Clearwater Analytics Hldgs Inc Financials

CWAN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 81/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Clearwater Analytics Hldgs Inc has an operating margin of 2.7%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is up from -4.5% the prior year.

Growth

Clearwater Analytics Hldgs Inc's revenue surged 22.7% year-over-year to $451.8M, reflecting rapid business expansion. This strong growth earns a score of 93/100.

Leverage

100

Clearwater Analytics Hldgs Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 4.99, Clearwater Analytics Hldgs Inc holds $4.99 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Clearwater Analytics Hldgs Inc converts 15.3% of revenue into free cash flow ($69.1M). This strong cash generation earns a score of 76/100.

Returns

100

Clearwater Analytics Hldgs Inc earns a strong 42.1% return on equity (ROE), meaning it generates $42 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.

Altman Z-Score Safe

30.30

Clearwater Analytics Hldgs Inc scores 30.30, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.8B) relative to total liabilities ($139.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Clearwater Analytics Hldgs Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.18x

For every $1 of reported earnings, Clearwater Analytics Hldgs Inc generates $0.18 in operating cash flow ($74.3M OCF vs $424.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Clearwater Analytics Hldgs Inc (CWAN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$451.8M

YoY+22.7%

5Y CAGR+21.9%

Clearwater Analytics Hldgs Inc generated $451.8M in revenue in fiscal year 2024. This represents an increase of 22.7% from the prior year.

EBITDA

$24.4M

YoY+458.2%

5Y CAGR-2.5%

Clearwater Analytics Hldgs Inc's EBITDA was $24.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 458.2% from the prior year.

Free Cash Flow

$69.1M

YoY-12.6%

Clearwater Analytics Hldgs Inc generated $69.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 12.6% from the prior year.

Net Income

$424.4M

YoY+2062.3%

5Y CAGR+122.8%

Clearwater Analytics Hldgs Inc reported $424.4M in net income in fiscal year 2024. This represents an increase of 2062.3% from the prior year.

EPS (Diluted)

$1.68

YoY+1627.3%

Clearwater Analytics Hldgs Inc earned $1.68 per diluted share (EPS) in fiscal year 2024. This represents an increase of 1627.3% from the prior year.

Cash & Debt

$177.3M

YoY-20.0%

Clearwater Analytics Hldgs Inc held $177.3M in cash against $43.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Clearwater Analytics Hldgs Inc had 0 shares outstanding in fiscal year 2024.

Gross Margin

72.8%

YoY+1.9pp

5Y CAGR+0.8pp

Clearwater Analytics Hldgs Inc's gross margin was 72.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.

Operating Margin

2.7%

YoY+7.3pp

5Y CAGR-12.6pp

Clearwater Analytics Hldgs Inc's operating margin was 2.7% in fiscal year 2024, reflecting core business profitability. This is up 7.3 percentage points from the prior year.

Net Margin

93.9%

YoY+99.8pp

5Y CAGR+89.3pp

Clearwater Analytics Hldgs Inc's net profit margin was 93.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 99.8 percentage points from the prior year.

Return on Equity

42.1%

Clearwater Analytics Hldgs Inc's ROE was 42.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$150.6M

YoY+21.5%

5Y CAGR+30.8%

Clearwater Analytics Hldgs Inc invested $150.6M in research and development in fiscal year 2024. This represents an increase of 21.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$5.3M

YoY-6.5%

5Y CAGR+9.3%

Clearwater Analytics Hldgs Inc invested $5.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.5% from the prior year.

CWAN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$451.8M+22.7%	$368.2M+21.3%	$303.4M+20.4%	$252.0M+24.0%	$203.2M+21.0%	$168.0M
Cost of Revenue	$123.0M+14.8%	$107.1M+22.0%	$87.8M+29.4%	$67.9M+27.4%	$53.3M+13.0%	$47.1M
Gross Profit	$328.8M+26.0%	$261.0M+21.1%	$215.6M+17.1%	$184.2M+22.8%	$150.0M+24.1%	$120.9M
R&D Expenses	$150.6M+21.5%	$123.9M+31.7%	$94.1M+29.5%	$72.7M+31.5%	$55.3M+40.7%	$39.3M
SG&A Expenses	$98.8M+5.6%	$93.5M+46.6%	$63.8M+45.1%	$43.9M+0.2%	$43.9M+19.2%	$36.8M
Operating Income	$12.2M+173.1%	-$16.7M-427.2%	$5.1M-82.0%	$28.5M+239.4%	-$20.4M-179.5%	$25.7M
Interest Expense	N/A	$6.4M+463.0%	$1.1M-95.6%	$25.7M+12.4%	$22.9M+28.3%	$17.8M
Income Tax	-$457.6M-210997.7%	$217K-84.0%	$1.4M+179.3%	$487K-46.0%	$902K+1135.6%	$73K
Net Income	$424.4M+2062.3%	-$21.6M-171.5%	-$8.0M+3.0%	-$8.2M+81.4%	-$44.2M-672.0%	$7.7M
EPS (Diluted)	$1.68+1627.3%	$-0.11-175.0%	$-0.04+20.0%	$-0.05	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$205.1M+12.7%	$181.9M+43.4%	$126.9M+0.3%	$126.5M+18.4%	$106.8M+4.0%	$102.7M+3.7%	$99.0M+4.6%	$94.7M
Cost of Revenue	$70.6M+11.4%	$63.4M+87.0%	$33.9M+1.1%	$33.6M+12.3%	$29.9M+6.1%	$28.2M-0.6%	$28.3M+4.9%	$27.0M
Gross Profit	$134.5M+13.5%	$118.5M+27.5%	$92.9M0.0%	$92.9M+20.8%	$76.9M+3.2%	$74.5M+5.5%	$70.7M+4.5%	$67.7M
R&D Expenses	$52.1M+4.6%	$49.8M+33.0%	$37.4M-8.6%	$40.9M+15.7%	$35.4M-6.1%	$37.7M+11.7%	$33.7M+4.6%	$32.3M
SG&A Expenses	$31.4M-28.9%	$44.1M+53.0%	$28.8M-12.4%	$32.9M+46.0%	$22.5M+8.7%	$20.7M+14.8%	$18.1M-31.3%	$26.3M
Operating Income	$6.6M+145.0%	-$14.6M-305.9%	$7.1M+481.4%	$1.2M-68.3%	$3.8M+2415.7%	-$166K-106.4%	$2.6M+144.0%	-$5.9M
Interest Expense	N/A	N/A	N/A	N/A	$1.8M-10.6%	$2.1M+4.1%	$2.0M+14.2%	$1.7M
Income Tax	$510K+121.7%	-$2.3M-251.4%	$1.6M+100.3%	-$457.1M-578762.0%	$79K+180.6%	-$98K-124.4%	$401K+246.4%	-$274K
Net Income	-$10.3M+55.5%	-$23.2M-456.8%	$6.5M-98.4%	$419.3M+97607.2%	-$430K-122.7%	$1.9M+142.8%	-$4.4M-134.7%	-$1.9M
EPS (Diluted)	$-0.04+55.6%	$-0.09-400.0%	$0.03-98.2%	$1.65	$0.00-100.0%	$0.01+150.0%	$-0.02-100.0%	$-0.01

CWAN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.2B+109.3%	$558.7M+15.9%	$481.9M+40.0%	$344.4M+198.0%	$115.6M	N/A
Current Assets	$384.6M-7.5%	$416.0M+16.7%	$356.3M+10.9%	$321.3M+216.5%	$101.5M	N/A
Cash & Equivalents	$177.3M-20.0%	$221.8M-11.6%	$250.7M-1.5%	$254.6M+316.8%	$61.1M	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$106.2M+15.3%	$92.1M+26.9%	$72.6M+44.6%	$50.2M+52.6%	$32.9M	N/A
Goodwill	$71.0M+56.5%	$45.3M+3.5%	$43.8M	N/A	N/A	N/A
Total Liabilities	$139.3M-6.5%	$149.1M+3.9%	$143.6M+74.0%	$82.5M-82.1%	$460.2M	N/A
Current Liabilities	$77.1M-4.6%	$80.8M+22.4%	$66.0M+111.6%	$31.2M-18.3%	$38.2M	N/A
Long-Term Debt	$43.3M-6.0%	$46.1M-10.7%	$51.6M-5.1%	$54.3M	N/A	N/A
Total Equity	$1.0B+184.6%	$354.3M+4.7%	$338.4M+29.2%	$261.9M+176.0%	-$344.6M	N/A
Retained Earnings	$283.9M+256.6%	-$181.3M+2.8%	-$186.6M+2.8%	-$191.9M	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$3.0B-1.0%	$3.0B+135.1%	$1.3B+9.9%	$1.2B+99.9%	$585.1M+6.8%	$547.8M-2.0%	$558.7M+4.3%	$535.5M
Current Assets	$250.8M-2.6%	$257.6M-39.0%	$422.1M+9.7%	$384.6M+0.5%	$382.7M-3.3%	$395.8M-4.9%	$416.0M+3.7%	$401.2M
Cash & Equivalents	$60.8M-11.2%	$68.4M-75.1%	$275.2M+55.2%	$177.3M-6.7%	$190.1M+0.2%	$189.6M-14.5%	$221.8M+7.8%	$205.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$152.8M+3.2%	$148.0M+32.8%	$111.4M+5.0%	$106.2M+9.2%	$97.2M+0.5%	$96.8M+5.1%	$92.1M+0.5%	$91.7M
Goodwill	$1.3B0.0%	$1.3B+1644.9%	$72.6M+2.3%	$71.0M-1.8%	$72.2M+63.0%	$44.3M-2.2%	$45.3M+6.5%	$42.6M
Total Liabilities	$989.0M-4.3%	$1.0B+624.0%	$142.7M+2.4%	$139.3M-11.0%	$156.5M+10.5%	$141.6M-5.0%	$149.1M+3.5%	$144.1M
Current Liabilities	$127.6M0.0%	$127.7M+53.9%	$83.0M+7.7%	$77.1M-3.7%	$80.0M+13.0%	$70.8M-12.3%	$80.8M+28.0%	$63.1M
Long-Term Debt	$830.9M-4.7%	$872.1M	N/A	$43.3M	N/A	N/A	$46.1M	N/A
Total Equity	$2.0B+0.7%	$2.0B+76.3%	$1.1B+10.7%	$1.0B+164.9%	$380.6M-6.3%	$406.2M+14.6%	$354.3M-9.5%	$391.4M
Retained Earnings	$261.0M-3.6%	$270.7M-5.4%	$286.2M+0.8%	$283.9M+267.0%	-$170.1M-0.3%	-$169.6M+6.5%	-$181.3M+4.9%	-$190.6M

CWAN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$74.3M-12.2%	$84.6M+45.9%	$58.0M+1627.4%	$3.4M+151.8%	-$6.5M+97.2%	-$230.0M
Capital Expenditures	$5.3M-6.5%	$5.6M-27.5%	$7.8M+54.4%	$5.0M+32.0%	$3.8M+12.9%	$3.4M
Free Cash Flow	$69.1M-12.6%	$79.0M+57.2%	$50.2M+3114.2%	-$1.7M+83.8%	-$10.3M+95.6%	-$233.4M
Investing Cash Flow	-$55.6M+41.5%	-$95.1M-24.2%	-$76.6M-1423.4%	-$5.0M-32.0%	-$3.8M-12.9%	-$3.4M
Financing Cash Flow	-$61.7M-219.7%	-$19.3M-218.9%	$16.2M-91.7%	$195.3M+282.6%	$51.0M-78.5%	$237.7M
Dividends Paid	N/A	N/A	N/A	N/A	$163.3M	N/A
Share Buybacks	N/A	$0	$0-100.0%	$626K+10.4%	$567K-85.0%	$3.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$49.0M+4.0%	$47.1M+92.2%	$24.5M+183.9%	-$29.2M-166.5%	$43.9M+337.6%	$10.0M-58.3%	$24.1M-23.3%	$31.4M
Capital Expenditures	$4.1M+35.8%	$3.0M+103.5%	$1.5M+78.6%	$822K-45.5%	$1.5M+4.9%	$1.4M-7.9%	$1.6M+103.1%	$769K
Free Cash Flow	$44.9M+1.9%	$44.1M+91.4%	$23.0M+176.7%	-$30.0M-170.8%	$42.4M+393.3%	$8.6M-61.8%	$22.5M-26.5%	$30.7M
Investing Cash Flow	-$4.1M+99.6%	-$1.1B-1189.0%	$99.5M+11461.3%	-$876K+97.9%	-$41.9M-255.3%	-$11.8M-2214.7%	$558K+105.7%	-$9.8M
Financing Cash Flow	-$51.4M-106.2%	$828.8M+3141.6%	-$27.2M-42.3%	-$19.1M-1169.4%	-$1.5M+95.0%	-$30.1M-221.8%	-$9.4M-59.4%	-$5.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CWAN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	72.8%+1.9pp	70.9%-0.2pp	71.1%-2.0pp	73.1%-0.7pp	73.8%+1.8pp	71.9%
Operating Margin	2.7%+7.3pp	-4.5%-6.2pp	1.7%-9.6pp	11.3%+21.3pp	-10.1%-25.4pp	15.3%
Net Margin	93.9%+99.8pp	-5.9%-3.2pp	-2.6%+0.6pp	-3.3%+18.5pp	-21.8%-26.4pp	4.6%
Return on Equity	42.1%	N/A	N/A	N/A	N/A	N/A
Return on Assets	36.3%+40.2pp	-3.9%-2.2pp	-1.7%+0.7pp	-2.4%+35.9pp	-38.3%	N/A
Current Ratio	4.99-0.2	5.15-0.2	5.40-4.9	10.30+7.6	2.66	N/A
Debt-to-Equity	0.04-0.1	0.13-0.0	0.15-0.1	0.21+1.5	-1.34	N/A
FCF Margin	15.3%-6.2pp	21.4%+4.9pp	16.6%+17.2pp	-0.7%+4.4pp	-5.1%+133.9pp	-138.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	65.6%+0.4pp	65.1%-8.1pp	73.3%-0.2pp	73.5%+1.5pp	72.0%-0.6pp	72.6%+1.2pp	71.4%-0.1pp	71.5%
Operating Margin	3.2%+11.2pp	-8.0%-13.6pp	5.6%+4.6pp	1.0%-2.6pp	3.6%+3.8pp	-0.2%-2.8pp	2.6%+8.8pp	-6.2%
Net Margin	-5.0%+7.7pp	-12.8%-17.9pp	5.1%-326.4pp	331.5%+331.9pp	-0.4%-2.3pp	1.8%+6.3pp	-4.5%-2.5pp	-2.0%
Return on Equity	N/A	N/A	0.6%-41.0pp	41.6%	N/A	0.5%	N/A	N/A
Return on Assets	-0.4%+0.4pp	-0.8%-1.3pp	0.5%-35.3pp	35.9%+35.9pp	-0.1%-0.4pp	0.4%+1.1pp	-0.8%-0.4pp	-0.4%
Current Ratio	1.97-0.1	2.02-3.1	5.09+0.1	4.99+0.2	4.78-0.8	5.59+0.4	5.15-1.2	6.35
Debt-to-Equity	0.42-0.0	0.44+0.3	0.13+0.1	0.04-0.4	0.41+0.1	0.35+0.2	0.13-0.2	0.37
FCF Margin	21.9%-2.3pp	24.2%+6.1pp	18.1%+41.9pp	-23.7%-63.5pp	39.7%+31.4pp	8.4%-14.4pp	22.8%-9.6pp	32.4%

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Frequently Asked Questions

What is Clearwater Analytics Hldgs Inc's annual revenue?

Clearwater Analytics Hldgs Inc (CWAN) reported $451.8M in total revenue for fiscal year 2024. This represents a 22.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Clearwater Analytics Hldgs Inc's revenue growing?

Clearwater Analytics Hldgs Inc (CWAN) revenue grew by 22.7% year-over-year, from $368.2M to $451.8M in fiscal year 2024.

Is Clearwater Analytics Hldgs Inc profitable?

Yes, Clearwater Analytics Hldgs Inc (CWAN) reported a net income of $424.4M in fiscal year 2024, with a net profit margin of 93.9%.

What is Clearwater Analytics Hldgs Inc's earnings per share (EPS)?

Clearwater Analytics Hldgs Inc (CWAN) reported diluted earnings per share of $1.68 for fiscal year 2024. This represents a 1627.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Clearwater Analytics Hldgs Inc's EBITDA?

Clearwater Analytics Hldgs Inc (CWAN) had EBITDA of $24.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Clearwater Analytics Hldgs Inc have?

As of fiscal year 2024, Clearwater Analytics Hldgs Inc (CWAN) had $177.3M in cash and equivalents against $43.3M in long-term debt.

What is Clearwater Analytics Hldgs Inc's gross margin?

Clearwater Analytics Hldgs Inc (CWAN) had a gross margin of 72.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Clearwater Analytics Hldgs Inc's operating margin?

Clearwater Analytics Hldgs Inc (CWAN) had an operating margin of 2.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Clearwater Analytics Hldgs Inc's net profit margin?

Clearwater Analytics Hldgs Inc (CWAN) had a net profit margin of 93.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Clearwater Analytics Hldgs Inc's return on equity (ROE)?

Clearwater Analytics Hldgs Inc (CWAN) has a return on equity of 42.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Clearwater Analytics Hldgs Inc's free cash flow?

Clearwater Analytics Hldgs Inc (CWAN) generated $69.1M in free cash flow during fiscal year 2024. This represents a -12.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Clearwater Analytics Hldgs Inc's operating cash flow?

Clearwater Analytics Hldgs Inc (CWAN) generated $74.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Clearwater Analytics Hldgs Inc's total assets?

Clearwater Analytics Hldgs Inc (CWAN) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Clearwater Analytics Hldgs Inc's capital expenditures?

Clearwater Analytics Hldgs Inc (CWAN) invested $5.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Clearwater Analytics Hldgs Inc spend on research and development?

Clearwater Analytics Hldgs Inc (CWAN) invested $150.6M in research and development during fiscal year 2024.

How many shares does Clearwater Analytics Hldgs Inc have outstanding?

Clearwater Analytics Hldgs Inc (CWAN) had 0 shares outstanding as of fiscal year 2024.

What is Clearwater Analytics Hldgs Inc's current ratio?

Clearwater Analytics Hldgs Inc (CWAN) had a current ratio of 4.99 as of fiscal year 2024, which is generally considered healthy.

What is Clearwater Analytics Hldgs Inc's debt-to-equity ratio?

Clearwater Analytics Hldgs Inc (CWAN) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Clearwater Analytics Hldgs Inc's return on assets (ROA)?

Clearwater Analytics Hldgs Inc (CWAN) had a return on assets of 36.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Clearwater Analytics Hldgs Inc's Altman Z-Score?

Clearwater Analytics Hldgs Inc (CWAN) has an Altman Z-Score of 30.30, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Clearwater Analytics Hldgs Inc's Piotroski F-Score?

Clearwater Analytics Hldgs Inc (CWAN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Clearwater Analytics Hldgs Inc's earnings high quality?

Clearwater Analytics Hldgs Inc (CWAN) has an earnings quality ratio of 0.18x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Clearwater Analytics Hldgs Inc?

Clearwater Analytics Hldgs Inc (CWAN) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.