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Clearwater Analytics Holdings (CWAN) Operating Expenses (2020 - 2025)

Clearwater Analytics Holdings' Operating Expenses history spans 6 years, with the latest figure at $153.0 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 66.83% year-over-year to $153.0 million; the TTM value through Dec 2025 reached $499.8 million, up 57.88%, while the annual FY2025 figure was $499.8 million, 57.88% up from the prior year.
  • Operating Expenses reached $153.0 million in Q4 2025 per CWAN's latest filing, up from $127.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $153.0 million in Q4 2025 to a low of $30.6 million in Q1 2021.
  • Average Operating Expenses over 5 years is $73.0 million, with a median of $69.1 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: plummeted 52.13% in 2021, then soared 82.18% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $48.9 million in 2021, then grew by 14.12% to $55.8 million in 2022, then increased by 21.95% to $68.1 million in 2023, then surged by 34.65% to $91.7 million in 2024, then skyrocketed by 66.83% to $153.0 million in 2025.
  • Per Business Quant, the three most recent readings for CWAN's Operating Expenses are $153.0 million (Q4 2025), $127.9 million (Q3 2025), and $133.1 million (Q2 2025).