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Clearwater Analytics CWAN EV / EBITDA

EV / EBITDA at other companies

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2.8×+1.3×
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5.3×+1.8×
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10.7×-2.5×
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16.3×-2.4×
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48.1×+23.5×
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16.9×-7.1×

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

Calculated from Clearwater Analytics’s reported figures.

enterprise value/ebitda=72.9×

Based on the most recent quarter.

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 EV / EBITDA?
Clearwater Analytics (CWAN) reported EV / EBITDA of 72.9× in Q1 2026.
How has Clearwater Analytics's EV / EBITDA changed year-over-year?
Clearwater Analytics's EV / EBITDA decreased by 61.9% year-over-year, from 191.4× to 72.9×.
What is the long-term trend for Clearwater Analytics's EV / EBITDA?
Over 3 years (2021 to 2025), Clearwater Analytics's EV / EBITDA has grown at a -16.2% compound annual growth rate (CAGR), from 171.4× to 100.7×.
What does EV / EBITDA mean?
Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.