Clearwater Analytics Holdings, Inc. (CWAN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 10.17% of current shares
Recent Dilution: 75.46% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
290M
Potential Supply
30M
Additional shares possible
Splits
None
Past 2 years

Summary

CWAN currently has 295M outstanding shares. with limited dilution risk as only 30M additional shares (10.2%) are authorized for issuance. The company has significantly diluted shareholders by 75.46% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 295.0M shares outstanding

290M 30M
Nov 05, 2025

10-Q filing | 288.0M shares outstanding

290M 30M
Aug 06, 2025

10-Q filing | 270.6M shares outstanding

270M 30M
May 02, 2025

10-Q filing | 246.2M shares outstanding

250M 30M
Feb 26, 2025

10-K filing | 219.3M shares outstanding

220M 30M
Nov 13, 2024

8-K filing: Clearwater Analytics Holdings, Inc. entered into an Underwriting Agreement with J.P. Morgan Securities LLC and Selling Stockholders relating to the public offering of 25,000,000 shares of the Company's Class A common stock by the Selling Stockholders; the Company did not sell any stock and will not receive any proceeds.

170M 30M
Nov 06, 2024

10-Q filing | 172.1M shares outstanding

170M 30M
Aug 01, 2024

10-Q filing | 160.5M shares outstanding

160M 30M
Jun 12, 2024

8-K filing: Clearwater Analytics Holdings, Inc. announced the closing of a public offering of 12,000,000 shares of Class A common stock by selling stockholders on June 12, 2024.

150M 30M
May 02, 2024

10-Q filing | 146.2M shares outstanding

150M 30M
Mar 11, 2024

8-K filing: Clearwater Analytics Holdings, Inc. announced the completion of a public offering of 16,250,000 shares of its Class A common stock by selling stockholders on March 11, 2024; the Company did not sell any shares and received no proceeds.

130M 30M
Feb 29, 2024

10-K filing | 128.9M shares outstanding

130M 30M
Dec 05, 2023

8-K filing: Clearwater Analytics Holdings, Inc. announces the completion of a public offering of 17,000,000 shares of its Class A common stock by selling stockholders on December 5, 2023, with J.P. Morgan Securities LLC as the sole underwriter; the company did not sell any shares and will not receive any proceeds.

90M 30M
Nov 09, 2023

8-K filing: Clearwater Analytics Holdings, Inc. announced the closing of a public offering of 20,000,000 shares of its Class A common stock by the Selling Stockholders on November 9, 2023; the Company did not sell any shares and will not receive any proceeds.

90M 30M
Nov 03, 2023

10-Q filing | 89.9M shares outstanding

90M 30M
Aug 04, 2023

10-Q filing | 88.0M shares outstanding

88M 30M
May 05, 2023

10-Q filing | 77.4M shares outstanding

77M 30M
Mar 03, 2023

10-K filing | 62.2M shares outstanding

62M 30M
Nov 04, 2022

10-Q filing | 59.2M shares outstanding

59M 30M
Aug 05, 2022

10-Q filing | 57.7M shares outstanding

58M 30M
May 06, 2022

10-Q filing | 55.5M shares outstanding

56M 30M
Mar 16, 2022

10-K filing | 48.3M shares outstanding

48M 30M
Nov 12, 2021

10-Q filing | 47.4M shares outstanding

47M 30M
Sep 21, 2021

S-1/A filing: This S-1/A filing describes an offering of Class A common stock by Clearwater Analytics Holdings, Inc.

190M 30M
Sep 20, 2021

S-1/A filing: This S-1/A filing relates to an initial public offering of Class A common stock by Clearwater Analytics Holdings, Inc. The company is offering 30,000,000 shares of Class A common stock at an assumed initial public offering price of $15.00 per share.

230M 30M
Sep 14, 2021

S-1/A filing: This S-1/A filing pertains to an offering of Class A common stock by Clearwater Analytics Holdings, Inc.

230M 30M
Sep 09, 2021

S-1/A filing: This is an S-1/A filing for Clearwater Analytics Holdings, Inc. related to an initial public offering of Class A Common Stock.

N/A 0
Aug 30, 2021

S-1 filing: This is an S-1 filing related to a credit agreement and the initial public offering of Clearwater Analytics Holdings, Inc.'s Class A common stock.

N/A 0
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