Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 39

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 costs along with the consequential tax effects. Additionally, pro forma information has not been presented for Beacon as disclosure is impracticable due to the unavailability of historical quarterly financial statements. The information for the nine months ended September 30, 2025 does not include results of Beacon for comparability. Nine Months Ended September 30,20252024Revenue$559,106 $473,901 Net loss$(55,883)$(124,851)

The unaudited pro forma financial information presented above is for informational purposes only and is not indicative of the consolidated results of operations of the combined business had the acquisition of Enfusion actually occurred as of January 1, 2024, or of the results of future operations of the combined business. 

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Note 6. Goodwill and Intangible Assets

GoodwillThe following table presents details of our goodwill during the nine months ended September 30, 2025 (in thousands):AmountBalance as of December 31, 2024$70,971 Goodwill acquired1,190,923 Foreign currency translation adjustment5,486 Measurement period adjustment(272)Balance as of September 30, 2025$1,267,108 Purchased Intangible AssetsOn March 31, 2025, the Company completed its previously announced acquisition of Bistro, Blackstone’s proprietary portfolio visualization software platform built for Blackstone’s Credit & Insurance (BXCI) business (the “Bistro Asset Acquisition”). The purchase price for the Bistro Asset Acquisition was $112.7 million, consisting of an aggregate of 3,833,333 shares of Class A common stock, issued at the time of the closing of the Bistro Asset Acquisition, with a fair value of $102.7 million and $10 million that was paid in cash on June 30, 2025. The following table presents details of the fair values of identified intangible assets acquired (in thousands, except years): Fair ValueEstimated Useful LifeBlackstone Commercial Agreement$98,078 7 yearsDeveloped Technology - BISTRO14,655 7 yearsTotal$112,733 

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The following table presents details of our purchased intangible assets as of September 30, 2025 and December 31, 2024 (in thousands):September 30, 2025Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Useful Life (In Years)Intangible assets with finite lives: