Company: CWAN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021833
Chunk: 17

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 to non-controlling interests426 338 Net income attributable to Clearwater Analytics Holdings, Inc.$6,510 $1,898 Net income per share attributable to Class A and Class D common stockholders stock:Basic$0.03 $0.01 Diluted$0.03 $0.01 Weighted average shares of Class A and Class D common stock outstanding:Basic237,324,564213,259,463Diluted246,212,517255,458,196

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

Cost of revenue$3,464 $3,146 Operating expenses:Research and development8,698 8,911 Sales and marketing4,009 3,821 General and administrative7,541 8,347 Total equity-based compensation expense$23,712 $24,225 

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

3

Condensed Consolidated Statements of Comprehensive Income

(In thousands, unaudited)

Three Months EndedMarch 31,20252024Net income$6,936 $2,236 Other comprehensive income, net of taxes:Foreign currency translation adjustment3,402 (1,764)Unrealized loss on available-for-sale investments(148)(66)Comprehensive income$10,190 $406 Less: Comprehensive income attributable to non-controlling interests589 103 Comprehensive income attributable to Clearwater Analytics Holdings, Inc.$9,601 $303 

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

4

Condensed Consolidated Statements of Changes in Equity

(In thousands, except share amounts, unaudited)

Class AShares Class AAmountClass BShares Class BAmount Class CSharesClass CAmountClass DSharesClass DAmountAdditionalPaid inCapital AccumulatedOtherComprehensiveIncome (Loss)Retained Earnings Non-controlling Interest Totalstockholders'equity Balance at December 31, 2024212,857,580$213 — $— 12,542,110$13 22,243,668$22 $725,174 $(1,113)$283,946 $21,976 $1,030,231 Issuance of common stock3,833,3334 —— —— —— 102,729 — — — 102,733 Exercise of options to purchase common stock688