Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 21

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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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)

September 30December 3120252024AssetsCurrent assets:Cash and cash equivalents$60,750 $177,350 Short-term investments3,398 78,139 Accounts receivable, net152,791 106,151 Prepaid expenses and other current assets33,871 23,006 Total current assets250,810 384,646 Property, equipment and software, net26,262 14,797 Operating lease right-of-use assets, net40,315 24,797 Deferred contract costs, non-current9,551 7,013 Debt issuance costs - line of credit3,670 339 Deferred tax assets, net671,801 602,500 Intangible assets, net714,118 30,868 Goodwill1,267,108 70,971 Long-term investments— 30,301 Other non-current assets6,877 3,340 Total assets$2,990,512 $1,169,572 Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$3,316 $2,934 Accrued expenses and other current liabilities83,610 55,654 Deferred revenue17,152 7,329 Notes payable, current portion8,000 2,750 Operating lease liability, current portion15,537 8,350 Tax receivable agreement liability— 35 Total current liabilities127,615 77,052 Notes payable, less current maturities and unamortized debt issuance costs830,869 43,164 Operating lease liability, less current portion28,448 17,655 Other long-term liabilities2,029 1,470 Total liabilities988,961 139,341 Stockholders' EquityClass A common stock, par value $0.001 per share; 1,500,000,000 shares authorized, 288,280,392 shares issued and outstanding as of September 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 authorized,