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

Clearwater Analytics Holdings (CWAN) has reported Research & Development for 7 consecutive years, with $57.0 million the latest figure, recorded 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 held at $57.0 million in Q1 2026 per CWAN's latest filing, 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.
• Historically, Research & Development has averaged $36.6 million across 5 years, with a median of $35.4 million in 2024.
• The sharpest annual moves came in 2025 and 2026: Research & Development slipped 0.73% in 2025, then jumped 52.54% in 2026.
• Over 5 years, Research & Development stood at $24.6 million in 2022, then surged by 37.37% to $33.7 million in 2023, then increased by 21.28% to $40.9 million in 2024, then surged by 39.37% to $57.0 million in 2025, then rose by 0.07% to $57.0 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $57.0 million, $57.0 million, and $52.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.