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Accumulated Depreciation & AmortizationCost of RevenueEBIATLeasesMachine, Furnitures, Fixtures & OtherNon-Current ReceivablesOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetReceivables - OtherShares Issued
Ratios

Clearwater Analytics Holdings (CWAN) Cost of Revenue (2020 - 2025)

Clearwater Analytics Holdings' Cost of Revenue history spans 6 years, with the latest figure at $45.9 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 37.71% year-over-year to $45.9 million; the TTM value through Dec 2025 reached $163.5 million, up 19.8%, while the annual FY2025 figure was $149.2 million, 21.3% up from the prior year.
  • Cost of Revenue reached $45.9 million in Q4 2025 per CWAN's latest filing, up from $44.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $73.6 million in Q4 2024 to a low of -$18.4 million in Q4 2023.
  • Average Cost of Revenue over 5 years is $24.4 million, with a median of $21.9 million recorded in 2022.
  • Peak YoY movement for Cost of Revenue: crashed 195.95% in 2021, then surged 674.73% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at -$8.6 million in 2021, then soared by 674.73% to $49.5 million in 2022, then crashed by 137.2% to -$18.4 million in 2023, then soared by 499.51% to $73.6 million in 2024, then crashed by 37.71% to $45.9 million in 2025.
  • Per Business Quant, the three most recent readings for CWAN's Cost of Revenue are $45.9 million (Q4 2025), $44.5 million (Q3 2025), and $39.2 million (Q2 2025).