Company / Cost of Revenue
Clearwater Analytics Holdings, Inc. Cost of Revenue History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$239.2M
FY2025
5-year range
$67.9M / $239.2M
FY2021-FY2025
Trend
+94.5%
vs FY2024
Sector context
#190 of 274
Information Technology
What the data says
At $239M, Clearwater Analytics Holdings, Inc.'s cost of revenue ranks #85 of 274 in the Information Technology sector. Cost of Revenue has increased for 6 consecutive years, from $47M in FY2019 to $239M in FY2025.
Based on SEC 10-K filings.
$239M in FY2025 with a 5-year CAGR of +35.0%.
Increased from $107M to $239M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +39.7%
- 5-Year CAGR
- +35.0%
- 10-Year CAGR
- -
Sector benchmark
#85 of 274 in Information TechnologyTop 31% of 274This company $239.2M Sector average $3.9B
▼
-93.9% below sector average
Key checks
Key Insights
- Clearwater Analytics Holdings, Inc.'s cost of revenue has grown for 6 consecutive years.
- 5-year CAGR of +35.0%, indicating consistent growth.
- In FY2025, cost of revenue increased 94.5% year-over-year.
- Ranks #190 out of 274 companies in the Information Technology sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 1.18 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $239.2M | +94.5% |
| FY2024 | $123.0M | +14.8% |
| FY2023 | $107.1M | +22.0% |
| FY2022 | $87.8M | +29.4% |
| FY2021 | $67.9M | +27.4% |
| FY2020 | $53.3M | +13.0% |
| FY2019 | $47.1M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026