Company: CWAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001866368-25-000018
Chunk: 20

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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,952 147,764 Income (loss) from operations(14,580)3,844 (7,498)3,677 Interest expense13,464 1,082 14,383 2,181 Tax receivable agreement expense— 5,915 — 6,201 Other income, net(1,546)(3,508)(3,869)(7,197)Income (loss) before income taxes(26,498)355 (18,012)2,492 Provision for (benefit from) income taxes(2,347)79 (797)(19)Net income (loss)(24,151)276 (17,215)2,511 Less: Net income (loss) attributable to non-controlling interests(926)706 (663)1,044 Net income (loss) attributable to Clearwater Analytics Holdings, Inc.$(23,225)$(430)$(16,552)$1,467 Net income (loss) per share attributable to Class A and Class D common stockholders stock:Basic$(0.09)$(0.00)$(0.07)$0.01 Diluted$(0.09)$(0.00)$(0.07)$0.01 Weighted average shares of Class A and Class D common stock outstanding:Basic270,632,308218,349,567254,070,446215,804,515Diluted270,632,308218,349,567254,070,446254,208,965

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

Cost of revenue$4,619 $3,273 $8,083 $6,419 Operating expenses:Research and development8,792 9,182 17,490 18,093 Sales and marketing10,182 2,692 14,191 6,513 General and administrative13,955 9,711 21,496 18,058 Total equity-based compensation expense$37,548 $24,858 $61,260 $49,083 

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

3

Condensed Consolidated Statements of Comprehensive Income (Loss)

(In thousands, unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Net income (loss)$(24,151