Company: CWAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001866368-25-000018
Chunk: 19

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 authorized, 4,506,422 share issued and outstanding as of June 30, 2025, no shares issued and outstanding as of December 31, 20245 — Class C common stock, par value $0.001 per share; 452,622,413 shares authorized, no shares issued and outstanding as of June 30, 2025, 500,000,000 shares authorized, 12,542,110 shares issued and outstanding as of December 31, 2024— 13 Class D common stock, par value $0.001 per share; 369,916,245 shares authorized, no shares issued and outstanding as of June 30, 2025, 500,000,000 shares authorized, 22,243,668 shares issued and outstanding as of December 31, 2024— 22 Additional paid-in-capital1,688,311 725,174 Accumulated other comprehensive income (loss)8,286 (1,113)Retained earnings270,689 283,946 Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc.1,967,579 1,008,255 Non-controlling interests20,391 21,976 Total stockholders' equity1,987,970 1,030,231 Total liabilities and stockholders' equity$3,021,223 $1,169,572 

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

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Table of Contents

Clearwater Analytics Holdings, Inc.

Condensed Consolidated Statements of Operations

(In thousands, except share amounts and per share amounts, unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Revenue$181,937 $106,791 $308,801 $209,510 Cost of revenue(1)63,423 29,890 97,347 58,069 Gross profit118,514 76,901 211,454 151,441 Operating expenses:Research and development(1)49,755 35,360 87,154 73,036 Sales and marketing(1)39,221 15,169 58,853 31,480 General and administrative(1)44,118 22,528 72,945 43,248 Total operating expenses133,094 73,057 218