Clearwater Analytics Holdings (CWAN) Operating Expenses (2020 - 2026)
Clearwater Analytics Holdings' (CWAN) quarterly Operating Expenses came in at $136.6 million in Q1 2026, up 59.05% YoY from $85.9 million in Q1 2025, and down 10.73% on a QoQ basis from $153.0 million in Q4 2025.
Clearwater Analytics Holdings (CWAN) Operating Expenses (2020 - 2026) Analysis & Trends
Clearwater Analytics Holdings (CWAN) has 7 years of Operating Expenses data on file, last reported at $136.6 million in Q1 2026.
- Quarterly Operating Expenses rose 59.05% year-over-year to $136.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $550.5 million (up 67.98% YoY) and the FY2025 annual result came in at $499.8 million, up 57.88% from the prior year.
- Operating Expenses eased to $136.6 million in Q1 2026, from $153.0 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 $48.3 million in Q1 2022.
- A 5-year average of $84.8 million and a median of $73.5 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses increased 4.29% — and 2025, when it surged 82.18%.
- Tracing CWAN's Operating Expenses over 5 years: stood at $55.8 million in 2022, then rose by 21.95% to $68.1 million in 2023, then soared by 34.65% to $91.7 million in 2024, then surged by 66.83% to $153.0 million in 2025, then slipped by 10.73% to $136.6 million in 2026.
- The last three Operating Expenses figures came in at $136.6 million (Q1 2026), $153.0 million (Q4 2025), and $127.9 million (Q3 2025), per Business Quant data.
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|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
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| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 136.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 136.56 Mn |
| Dec 31, 2025 | 152.96 Mn |
| Sep 30, 2025 | 127.92 Mn |
| Jun 30, 2025 | 133.09 Mn |
| Mar 31, 2025 | 85.86 Mn |
| Dec 31, 2024 | 91.69 Mn |
| Sep 30, 2024 | 77.13 Mn |
| Jun 30, 2024 | 73.06 Mn |
| Mar 31, 2024 | 74.71 Mn |
| Dec 31, 2023 | 68.09 Mn |
| Sep 30, 2023 | 73.54 Mn |
| Jun 30, 2023 | 70.05 Mn |
| Mar 31, 2023 | 66.10 Mn |
| Dec 31, 2022 | 55.84 Mn |
| Sep 30, 2022 | 55.00 Mn |
| Jun 30, 2022 | 51.36 Mn |
| Mar 31, 2022 | 48.33 Mn |
| Dec 31, 2021 | 48.93 Mn |
| Sep 30, 2021 | 39.44 Mn |
| Jun 30, 2021 | 36.74 Mn |