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

Clearwater Analytics Holdings has reported Research & Development for 7 years, with the latest figure 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.
• The five-year high for Research & Development was $57.0 million in Q1 2026, with the low at $21.3 million in Q1 2022.
• Historically, Research & Development has averaged $36.6 million across 5 years, with a median of $35.4 million in 2024.
• Annual changes were most pronounced in 2025 — Research & Development decreased 0.73% — and 2026, when it soared 52.54%.
• Clearwater Analytics Holdings' Research & Development stood at $24.6 million in 2022, then soared by 37.37% to $33.7 million in 2023, then climbed by 21.28% to $40.9 million in 2024, then soared by 39.37% to $57.0 million in 2025, then grew 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.