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Clearwater Analytics Holdings (CWAN) Research & Development (2020 - 2025)

Clearwater Analytics Holdings' Research & Development history spans 6 years, with the latest figure at $57.0 million for Q4 2025.

  • For Q4 2025, Research & Development rose 39.37% year-over-year to $57.0 million; the TTM value through Dec 2025 reached $196.2 million, up 30.33%, while the annual FY2025 figure was $196.2 million, 30.33% up from the prior year.
  • Research & Development reached $57.0 million in Q4 2025 per CWAN's latest filing, up from $52.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $57.0 million in Q4 2025 to a low of $15.8 million in Q1 2021.
  • Average Research & Development over 5 years is $31.9 million, with a median of $31.0 million recorded in 2023.
  • The largest YoY upside for Research & Development was 42.18% in 2025 against a maximum downside of 0.73% in 2025.
  • A 5-year view of Research & Development shows it stood at $21.7 million in 2021, then rose by 13.15% to $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.
  • Per Business Quant, the three most recent readings for CWAN's Research & Development are $57.0 million (Q4 2025), $52.1 million (Q3 2025), and $49.8 million (Q2 2025).