Clearwater Analytics Holdings (CWAN) Operating Expenses (2020 - 2026)

Clearwater Analytics Holdings (CWAN) has reported Operating Expenses for 7 consecutive years, with $136.6 million the latest figure, recorded in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 59.05% year-over-year to $136.6 million; the trailing twelve-month figure through Mar 2026 stood at $550.5 million (up 67.98% YoY), and the FY2025 full-year result was $499.8 million, up 57.88% from the prior year.
• Operating Expenses retreated to $136.6 million in Q1 2026 per CWAN's latest filing, from $153.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $153.0 million in Q4 2025 and bottomed at $48.3 million in Q1 2022.
• Historically, Operating Expenses has averaged $84.8 million across 5 years, with a median of $73.5 million in 2023.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses rose 4.29% in 2024, then soared 82.18% in 2025.
• Over 5 years, Operating Expenses stood at $55.8 million in 2022, then advanced by 21.95% to $68.1 million in 2023, then surged by 34.65% to $91.7 million in 2024, then jumped by 66.83% to $153.0 million in 2025, then declined by 10.73% to $136.6 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $136.6 million, $153.0 million, and $127.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.