Company: CWAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001866368-25-000018
Chunk: 24

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 —— 5 — — — 6 Restricted stock units released199,874— —— —— —— — — — — — Shares withheld for net share settlement and other(638,679)(1)—— —— —— (3,824)— — (482)(4,307)ESPP shares issued173,268— —— —— —— 2,482 — — 313 2,795 Equity-based compensation—— —— —— —— 22,205 — — 2,800 25,005 Foreign currency translation adjustment—— —— —— —— — (429)— (54)(483)Unrealized loss on available-for-sale investments—— —— —— —— — (53)— (7)(60)Net income (loss)—— —— —— —— — — (430)706 276 Accrued tax distributions payable to Continuing Equity Owners—— —— —— —— — — — (776)(776)Effect of LLC unit / share exchanges13,661,11914 —— —— (13,661,119)(14)— — (17)17 — Balance at June 30, 2024160,421,799$160 111,191$— 27,424,288$27 58,304,726$58 $549,580 $832 $(170,050)$48,064 $428,671 

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

6

Clearwater Analytics Holdings, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands, unaudited)

Six Months Ended June 30,20252024OPERATING ACTIVITIESNet income (loss)$(17,215)$2,511 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization26,752 5,491 Noncash operating lease cost7,018 4,545 Equity-based compensation61,260 49,083 Amortization of deferred contract acquisition costs3,103 2,413 Amortization of debt issuance costs, included in interest expense816 140 Debt extinguishment cost419 — Deferred tax benefit(491)(1,992)Accret