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

Clearwater Analytics Holdings has reported Cost of Revenue for 7 years, with the latest figure at $75.7 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 285.52% year-over-year to $75.7 million; the trailing twelve-month figure through Mar 2026 stood at $164.8 million (up 66.83% YoY), and the FY2025 full-year result was $149.2 million, up 121.82% from the prior year.
• Cost of Revenue for Q1 2026 stood at $75.7 million, up from -$18.8 million in the prior quarter.
• The five-year high for Cost of Revenue was $75.7 million in Q1 2026, with the low at -$18.8 million in Q4 2025.
• Historically, Cost of Revenue has averaged $29.7 million across 5 years, with a median of $27.0 million in 2023.
• Annual changes were most pronounced in 2025 — Cost of Revenue sank 205.14% — and 2026, when it soared 285.52%.
• Clearwater Analytics Holdings' Cost of Revenue stood at $23.0 million in 2022, then jumped by 174.57% to $63.1 million in 2023, then plunged by 71.65% to $17.9 million in 2024, then slumped by 205.14% to -$18.8 million in 2025, then surged by 502.47% to $75.7 million in 2026.
• The last three Cost of Revenue figures came in at $75.7 million (Q1 2026), -$18.8 million (Q4 2025), and $44.5 million (Q3 2025), per Business Quant data.