Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 22

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 4,506,422 share issued and outstanding as of September 30, 2025, no shares issued and outstanding as of December 31, 20245 — Class C common stock, par value $0.001 per share; 452,622,413 shares authorized, no shares issued and outstanding as of September 30, 2025, 500,000,000 shares authorized, 12,542,110 shares issued and outstanding as of December 31, 2024— 13 Class D common stock, par value $0.001 per share; 369,916,245 shares authorized, no shares issued and outstanding as of September 30, 2025, 500,000,000 shares authorized, 22,243,668 shares issued and outstanding as of December 31, 2024— 22 Additional paid-in-capital1,712,800 725,174 Accumulated other comprehensive income (loss)7,448 (1,113)Retained earnings261,009 283,946 Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc.1,981,550 1,008,255 Non-controlling interests20,001 21,976 Total stockholders' equity2,001,551 1,030,231 Total liabilities and stockholders' equity$2,990,512 $1,169,572 

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

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Table of Contents

Clearwater Analytics Holdings, Inc.

Condensed Consolidated Statements of Operations

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

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue$205,110 $115,828 $513,911 $325,338 Cost of revenue(1)70,638 31,357 167,984 89,426 Gross profit134,472 84,471 345,927 235,912 Operating expenses:Research and development(1)52,065 36,618 139,219 109,654 Sales and marketing(1)44,471 17,889 103,323 49,369 General and administrative(1)31,382 22,626 104,328 65,873 Total operating expenses127,918 77,133 346,870