Company: CWAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001866368-25-000018
Chunk: 81

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 (the “Bistro Asset Acquisition”). The purchase price for the Bistro Asset Acquisition was $112.7 million, consisting of an aggregate of 3,833,333 shares of Class A common stock, issued at the time of the closing of the Bistro Asset Acquisition, with a fair value of $102.7 million and $10 million that was paid in cash on June 30, 2025. The following table presents details of the fair values of identified intangible assets acquired (in thousands, except years): Fair ValueEstimated Useful LifeBlackstone Commercial Agreement$98,078 7 yearsDeveloped Technology - BISTRO14,655 7 yearsTotal$112,733 

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The following table presents details of our purchased intangible assets as of June 30, 2025 and December 31, 2024 (in thousands):June 30, 2025Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Useful Life (In Years)Intangible assets with finite lives:Developed technology$582,079 $(26,647)$555,432 6.9Commercial agreement98,078 (3,503)94,575 6.8Client relationships79,655 (2,426)77,229 9.8Trade name / Trademarks14,102 (987)13,115 4.3Domain name190 (7)183 4.8Total intangible assets$774,104 $(33,570)$740,534 December 31, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Useful Life (In Years)Intangible assets with finite lives:Developed technology$34,366 $(8,617)$25,749 4.9Client relationships5,619 (769)4,850 10.7Trade name / Trademarks662 (393)269 2.3Total intangible assets$40,647 $(9,779)$30,868 We recognized amortization expense of $21.1 million and $1.4 million for the three months ended June 30, 2025 and 2024, respectively, and of $22.6 million and $2.5 million for the six months ended June 30, 2025 and 2024, respectively.

Note 7. Supplemental Consolidated Balance Sheet Information

Accounts