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Free cash flow at other companies

Northern Trust logo
Northern TrustNTRS
-$329.4M-112%
State Street logo
State StreetSTT
-$12.41B-672%
Blackrock logo
BlackrockBLK
-$1.09B+10.0%
Snowflake logo
SnowflakeSNOW
$232.77M+26.9%
MicroStrategy logo
MicroStrategyMSTR
$13.04M+354%
SS&C Technologies logo
SS&C TechnologiesSSNC

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%

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.

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 free cash flow?
Clearwater Analytics (CWAN) reported free cash flow of $11.24M in Q1 2026.
How has Clearwater Analytics's free cash flow changed year-over-year?
Clearwater Analytics's free cash flow decreased by 51.2% year-over-year, from $23.03M to $11.24M.
What is the long-term trend for Clearwater Analytics's free cash flow?
Over 2 years (2022 to 2025), Clearwater Analytics's free cash flow has grown at a 80.9% compound annual growth rate (CAGR), from $50.25M to $164.34M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.