Company: CWAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001866368-25-000018
Chunk: 18

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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Item 1. Condensed Consolidated Financial Statements (unaudited).

1

Table of Contents

Clearwater Analytics Holdings, Inc.

Condensed Consolidated Balance Sheets

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

June 30December 3120252024AssetsCurrent assets:Cash and cash equivalents$68,404 $177,350 Short-term investments3,518 78,139 Accounts receivable, net148,020 106,151 Prepaid expenses and other current assets37,656 23,006 Total current assets257,598 384,646 Property, equipment and software, net24,554 14,797 Operating lease right-of-use assets, net43,657 24,797 Deferred contract costs, non-current7,926 7,013 Debt issuance costs - line of credit3,874 339 Deferred tax assets, net669,660 602,500 Other non-current assets6,159 3,340 Intangible assets, net740,534 30,868 Goodwill1,267,261 70,971 Long-term investments— 30,301 Total assets$3,021,223 $1,169,572 Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$6,141 $2,934 Accrued expenses and other current liabilities79,238 55,654 Deferred revenue20,811 7,329 Notes payable, current portion6,000 2,750 Operating lease liability, current portion15,463 8,350 Tax receivable agreement liability— 35 Total current liabilities127,653 77,052 Notes payable, less current maturities and unamortized debt issuance costs872,096 43,164 Operating lease liability, less current portion31,311 17,655 Other long-term liabilities2,193 1,470 Total liabilities1,033,253 139,341 Stockholders' EquityClass A common stock, par value $0.001 per share; 1,500,000,000 shares authorized, 287,637,289 shares issued and outstanding as of June 30, 2025, 212,857,580 shares issued and outstanding as of December 31, 2024288 213 Class B common stock, par value $0.001 per share; 500,000,000 shares