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

Clearwater Analytics Holdings' Operating Expenses history runs 7 years deep, the most recent figure standing at $136.6 million for 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 was $136.6 million for Q1 2026 at Clearwater Analytics Holdings, down 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.
• 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 advanced 4.29% — and 2025, when it surged 82.18%.
• Clearwater Analytics Holdings' 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.
• Business Quant data shows CWAN's Operating Expenses at $136.6 million in Q1 2026, $153.0 million in Q4 2025, and $127.9 million in Q3 2025.