Company: CWAN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021833
Chunk: 15

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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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)

March 31December 3120252024AssetsCurrent assets:Cash and cash equivalents$275,159 $177,350 Short-term investments7,695 78,139 Accounts receivable, net111,447 106,151 Prepaid expenses and other current assets27,762 23,006 Total current assets422,063 384,646 Property and equipment, net14,747 14,797 Operating lease right-of-use assets, net23,124 24,797 Deferred contract costs, non-current5,985 7,013 Debt issuance costs - line of credit291 339 Deferred tax assets, net600,626 602,500 Other non-current assets2,990 3,340 Intangible assets, net142,869 30,868 Goodwill72,627 70,971 Long-term investments— 30,301 Total assets$1,285,322 $1,169,572 Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$2,042 $2,934 Accrued expenses and other current liabilities60,514 55,654 Deferred revenue9,061 7,329 Notes payable, current portion2,750 2,750 Operating lease liability, current portion8,584 8,350 Tax receivable agreement liability— 35 Total current liabilities82,951 77,052 Notes payable, less current maturities and unamortized debt issuance costs42,497 43,164 Operating lease liability, less current portion15,719 17,655 Other long-term liabilities1,548 1,470 Total liabilities142,715 139,341 Stockholders' EquityClass A common stock, par value $0.001 per share; 1,500,000,000 shares authorized, 226,434,329 shares issued and outstanding as of March 31, 2025, 212,857,580 shares issued and outstanding as of December 31, 2024226 213 Class B common stock, par value $0.001 per share; 500,000,000 shares authorized, no share issued and outstanding as