CWAN (Clearwater Analytics Holdings) Research & Development: $215.9 Mil (TTM As of Mar. 2026)


CWAN Clearwater Analytics Holdings Inc CWAN
81 GF Score
Price $24.56
GF Value $31.88
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Clearwater Analytics Holdings Research & Development?

Clearwater Analytics Holdings CWAN 81 Research & Development is $215.9 Mil as of Mar. 2026. GuruFocus rates CWAN with a GF Score™ of 81/100 and a GF Value™ of $31.88 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Clearwater Analytics Holdings's Research & Development for the three months ended in Mar. 2026 was $57.1 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $215.9 Mil.

Clearwater Analytics Holdings  (NYSE:CWAN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Clearwater Analytics Holdings Research & Development Related Terms

Clearwater Analytics Holdings Research & Development Historical Data

* Premium members only.

The historical data trend for Clearwater Analytics Holdings's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Clearwater Analytics Holdings Research & Development Chart

Clearwater Analytics Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 72.69 94.12 123.93 150.56 196.23

Clearwater Analytics Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.40 49.76 52.07 57.01 57.05
CWAN
81GF Score
Clearwater Analytics Holdings Inc CWAN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clearwater Analytics Holdings Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $215.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $215.9 Mil mean?
Clearwater Analytics Holdings (CWAN) has a Research & Development of $215.9 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Clearwater Analytics Holdings and its competitors.
Is Clearwater Analytics Holdings' Research & Development too high?
Clearwater Analytics Holdings' current Research & Development is $215.9 Mil. Overall, Clearwater Analytics Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' Research & Development compare to CHYM and PCOR?
Clearwater Analytics Holdings' Research & Development of $215.9 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Clearwater Analytics Holdings and its competitors. Clearwater Analytics Holdings's current Research & Development is $215.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.88, compared to a current price of $24.56 — trading 23% below its estimated fair value. The current Research & Development is $215.9 Mil. Clearwater Analytics Holdings' overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Clearwater Analytics Holdings (CWAN), the current Research & Development is $215.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Clearwater Analytics Holdings (CWAN) Overvalued in 2026?

Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued. The current stock price of $24.56 is trading 23% below its estimated GF Value™ of $31.88. GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.

Key valuation signals for CWAN:

  • Research & Development: $215.9 Mil
  • GF Value™: $31.88 vs. price of $24.56 (23% below fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Clearwater Analytics Holdings Business Description

Address 777 W. Main Street, Suite 900, Boise, ID, USA, 83702
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
81GF Score

Get the complete analysis for CWAN

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.56
Price
$31.88
GF Value