Company: CWAN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008169
Chunk: 88

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 88
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283,946 (181,331)Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc.1,008,255 354,329 Non-controlling interests21,976 55,328 Total stockholders' equity1,030,231 409,657 Total liabilities and stockholders' equity$1,169,572 $558,743 

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

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Table of Contents

Clearwater Analytics Holdings, Inc.

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

Year Ended December 31,202420232022Revenue$451,803 $368,168 $303,426 Cost of revenue(1)122,987 107,127 87,784 Gross profit328,816 261,041 215,642 Operating expenses:Research and development(1)150,558 123,925 94,120 Sales and marketing(1)67,254 60,365 52,638 General and administrative(1)98,770 93,496 63,767 Total operating expenses316,582 277,786 210,525 Income (loss) from operations12,234 (16,745)5,117 Interest income, net(8,621)(6,401)(1,137)Tax receivable agreement expense53,181 14,396 11,639 Other income, net(2,263)(1,874)(50)Loss before income taxes(30,063)(22,866)(5,335)Provision for (benefit from) income taxes(457,648)217 1,360 Net income (loss)427,585 (23,083)(6,695)Less: Net income (loss) attributable to non-controlling interests3,207 (1,456)1,272 Net income (loss) attributable to Clearwater AnalyticsHoldings, Inc.$424,378 $(21,627)$(7,967)Net earnings (loss) per share attributable to Class A and Class D common stock (Note 13):Basic$1.93 $(0.11)$(0.04)Diluted$1.68 $(0.11)$(0.04)Weighted average shares of Class A and Class D common stockoutstanding:Basic219,316,625199,691