Clearwater Analytics Holdings, Inc. (CWAN) Accumulated Expenses (2020 - 2026)
Clearwater Analytics Holdings' Accumulated Expenses came in at $78.61 million for Q1 2026, up 29.9% from $60.51 million a year earlier but down 30.0% from the prior quarter.
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Analysis
Clearwater Analytics Holdings, Inc. (CWAN) Accumulated Expenses (2020 - 2026) Analysis & Trends
At the end of FY2025, Clearwater Analytics Holdings' Accumulated Expenses was $112.25 million, up 101.7% from FY2024.
- Accumulated Expenses has increased in each of the last four years, with a five-year compound annual growth rate of 27.1% (FY2020 to FY2025).
- Going back by year, Accumulated Expenses was $55.65 million in FY2024 (+12.4%), $49.54 million in FY2023 (+17.6%), $42.12 million in FY2022 (+55.8%) and $27.03 million in FY2021 (-20.0%).
- The five-year range for quarterly Accumulated Expenses is $18.82 million (Q1 2022) to $112.25 million (Q4 2025).
- Year-over-year, Accumulated Expenses has increased for 14 consecutive quarters, with growth averaging 48.1% over the last eight quarters.
- The fastest year-over-year change in Accumulated Expenses over five years came in Q4 2025 (growth of 101.7%), and the weakest in Q4 2021 (a decline of 20.0%).
- Business Quant data shows CWAN's Accumulated Expenses at $112.25 million (Q4 2025), $83.61 million (Q3 2025) and $79.24 million (Q2 2025) in the three quarters before Q1 2026.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 78.61 Mn |
| Dec 31, 2025 | 112.25 Mn |
| Sep 30, 2025 | 83.61 Mn |
| Jun 30, 2025 | 79.24 Mn |
| Mar 31, 2025 | 60.51 Mn |
| Dec 31, 2024 | 55.65 Mn |
| Sep 30, 2024 | 60.68 Mn |
| Jun 30, 2024 | 49.84 Mn |
| Mar 31, 2024 | 40.95 Mn |
| Dec 31, 2023 | 49.54 Mn |
| Sep 30, 2023 | 40.78 Mn |
| Jun 30, 2023 | 33.87 Mn |
| Mar 31, 2023 | 35.36 Mn |
| Dec 31, 2022 | 42.12 Mn |
| Sep 30, 2022 | 25.75 Mn |
| Jun 30, 2022 | 20.92 Mn |
| Mar 31, 2022 | 18.82 Mn |
| Dec 31, 2021 | 27.03 Mn |
| Sep 30, 2021 | 28.04 Mn |
| Dec 31, 2020 | 33.79 Mn |
API Access
Clearwater Analytics Holdings, Inc. Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=CWAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "CWAN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=CWAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();