Clearwater Analytics Holdings (CWAN) Cost of Revenue (2020 - 2026)

Clearwater Analytics Holdings (CWAN) has reported Cost of Revenue for 7 consecutive years, with $75.7 million the latest figure, recorded in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 123.09% year-over-year to $75.7 million; the trailing twelve-month figure through Mar 2026 stood at $281.0 million (up 118.27% YoY), and the FY2025 full-year result was $239.2 million, up 94.51% from the prior year.
• Cost of Revenue advanced to $75.7 million in Q1 2026 per CWAN's latest filing, from $71.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $75.7 million in Q1 2026 and bottomed at $20.9 million in Q2 2022.
• Historically, Cost of Revenue has averaged $37.2 million across 5 years, with a median of $28.3 million in 2023.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue climbed 10.89% in 2024, then jumped 125.27% in 2025.
• Over 5 years, Cost of Revenue stood at $23.0 million in 2022, then grew by 23.34% to $28.3 million in 2023, then increased by 18.44% to $33.6 million in 2024, then jumped by 112.26% to $71.2 million in 2025, then advanced by 6.24% to $75.7 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $75.7 million, $71.2 million, and $70.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.