Company: CWAN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008169
Chunk: 89

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 89
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,873185,560,683Diluted254,362,539199,691,873185,560,683

(1)Amounts include equity-based compensation as follows:

Cost of revenue$13,634 $12,215 $9,043 Operating expenses:Research and development36,093 24,739 17,950 Sales and marketing15,304 15,843 12,711 General and administrative38,170 51,650 25,987 Total equity-based compensation expense$103,201 $104,447 $65,691 

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

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Consolidated Statements of Comprehensive Income (Loss)

(In thousands)

Year Ended December 31,202420232022Net income (loss)$427,585 $(23,083)$(6,695)Other comprehensive income (loss), net of taxes:Foreign currency translation adjustment(4,619)2,744 824 Unrealized gain on investments105 42 — Comprehensive income (loss)$423,071 $(20,297)$(5,871)Less: Comprehensive income (loss) attributable to non-controlling interests2,715 (970)1,453 Comprehensive income (loss) attributable to Clearwater Analytics Holdings, Inc.$420,356 $(19,327)$(7,324)

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

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Consolidated Statements of Changes in Equity (Deficit)

(In thousands, except share amounts)

Class ASharesClass AAmountClass BSharesClass BAmountClass CSharesClass CAmountClass DSharesClass DAmountAdditionalPaid inCapitalAccumulatedOtherComprehensiveIncome (Loss)Retained Earnings (AccumulatedDeficit)Non-controlling InterestTotalStockholders'EquityBalance at December 31, 2023127,604,185$128 111,191$— 32,684,156$33 82,955,977$83 $532,507 $2,909 $(181,331)$55,328 $409,657 Exercise of options to purchase common stock3,139,3473 — — — — — — 219 — — 26 248 Restricted stock units released4,394,4524 — — — — —