Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 30

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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-for-sale investments89,479 — Proceeds from maturities of investments20,375 86,867 Acquisition of businesses, net of cash acquired(1,074,783)(40,121)Payment of asset acquisition holdback liability(10,000)— Payment of initial direct costs for operating leases(89)(104)Net cash used in investing activities(988,455)(54,772)FINANCING ACTIVITIESProceeds from exercise of options168 210 Taxes paid related to net share settlement of equity awards(32,232)(42,663)Repurchase of common stock(8,503)— Proceeds from borrowings, net of payment of debt issuance costs924,475 — Repayments of borrowings(137,063)(2,062)Payment of business acquisition holdback liability— (780)Proceeds from employee stock purchase plan3,316 2,795 Payment of tax distributions— (25)Net cash provided by (used in) financing activities750,161 (42,525)Effect of exchange rate changes on cash and cash equivalents1,129 706 

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Change in cash and cash equivalents during the period(116,600)6,929 Cash and cash equivalents, beginning of period177,350 221,765 Cash and cash equivalents, end of period$60,750 $228,694 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid for interest$16,892 $2,627 Cash paid for income taxes$1,166 $1,179 NON-CASH INVESTING AND FINANCING ACTIVITIESPurchase of property, equipment and software included in accounts payable and accrued expense$54 $25 Acquisition of Bistro intangible assets paid in common stock$102,729 $— Repurchase of common stock included in accrued expenses and other liabilities$360 $— Business acquisition liability included in accrued expenses and other liabilities$62 $— Tax distributions payable to Continuing Equity Owners included in accrued expenses$2 $3,889 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Clearwater Analytics Holdings, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

Note 1. Organization and Description of Business

Clearwater Analytics Holdings, Inc. (the “Company” or “CWAN”) was incorporated as a Delaware corporation on May