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

Clearwater Analytics Holdings (CWAN) has 7 years of Research & Development data on file, last reported at $57.0 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development rose 52.54% year-over-year to $57.0 million; the trailing twelve-month figure through Mar 2026 stood at $215.9 million (up 43.65% YoY), and the FY2025 full-year result was $196.2 million, up 30.33% from the prior year.
• Research & Development for Q1 2026 stood at $57.0 million, roughly flat from $57.0 million in the prior quarter.
• Across five years, Research & Development topped out at $57.0 million in Q1 2026 and bottomed at $21.3 million in Q1 2022.
• The 5-year median for Research & Development is $35.4 million (2024), against an average of $36.6 million.
• The widest annual swing landed in 2025, when Research & Development decreased 0.73%; it then soared 52.54% in 2026.
• A 5-year view of Research & Development shows it stood at $24.6 million in 2022, then jumped by 37.37% to $33.7 million in 2023, then grew by 21.28% to $40.9 million in 2024, then jumped by 39.37% to $57.0 million in 2025, then increased by 0.07% to $57.0 million in 2026.
• The last three Research & Development figures came in at $57.0 million (Q1 2026), $57.0 million (Q4 2025), and $52.1 million (Q3 2025), per Business Quant data.

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