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Clearwater Analytics CWAN Business Segments — Technology expense

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Other financials

Income statement

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Revenue$221.2M+74.4%
Gross profit$145.5M+56.6%
Operating income$9.0M+26.9%
Net income-$2.8M-143%
EPS (diluted)-$0.01-133%

Balance sheet

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Cash & equivalents$81.5M-71.2%
Total debt$860.8M+1,189%
Total equity$2.0B+83.7%
Total assets$3.0B+135%

Cash flow

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Operating cash flow$17.7M-27.9%
CapEx$6.4M+339%
Free cash flow$11.2M-51.2%

Valuation

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Market cap$7.22B+8.9%
Enterprise value$8B+25.4%
P/S8.8×-5.2×

Profitability

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Gross margin66%-7.0pp
Operating margin-0.7%-4.8pp
Net margin-5.9%-96.0pp
FCF margin18.5%

Returns & leverage

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Return on equity-3.1%-59.4pp
Debt / equity0.4×+0.4×
Current ratio2.3×-2.8×

Where this comes from

Reported directly by Clearwater Analytics in its filing.

Tagged under the XBRL concept cwan:TechnologyExpense.

The official record: Clearwater Analytics’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clearwater Analytics's business segments — technology expense?
Clearwater Analytics (CWAN) reported business segments — technology expense of $15.09M in Q1 2026.
How has Clearwater Analytics's business segments — technology expense changed year-over-year?
Clearwater Analytics's business segments — technology expense increased by 56.4% year-over-year, from $9.65M to $15.09M.
What is the long-term trend for Clearwater Analytics's business segments — technology expense?
Over 3 years (2022 to 2025), Clearwater Analytics's business segments — technology expense has grown at a 39.5% compound annual growth rate (CAGR), from $20.07M to $54.44M.
What does business segments — technology expense mean?
Captures the costs associated with maintaining the infrastructure, software, and hardware required to deliver the SaaS platform to customers. This metric is critical for assessing the operational efficiency and technical overhead required to support the company's digital service delivery model.