What is Clearwater Analytics's deferred revenue?

Clearwater Analytics (CWAN) reported deferred revenue of $28.03M in Q1 2026.

How has Clearwater Analytics's deferred revenue changed year-over-year?

Clearwater Analytics's deferred revenue increased by 209.3% year-over-year, from $9.06M to $28.03M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Clearwater Analytics CWAN Deferred Revenue

Deferred Revenue at other companies

SS&C TechnologiesSSNC

$509.9M+2.2%

SnowflakeSNOW

$2.85B+23.5%

MicroStrategyMSTR

$231.22M+7.2%

WAT

Waters CorporationWAT

$520M+52.9%

S&P GlobalSPGI

$3.98B+2.3%

MSCIMSCI

$1.18B+9.4%

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 us-gaap:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Clearwater Analytics (CWAN) reported deferred revenue of $28.03M in Q1 2026.
How has Clearwater Analytics's deferred revenue changed year-over-year?: Clearwater Analytics's deferred revenue increased by 209.3% year-over-year, from $9.06M to $28.03M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.