Clearwater Analytics (CWAN) Revenue & Revenue Breakdown
Clearwater Analytics Revenue Highlights
Latest Revenue (Y)
$731.37M
Latest Revenue (Q)
$205.11M
Main Segment (Y)
Reportable Segment
Main Geography (Y)
UNITED STATES
Clearwater Analytics Revenue by Period
Clearwater Analytics Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2025-12-31 | $731.37M | 61.88% |
| 2024-12-31 | $451.80M | 22.72% |
| 2023-12-31 | $368.17M | 21.34% |
| 2022-12-31 | $303.43M | 20.40% |
| 2021-12-31 | $252.02M | 24.01% |
| 2020-12-31 | $203.22M | 20.96% |
| 2019-12-31 | $168.00M | - |
Clearwater Analytics generated $731.37M in revenue during NA 2025, up 61.88% compared to the previous quarter, and up 359.89% compared to the same period a year ago.
Clearwater Analytics Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2025-09-30 | $205.11M | 12.74% |
| 2025-06-30 | $181.94M | 43.41% |
| 2025-03-31 | $126.86M | 0.32% |
| 2024-12-31 | $126.47M | 9.18% |
| 2024-09-30 | $115.83M | 8.46% |
| 2024-06-30 | $106.79M | 3.96% |
| 2024-03-31 | $102.72M | 3.74% |
| 2023-12-31 | $99.02M | 4.60% |
| 2023-09-30 | $94.66M | 5.32% |
| 2023-06-30 | $89.88M | 6.23% |
| 2023-03-31 | $84.61M | 2.32% |
| 2022-12-31 | $82.69M | 8.01% |
| 2022-09-30 | $76.55M | 4.28% |
| 2022-06-30 | $73.41M | 3.72% |
| 2022-03-31 | $70.78M | 1.46% |
| 2021-12-31 | $69.76M | 8.18% |
| 2021-09-30 | $64.49M | 5.94% |
| 2021-06-30 | $60.88M | 7.00% |
| 2021-03-31 | $56.89M | 3.90% |
| 2020-12-31 | $54.76M | 2.63% |
| 2020-09-30 | $53.35M | 12.20% |
| 2020-06-30 | $47.55M | - |
| 2020-03-31 | $47.55M | - |
Clearwater Analytics generated $205.11M in revenue during Q3 2025, up 12.74% compared to the previous quarter, and up 192.07% compared to the same period a year ago.
Clearwater Analytics Revenue Breakdown
Clearwater Analytics Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 25 | Dec 24 | Dec 23 |
|---|---|---|---|
| Reportable Segment | $731.37M | - | - |
| License | - | $3.80M | $6.60M |
Clearwater Analytics's latest annual revenue breakdown by segment (product or service), as of Dec 25: Reportable Segment (100.00%).
Quarterly Revenue by Product
| Product/Service | Dec 25 | Sep 25 | Jun 25 | Mar 25 |
|---|---|---|---|---|
| Reportable Segment | $217.46M | $205.11M | $181.94M | $126.86M |
Clearwater Analytics's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Reportable Segment (100.00%).
Clearwater Analytics Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Non-US | $185.99M | $83.28M | $67.84M | $41.67M | $22.54M |
| UNITED STATES | $545.38M | $368.52M | $300.33M | $261.75M | $229.48M |
Clearwater Analytics's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (74.57%), and Non-US (25.43%).
Quarterly Revenue by Country
| Country | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $158.40M | $149.54M | $134.49M | $102.94M | $102.93M | $94.52M | $87.94M | $83.14M | $79.36M | $76.70M | $74.20M | $70.06M | $72.45M | $65.42M | $62.12M | $61.78M | $62.72M | $59.45M |
| Non-US | $59.05M | $55.57M | $47.45M | $23.93M | $23.54M | $21.31M | $18.85M | $19.58M | $19.66M | $17.96M | $15.68M | $14.55M | $10.24M | $11.13M | $11.29M | $9.00M | $7.05M | $5.04M |
Clearwater Analytics's latest quarterly revenue breakdown by geography, as of Dec 25: UNITED STATES (72.84%), and Non-US (27.16%).
Clearwater Analytics Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| INGM | Ingram Micro | $52.56B | $12.60B |
| WEX | WEX | $2.66B | $691.80M |
| ACIW | ACI Worldwide | $1.76B | $482.36M |
| BILL | Bill.com | $1.46B | $414.67M |
| ZETA | Zeta Global | $1.30B | $337.17M |
| WK | Workiva | $884.57M | $215.19M |
| CWAN | Clearwater Analytics | $731.37M | $205.11M |
| FROG | JFrog | $531.84M | $136.91M |
| BULL | Webull Corporation Class A Ordinary Shares | $390.23M | $107.70M |
| BTDR | Bitdeer Technologies Group | $368.55M | $119.51M |
| DGNX | Diginex | $1.30M | - |