How much cash does Clearwater Analytics generate?

Clearwater Analytics (CWAN) generated $169.1M in operating cash flow over the trailing twelve months.

What is Clearwater Analytics's free cash flow?

After $16.5M of capital expenditures, Clearwater Analytics's free cash flow was $152.5M over the trailing twelve months, up 24.9% year over year.

Where does Clearwater Analytics's cash flow 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 Cash Flow 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
Net income	-$49.99M-24.2%	-$40.25M-110%	$392.58M-3.7%	$407.86M-5.7%	$432.29M+1.1%
Depreciation and amortization	$111.95M+30.9%	$85.54M+43.8%	$59.5M+77.9%	$33.44M+162%	$12.78M+4.9%
Stock-based compensation	$132.76M+3.8%	$127.9M+4.1%	$122.87M+6.5%	$115.38M+12.4%	$102.69M-0.5%
Deferred income taxes	-$15.86M-25.8%	-$12.61M+97.3%	-$459.69M-0.3%	-$458.53M-0.2%	-$457.76M+0.5%
Amortization of debt issuance costs	$3.66M+31.9%	$2.77M+48.6%	$1.86M+95.0%	$956K+241%	$280K0.0%
Gain (loss) on sale of assets	——	——	——	——	-$49.5K+25.0%
Provision for credit losses	——	——	——	——	$0—
Change in accounts receivable	$8.35M-25.1%	$11.15M+5,502%	$199K+114%	-$1.42M-110%	$14.27M+4.5%
Change in accounts payable	——	——	——	——	——
Change in accrued liabilities	-$5.25M-123%	$22.45M+1,161%	$1.78M-83.6%	$10.83M-32.4%	$16.01M+36.9%
Change in other assets	——	——	——	$4.7M+165%	-$7.25M-28.8%
Change in other liabilities	$1.33M+188%	$463K+142%	-$1.09M-7.2%	-$1.02M—	——
Change in deferred policy acquisition costs	$20.05M+17.7%	$17.04M+47.7%	$11.54M+47.4%	$7.83M+42.6%	$5.49M-12.1%
Net cash from operating activities	$169.07M-3.9%	$175.9M—	——	——	——
Capital expenditures	$16.53M+43.0%	$11.55M+23.8%	$9.33M+37.9%	$6.77M+27.9%	$5.29M+0.6%
Proceeds from maturities/sales of investments	——	——	——	——	$89.48M—
Purchases of fixed maturity securities	——	——	——	——	——
Net cash from investing activities	-$1.09B-10.7%	-$988.46M+0.1%	-$989.33M-0.3%	-$986.26M-1,871%	$55.68M+200%
Repayments of debt	$170.38M+10.6%	$154.06M+11.8%	$137.75M+39.0%	$99.13M+3,503%	$2.75M0.0%
Taxes paid for net share settlement	$11.6M-65.6%	$33.75M-24.8%	$44.87M-13.0%	$51.56M+1.2%	$50.93M-7.9%
Payment of debt issuance costs	——	——	——	——	——
Net cash from financing activities	——	——	——	$771.54M+1,413%	-$58.77M+4.7%
Effect of exchange rate changes on cash	——	——	——	$1.09M+726%	-$174K+87.7%
Net increase (decrease) in cash	——	——	-$167.94M-38.0%	-$121.69M-243%	$85.06M+290%
Interest paid	$51.57M+65.6%	$31.14M+75.7%	$17.73M+413%	$3.46M-9.9%	$3.84M+10.7%
Income taxes paid	$4.06M+16.4%	$3.49M+77.3%	$1.97M-12.4%	$2.25M+6.0%	$2.12M+7.0%
Accretion (Amortization) of Discounts and Premiums, Investments	——	——	——	——	$1.9M-13.3%
Amortization of acquisition-related inventory step-up	$13.26M+15.4%	$11.49M+30.3%	$8.82M+48.1%	$5.96M+10.3%	$5.4M+2.5%
Amortization expense related to capitalized debt issuance costs	$3.66M+31.9%	$2.77M+48.6%	$1.86M+95.0%	$956K+241%	$280K0.0%
Accrued expenses and other liabilities	-$5.25M-123%	$22.45M+1,161%	$1.78M-83.6%	$10.83M-32.4%	$16.01M+36.9%
Increase (Decrease) in Deferred Policy Acquisition Costs	$20.05M+17.7%	$17.04M+47.7%	$11.54M+47.4%	$7.83M+42.6%	$5.49M-12.1%
Other long-term liabilities	$1.33M+188%	$463K+142%	-$1.09M-7.2%	-$1.02M—	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	$4.7M+165%	-$7.25M-28.8%
Tax receivable agreement liability	——	——	——	——	——
Noncash operating lease cost	$18.43M+10.5%	$16.68M+14.1%	$14.62M+25.0%	$11.69M+24.9%	$9.36M+1.6%
Accounts Receivable, Credit Loss Expense (Reversal)	——	——	——	——	$0—
Net realized gains (losses)	——	——	——	——	$147K+320%
Payments to Acquire Held-to-Maturity Securities	——	——	——	——	——
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$7.52M-68.3%	$23.72M-42.1%	$40.93M-39.8%	$67.95M-33.4%	$102.08M-5.0%
Sale of investments	——	——	——	——	$89.48M—
Payments Of Debt Issuance Costs	——	——	——	——	——
Repayments of Debt	$170.38M+10.6%	$154.06M+11.8%	$137.75M+39.0%	$99.13M+3,503%	$2.75M0.0%
Acquisition holdback liability included in accrued expenses and other liabilities	——	——	——	——	——
Acquisition of intangible assets paid in common stock	——	——	——	——	——
Accrued payables for capital expenditures	——	——	——	——	——
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations	——	——	——	$1.09M+726%	-$174K+87.7%
Tax distributions payable to Continuing Equity Owners included in accrued expenses	——	——	——	——	——
Income Taxes Paid, Net	$4.06M+16.4%	$3.49M+77.3%	$1.97M-12.4%	$2.25M+6.0%	$2.12M+7.0%
Free cash flow	$152.55M-7.2%	$164.34M—	——	——	——
Free cash flow	$152.55M-7.2%	$164.34M—	——	——	——

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Questions, answered.

How much cash does Clearwater Analytics generate?: Clearwater Analytics (CWAN) generated $169.1M in operating cash flow over the trailing twelve months.
What is Clearwater Analytics's free cash flow?: After $16.5M of capital expenditures, Clearwater Analytics's free cash flow was $152.5M over the trailing twelve months, up 24.9% year over year.
Where does Clearwater Analytics's cash flow 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.