Company: CWAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001866368-25-000018
Chunk: 87

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 Months Ended June 30,20252024Weighted average remaining lease term3.413.84Weighted average discount rate6.01 %5.69 %Cash paid for amounts included in the measurement of lease liabilities$4,723 $4,459 Leased assets obtained in exchange for new lease liabilities$4,479 $9,159 

Note 10. Non-controlling Interest

The Company is the sole managing member of CWAN Holdings, and has the sole voting interest in, and control of the management of, CWAN Holdings. As a result, the Company consolidates the financial results of CWAN Holdings. The non-controlling interest on the Company’s condensed consolidated balance sheet relates to the interests of CWAN Holdings held by the Continuing Equity Owners. The ownership of the LLC interests is summarized as follows:June 30, 2025December 31, 2024SharesOwnership % SharesOwnership % Clearwater Analytics Holdings, Inc. interest in CWAN Holdings287,637,28998.5 %235,101,24894.9 %Continuing Equity Owners' interest in CWAN Holdings4,506,4221.5 %12,542,1105.1 %292,143,711100.0 %247,643,358100.0 %

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Note 11. Earnings (Loss) Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net earnings (loss) per share of Class A and Class D common stock for the periods presented (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Numerator:Net income (loss)$(24,151)$276 $(17,215)$2,511 Less: Net income (loss) attributable to non-controlling interests(926)706 (663)1,044 Net income (loss) attributable to Clearwater Analytics Holdings, Inc. - basic and diluted$(23,225)$(430)$(16,552)$1,467 The following tables set forth the computation of basic and diluted net earnings per share of Class A and Class D common stock (in thousands, except share amounts and per share amounts):Three Months Ended June 30, 2025Six Months Ended June 30, 2025Class AClass DClass AClass DBasic net loss attributable to Class A and Class D common stockholders