Company: CWAN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021833
Chunk: 59

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 that are partially satisfied (in thousands):  Remainder of 20252026202720282029 and ThereafterRevenue expected to be recognized in the future as of March 31, 2025$1,087 $461 $251 $111 $— Of the total revenue recognized for the three months ended March 31, 2025, $4.3 million was included in the deferred revenue balance as of December 31, 2024. Revenues recognized from performance obligations satisfied (or partially satisfied) in previous periods were not material. Contract asset balances classified as current are $1.3 million and $1.8 million as of March 31, 2025 and December 31, 2024, respectively. Contract asset balances classified as non-current are $0.2 million and $0.6 million as of March 31, 2025 and December 31, 2024, respectively.Revenue by geography as presented in Note 12 “Segment and Geographic Information” is determined based on the billing address of the customer.

Note 4. Cash, Cash Equivalents and Investments

The following tables show the Company’s cash, cash equivalents and investments by significant investment category as of March 31, 2025 and December 31, 2024 in accordance with the fair value hierarchy (in thousands):March 31, 2025Adjusted CostUnrealized GainsUnrealized LossesFair ValueCash and Cash EquivalentsShort-Term InvestmentsLong-Term InvestmentsCash$13,549 $— $— $13,549 $13,549 $— $— Level 1 (1):Money market funds$261,610 $— $— $261,610 $261,610 $— $— Level 2 (2):Certificates of deposit$3,009 $— $— $3,009 $— $3,009 $— Fixed deposits$4,686 $— $— $4,686 $— $4,686 $— Subtotal$7,695 $— $— $7,695 $— $7,695 $— Total$282,854 $— $— $282,854 $275,159 $7,695 $— 

9

December 31,