents.

Can Clearwater Analytics cover its short-term obligations?

Its current ratio is 2.26 — current assets exceed current liabilities.

Where does Clearwater Analytics's balance sheet data come from?

Every line is extracted from Clearwater Analytics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Clearwater Analytics CWAN Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$81.51M-10.7%	$91.25M+42.2%	$64.15M-10.8%	$71.92M-74.6%	$282.85M-1.0%
Accounts receivable, net	$637.79M+10.0%	$579.61M+11.8%	$518.41M+11.2%	$466M+12.2%	$415.2M+3.7%
Prepaid expenses and other current assets	$151.61M+11.3%	$136.27M+11.4%	$122.3M+8.2%	$113.06M+9.8%	$102.98M-3.4%
Income taxes receivable	$1.69M+16.9%	$1.45M-7.5%	$1.57M—	——	——
Contract assets	$6.45M+40.4%	$4.59M+12.2%	$4.1M-6.7%	$4.39M-7.0%	$4.72M-6.5%
Total current assets	$294.24M-0.4%	$295.57M+17.8%	$250.81M-2.6%	$257.6M-39.0%	$422.06M+9.7%
Property and equipment, net	$30.45M+14.5%	$26.61M+1.3%	$26.26M+7.0%	$24.55M+66.5%	$14.75M-0.3%
Accumulated depreciation	$27.1M-3.6%	$28.1M-5.1%	$29.6M-28.7%	$41.5M+68.7%	$24.6M+7.4%
Operating lease right-of-use assets	6.6%-3,429,999,993%	3,430,000,000%+3,429,999,994%	6%-0.1%	6%-0.2%	6.3%-2,479,699,994%
Goodwill	$1.27B-0.1%	$1.27B+0.2%	$1.27B0.0%	$1.27B+1,645%	$72.63M+2.3%
Intangible assets, net	$660.65M-3.9%	$687.58M-3.7%	$714.12M-3.6%	$740.53M+418%	$142.87M+363%
Deferred tax assets	$3.76M+1.0%	$3.72M-99.4%	$605.46M-0.2%	$606.78M-0.4%	$608.92M-0.5%
Other non-current assets	$11.04M-15.2%	$13.02M+36.3%	$9.55M+20.5%	$7.93M+32.4%	$5.99M-14.7%
Equity method investments	$0—	$0—	$0—	$0—	$0-100%
Long-term investments	——	——	——	——	——
Total assets	$3.03B-0.2%	$3.03B+1.4%	$2.99B-1.0%	$3.02B+135%	$1.29B+9.9%
Accounts payable	$15.18M-2.6%	$15.6M+8.1%	$14.43M-6.0%	$15.36M+26.1%	$12.18M-5.3%
Accrued expenses	$15.81M+20.6%	$13.11M+0.9%	$12.98M-24.5%	$17.19M+75.7%	$9.79M-82.4%
Deferred revenue	$28.03M+28.2%	$21.86M+27.4%	$17.15M-17.6%	$20.81M+130%	$9.06M+23.6%
Current portion of long-term debt	$8M—	——	——	——	——
Operating lease liabilities, current	$14.21M-6.1%	$15.14M-2.6%	$15.54M+0.5%	$15.46M+80.1%	$8.58M+2.8%
Income taxes payable	$1.51M-3.2%	$1.56M-50.2%	$3.14M+388%	$643K+228%	$196K-51.4%
Accrued interest	$1.2M-89.3%	$11.27M-1.9%	$11.49M—	——	——
Total current liabilities	$130.47M-19.1%	$161.34M+26.4%	$127.62M0.0%	$127.65M+53.9%	$82.95M+7.7%
Long-term debt	$798.4M-2.0%	$814.64M-2.0%	$830.87M-4.7%	$872.1M+1,952%	$42.5M-1.5%
Operating lease liabilities, non-current	$40.23M+78.4%	$22.56M-20.7%	$28.45M-9.1%	$31.31M+99.2%	$15.72M-11.0%
Finance Lease Liabilities (Total)	——	——	——	——	——
Operating Lease Liabilities (Total)	$54.44M+44.4%	$37.69M-14.3%	$43.99M-6.0%	$46.77M+92.5%	$24.3M-6.5%
Finance lease liabilities	——	——	——	——	——
Asset retirement obligations	$261K-1.5%	$265K+55.0%	$171K-36.7%	$270K+63.6%	$165K+3.1%
Other non-current liabilities	$3.19M+39.1%	$2.3M+13.2%	$2.03M-7.5%	$2.19M+41.7%	$1.55M+5.3%
Total liabilities	$972.29M-2.9%	$1B+1.2%	$988.96M-4.3%	$1.03B+624%	$142.72M+2.4%
Additional paid-in capital	$1.78B+1.7%	$1.75B+2.4%	$1.71B+1.5%	$1.69B+104%	$827.39M+14.1%
Retained earnings	$261.56M+0.6%	$259.96M-0.4%	$261.01M-3.6%	$270.69M-5.4%	$286.21M+0.8%
Accumulated other comprehensive income (loss)	$2.78M-60.8%	$7.09M-4.8%	$7.45M-10.1%	$8.29M+319%	$1.98M+278%
Noncontrolling interests	$5.06M-45.9%	$9.36M-53.2%	$20M-1.9%	$20.39M-23.8%	$26.78M+21.8%
Total stockholders' equity	$2.05B+1.4%	$2.02B+2.0%	$1.98B+0.7%	$1.97B+76.3%	$1.12B+10.7%
Total liabilities and stockholders' equity	$3.03B-0.2%	$3.03B+1.4%	$2.99B-1.0%	$3.02B+135%	$1.29B+9.9%
Allowance for Doubtful Accounts	$1.9M+12.8%	$1.68M+10.3%	$1.53M+46.2%	$1.04M+90.5%	$548K+242%
Allowance for Doubtful Accounts Receivable (Current)	$1.9M+12.8%	$1.68M+10.3%	$1.53M+46.2%	$1.04M+90.5%	$548K+242%
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)	$81.51M-10.7%	$91.25M+50.2%	$60.75M-11.2%	$68.4M-75.1%	$275.16M+55.2%
Other current assets	$8.96M+63.6%	$5.48M+16.5%	$4.7M+9.1%	$4.31M+164%	$1.63M+47.6%
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)	$1.83M+74.0%	$1.05M-2.1%	$1.07M-39.1%	$1.76M+0.4%	$1.76M+17.6%
Other Receivables	$1.83M+74.0%	$1.05M-2.1%	$1.07M-39.1%	$1.76M+0.4%	$1.76M+17.6%
Contract Assets, Non-Current	$11.04M-15.2%	$13.02M+36.3%	$9.55M+20.5%	$7.93M+32.4%	$5.99M-14.7%
Deferred Tax Assets and Other Non-Current Assets	$4.82M-9.7%	$5.34M-22.4%	$6.88M+11.7%	$6.16M+106%	$2.99M-10.5%
Finite Lived Intangible Assets - Gross	$773.46M-0.1%	$774.21M0.0%	$774.24M0.0%	$774.1M+401%	$154.5M+280%
Net Investment in Lease	$51.64M+50.6%	$34.3M-14.9%	$40.32M-7.7%	$43.66M+88.8%	$23.12M-6.7%
Deferred tax assets	$702.3M+0.9%	$696M+3.6%	$671.8M—	——	——
Intangible assets — net	$660.65M-3.9%	$687.58M-3.7%	$714.12M-3.6%	$740.53M+418%	$142.87M+363%
Other intangible assets—net	$660.65M-3.9%	$687.58M-3.7%	$714.12M-3.6%	$740.53M+418%	$142.87M+363%
Investments	$0—	$0—	$0—	$0—	$0-100%
Operating lease right-of-use assets	$51.64M+50.6%	$34.3M-14.9%	$40.32M-7.7%	$43.66M+88.8%	$23.12M-6.7%
Other non-current assets	$4.82M-9.7%	$5.34M-22.4%	$6.88M+11.7%	$6.16M+106%	$2.99M-10.5%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$0—	$0-100%	$3.4M-3.4%	$3.52M-54.3%	$7.7M-90.2%
Operating Lease Right-of-Use Assets in Other Assets	$51.64M+50.6%	$34.3M-14.9%	$40.32M-7.7%	$43.66M+88.8%	$23.12M-6.7%
Software and Technology Licenses, Net	$4.82M-9.7%	$5.34M-22.4%	$6.88M+11.7%	$6.16M+106%	$2.99M-10.5%
Commissions and Contract Termination Costs	$3.91M-44.2%	$7M+68.7%	$4.15M+19.3%	$3.48M+178%	$1.25M-61.0%
Accrued Income Taxes, Current	$1.51M-3.2%	$1.56M-50.2%	$3.14M+388%	$643K+228%	$196K-51.4%
Notes Payable Current	$8M0.0%	$8M0.0%	$8M+33.3%	$6M+118%	$2.75M0.0%
Other accrued liabilities	$15.81M+20.6%	$13.11M+0.9%	$12.98M-24.5%	$17.19M+75.7%	$9.79M-4.4%
Lease Liability Payments - 2020 (Remaining Three Months)	——	——	——	——	——
Operating Lease Liability Payments - 2024 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2025 (Lessee)	——	——	——	——	——
Lease Liability Payments - Due Year Two	——	——	——	——	——
Lease Liability Payments - Due Year Three	——	——	——	——	——
Lease Liability Payments - Due Year Four	——	——	——	——	——
Lease Liability Payments - Remainder of Fiscal Year	——	——	——	——	——
Notes Payable	$8M0.0%	$8M0.0%	$8M+33.3%	$6M+118%	$2.75M0.0%
Operating Lease Liability Payments Due	——	——	——	——	——
Operating Lease Liability - Undiscounted Excess Amount	——	——	——	——	——
Professional Service Fees Payable	——	——	——	——	——
Debt Maturity - 2024	——	——	——	——	——
Debt Maturity - 2027	——	——	——	——	——
Debt Maturity - Thereafter	——	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	——	——	——	——	——
Operating Lease Liability Payments - 2026 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2027 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2028 (Lessee)	——	——	——	——	——
Accrued expenses and other liabilities	$78.61M-30.0%	$112.25M+34.3%	$83.61M+5.5%	$79.24M+30.9%	$60.51M+8.7%
Total debt	$860.84M+0.1%	$860.34M-2.6%	$882.85M-4.5%	$924.87M+1,285%	$66.8M-3.4%
Total Carrying Value of Debt	——	——	——	——	——
Common Stock Shares Outstanding	$103.65M-8.5%	$113.27M+61.5%	$70.14M-34.8%	$107.55M-32.9%	$160.35M-11.8%
Number of Exercisable Options	——	——	——	——	——
Share-Based Payment Award Options Outstanding - Number	7.2M-4.5%	7.5M-2.8%	7.8M-5.5%	8.2M-6.9%	8.8M-7.3%
Share-Based Payment - Unrecognized Cost of Nonvested Awards	——	——	——	——	——
Share Price	——	——	——	——	——
Share Repurchase Authorization Limit	——	——	——	——	——
Weighted Average Exercise Price of Outstanding Options	$9.27+1.8%	$9.11+1.1%	$9.01+1.9%	$8.84+2.7%	$8.61+2.3%
Accrued benefits	——	——	——	——	——
Accrued bonuses	$7.72M-76.1%	$32.24M+43.3%	$22.5M+39.2%	$16.17M+376%	$3.4M-78.8%
Accrued benefits and retirement	$27.33M+58.2%	$17.27M-3.5%	$17.9M+0.1%	$17.89M-0.5%	$17.99M+16.2%
Professional service fees	——	——	——	——	——
Accrued vendor liabilities	$11.41M-6.5%	$12.21M+7.2%	$11.39M+24.7%	$9.14M-48.8%	$17.86M+83.7%
Allowance for doubtful accounts	$1.9M+12.8%	$1.68M+10.3%	$1.53M+46.2%	$1.04M+90.5%	$548K+242%
Asset Retirement Obligation	$261K-1.5%	$265K+55.0%	$171K-36.7%	$270K+63.6%	$165K+3.1%
Retentions held by customers	$110.06M-2.8%	$113.25M+12.7%	$100.45M+8.5%	$92.55M+121%	$41.97M-30.0%
Cash, Adjusted Cost	$81.51M-10.7%	$91.25M+42.2%	$64.15M-10.8%	$71.92M-74.6%	$282.85M-1.0%
Cash and cash equivalents, end of period	$81.51M-10.7%	$91.25M+50.2%	$60.75M-11.2%	$68.4M-75.1%	$275.16M+55.2%
Unrealized Gains	$0—	$0—	$0—	$0—	$0-100%
Cash, Unrealized Loss	$0—	$0—	$0—	$0—	$0-100%
Contract assets	$638K-69.5%	$2.09M+52.9%	$1.37M-19.0%	$1.69M+30.9%	$1.29M-30.0%
Contract assets, non current	$100K-50.0%	$200K+100%	$100K-66.7%	$300K+50.0%	$200K-66.7%
Long-term debt, gross	——	——	——	——	——
Deferred Finance Costs Noncurrent Net	$3.27M-5.7%	$3.47M-5.5%	$3.67M—	——	——
Deferred income taxes	$726K-4.0%	$756K-30.7%	$1.09M-7.7%	$1.18M+72.1%	$687K-47.6%
Cost not yet recognized	——	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$112.81M+30.2%	$86.64M+44.1%	$60.12M+79.1%	$33.57M+189%	$11.63M+19.0%
Gross Carrying Amount	$773.46M-0.1%	$774.21M0.0%	$774.24M0.0%	$774.1M+401%	$154.5M+280%
Tax receivable within other current assets	$1.69M+16.9%	$1.45M-7.5%	$1.57M—	——	——
Indirect tax reserve	——	——	——	——	——
Lessee Operating Lease Liability Payments Due	——	——	——	——	——
Thereafter	——	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	——	——	——	——	——
Fair value of long-term debt	——	——	——	——	——
2028	——	——	——	——	——
2029	——	——	——	——	——
2029	——	——	——	——	——
2030	——	——	——	——	——
Thereafter	——	——	——	——	——
Remainder of 2026	——	——	——	——	——
2027 (first three months)	——	——	——	——	——
2027 (last nine months)	——	——	——	——	——
Long Term Notes Payable	$798.4M-2.0%	$814.64M-2.0%	$830.87M-4.7%	$872.1M+1,952%	$42.5M-1.5%
Noncontrolling interests in subsidiaries	$5.06M-45.9%	$9.36M-53.2%	$20M-1.9%	$20.39M-23.8%	$26.78M+21.8%
Long-Lived Assets	$82.09M+34.8%	$60.91M-8.5%	$66.58M—	——	——
Number of business activities	——	——	——	——	——
Number of common stock classes authorized	——	——	——	——	——
Operating Lease Weighted Average Discount Rate Percent	——	——	——	——	——
Prepaid expenses	$23.54M+5.5%	$22.32M+5.9%	$21.07M-9.4%	$23.26M+26.6%	$18.37M+43.1%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	——	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$7.21M-4.5%	$7.55M-2.8%	$7.76M-5.5%	$8.21M-6.9%	$8.82M-7.3%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.27+1.8%	$9.11+1.1%	$9.01+1.9%	$8.84+2.7%	$8.61+2.3%
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$103.65M-8.5%	$113.27M+61.5%	$70.14M-34.8%	$107.55M-32.9%	$160.35M-11.8%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	——	——	——	——	——
Share price (in dollars per share)	——	——	——	——	——
Share Repurchase Program, Authorized, Amount	——	——	——	——	——
Unbilled balances	$61.47M+10.2%	$55.78M+3.6%	$53.87M-4.7%	$56.51M-19.3%	$70.02M+51.2%
Unrecorded Unconditional Purchase Obligation	——	——	——	——	——
Remainder of Fiscal Year 2024	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation	——	——	——	——	——

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Questions, answered.

What are Clearwater Analytics's total assets?: Clearwater Analytics (CWAN) holds $3.0B in total assets, up 135.5% year over year.
How much debt does Clearwater Analytics have?: Clearwater Analytics carries $860.8M in total debt against $2.0B of shareholders' equity, a debt-to-equity ratio of 0.42.
How much cash does Clearwater Analytics have?: Clearwater Analytics holds $81.5M in cash and equivalents.
Can Clearwater Analytics cover its short-term obligations?: Its current ratio is 2.26 — current assets exceed current liabilities.
Where does Clearwater Analytics's balance sheet data come from?: Every line is extracted from Clearwater Analytics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.