Clearwater Analytics Holdings (CWAN) Research & Development (2020 - 2026)

Clearwater Analytics Holdings' Research & Development history runs 7 years deep, the most recent figure standing at $46.2 million for Q1 2026.

• Quarterly Research & Development rose 23.64% year-over-year to $46.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $175.8 million (up 64.18% YoY) and the FY2025 annual result came in at $149.2 million, up 121.82% from the prior year.
• Research & Development was $46.2 million for Q1 2026 at Clearwater Analytics Holdings, up from $45.9 million in the prior quarter.
• Across five years, Research & Development topped out at $79.9 million in Q4 2023 and bottomed at $14.3 million in Q2 2023.
• A 5-year average of $35.3 million and a median of $36.6 million in 2024 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2022 — Research & Development soared 195.3% — and 2024, when it tumbled 77.61%.
• Clearwater Analytics Holdings' Research & Development stood at $55.9 million in 2022, then surged by 42.98% to $79.9 million in 2023, then tumbled by 77.61% to $17.9 million in 2024, then surged by 156.4% to $45.9 million in 2025, then advanced by 0.84% to $46.2 million in 2026.
• Business Quant data shows CWAN's Research & Development at $46.2 million in Q1 2026, $45.9 million in Q4 2025, and $44.5 million in Q3 2025.