Clearwater Analytics Holdings Inc (CWAN) - Net Assets
Based on the latest financial reports, Clearwater Analytics Holdings Inc (CWAN) has net assets worth $2.05 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.03 Billion) and total liabilities ($972.29 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Clearwater Analytics Holdings Inc (CWAN) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.05 Billion |
| % of Total Assets | 67.88% |
| Annual Growth Rate | N/A |
| 5-Year Change | 675.62% |
| 10-Year Change | N/A |
| Growth Volatility | 53.26 |
Clearwater Analytics Holdings Inc - Net Assets Trend (2019–2025)
This chart illustrates how Clearwater Analytics Holdings Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Clearwater Analytics Holdings Inc worth.
Annual Net Assets for Clearwater Analytics Holdings Inc (2019–2025)
The table below shows the annual net assets of Clearwater Analytics Holdings Inc from 2019 to 2025. Also explore Clearwater Analytics Holdings Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.03 Billion | +97.15% |
| 2024-12-31 | $1.03 Billion | +151.49% |
| 2023-12-31 | $409.66 Million | +21.06% |
| 2022-12-31 | $338.39 Million | +29.22% |
| 2021-12-31 | $261.87 Million | +175.99% |
| 2020-12-31 | $-344.61 Million | -71.68% |
| 2019-12-31 | $-200.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Clearwater Analytics Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 46153900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $259.96 Million | 12.86% |
| Common Stock | $293.00K | 0.01% |
| Other Comprehensive Income | $7.09 Million | 0.35% |
| Other Components | $1.75 Billion | 86.78% |
| Total Equity | $2.02 Billion | 100.00% |
Clearwater Analytics Holdings Inc Competitors by Market Cap
The table below lists competitors of Clearwater Analytics Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WinWay Technology Co. Ltd
TW:6515
|
$7.31 Billion |
|
Applied Digital Corporation
NASDAQ:APLD
|
$7.31 Billion |
|
BARRY CALLEBA. ADR 1/100
F:BCLM
|
$7.31 Billion |
|
Verona Pharma PLC ADR
NASDAQ:VRNA
|
$7.31 Billion |
|
Reece Ltd
AU:REH
|
$7.29 Billion |
|
JD LOGISTICS DL-000025
F:822
|
$7.28 Billion |
|
Alkermes Plc
NASDAQ:ALKS
|
$7.28 Billion |
|
Ampol Ltd
AU:ALD
|
$7.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Clearwater Analytics Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,008,255,000 to 2,021,732,000, a change of 1,013,477,000 (100.5%).
- Net loss of 38,807,000 reduced equity.
- Share repurchases of 18,054,000 reduced equity.
- Other comprehensive income increased equity by 8,202,000.
- Other factors increased equity by 1,062,136,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-38.81 Million | -1.92% |
| Share Repurchases | $18.05 Million | -0.89% |
| Other Comprehensive Income | $8.20 Million | +0.41% |
| Other Changes | $1.06 Billion | +52.54% |
| Total Change | $- | 100.52% |
Book Value vs Market Value Analysis
This analysis compares Clearwater Analytics Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.85 | $24.56 | x |
| 2020-12-31 | $-1.46 | $24.56 | x |
| 2021-12-31 | $1.11 | $24.56 | x |
| 2022-12-31 | $1.45 | $24.56 | x |
| 2023-12-31 | $1.77 | $24.56 | x |
| 2024-12-31 | $3.96 | $24.56 | x |
| 2025-12-31 | $7.45 | $24.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Clearwater Analytics Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.31%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.50x
- Recent ROE (-1.92%) is below the historical average (3.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 4.60% | 2.63x | 0.00x | $27.80 Million |
| 2020 | 0.00% | -21.76% | 1.76x | 0.00x | $-9.77 Million |
| 2021 | -4.17% | -3.26% | 0.73x | 1.75x | $-27.90 Million |
| 2022 | -2.96% | -2.63% | 0.63x | 1.79x | $-34.92 Million |
| 2023 | -6.10% | -5.87% | 0.66x | 1.58x | $-57.06 Million |
| 2024 | 42.09% | 93.93% | 0.39x | 1.16x | $323.55 Million |
| 2025 | -1.92% | -5.31% | 0.24x | 1.50x | $-240.98 Million |
Industry Comparison
This section compares Clearwater Analytics Holdings Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,027,374,758
- Average return on equity (ROE) among peers: 1.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Clearwater Analytics Holdings Inc (CWAN) | $2.05 Billion | 0.00% | 0.47x | $7.30 Billion |
| Adobe Systems Incorporated (ADBE) | $13.26 Billion | 39.66% | 0.83x | $98.95 Billion |
| ADEIA CORP (ADEA) | $664.58 Million | 8.63% | 0.07x | $2.74 Billion |
| Automatic Data Processing Inc (ADP) | $3.98 Billion | 43.59% | 8.35x | $107.69 Billion |
| Autodesk Inc (ADSK) | $2.26 Billion | 10.12% | 1.03x | $45.99 Billion |
| AudioEye Inc (AEYE) | $5.33 Million | -54.09% | 0.18x | $71.03 Million |
| Agilysys Inc (AGYS) | $84.10 Million | 15.34% | 1.04x | $2.82 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $7.86 Million | -10.63% | 1.20x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $17.91 Million |
| PowerFleet, Inc. (AIOT) | $27.25 Million | -42.47% | 0.93x | $386.57 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-15.77 Million | 0.00% | 0.00x | $8.14 Million |
About Clearwater Analytics Holdings Inc
Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services in the United States and internationally. It offers portfolio management, order and execution management systems (OEMS), investment accounting, reconciliation, regulatory reporting, performance measurement, … Read more