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Clearwater Analytics CWAN Tax receivable agreement liability

Tax receivable agreement liability at other companies

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CarvanaCVNA
$0-100%
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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:IncreaseDecreaseInTaxReceivableAgreements.

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 tax receivable agreement liability?
Clearwater Analytics (CWAN) reported tax receivable agreement liability of $0 in Q1 2026.
How has Clearwater Analytics's tax receivable agreement liability changed year-over-year?
Clearwater Analytics's tax receivable agreement liability increased by 100.0% year-over-year, from -$35K to $0.
What does tax receivable agreement liability mean?
This tracks the change in liabilities associated with tax receivable agreements, typically arising from Up-C structures where tax benefits are shared with pre-IPO owners. It represents the obligation to pay out future cash savings realized from tax attributes to historical shareholders. Monitoring this is critical for understanding future cash outflows related to corporate tax structuring.