Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 46

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 the financial results of CWAN Holdings. The non-controlling interest on the Company’s condensed consolidated balance sheet relates to the interests of CWAN Holdings held by the Continuing Equity Owners. The ownership of the LLC interests is summarized as follows:September 30, 2025December 31, 2024SharesOwnership % SharesOwnership % Clearwater Analytics Holdings, Inc. interest in CWAN Holdings288,280,39298.5 %235,101,24894.9 %Continuing Equity Owners' interest in CWAN Holdings4,506,4221.5 %12,542,1105.1 %292,786,814100.0 %247,643,358100.0 %

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Note 11. Earnings (Loss) Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net earnings (loss) per share of Class A and Class D common stock for the periods presented (in thousands):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Numerator:Net income (loss)$(10,514)$4,769 $(27,729)$7,280 Less: Net income (loss) attributable to non-controlling interests(179)1,140 (988)2,184 Net income (loss) attributable to Clearwater Analytics Holdings, Inc. - basic and diluted$(10,335)$3,629 $(26,741)$5,096 The following tables set forth the computation of basic and diluted net earnings per share of Class A and Class D common stock (in thousands, except share amounts and per share amounts):Three Months Ended September 30, 2025Nine Months Ended September 30, 2025Class AClass DClass AClass DBasic net loss attributable to Class A and Class D common stockholdersNumerator:Allocation of net loss attributable to Clearwater Analytics Holdings, Inc.$(10,335)$— $(25,729)$(1,012)Denominator:Weighted average number of shares of Class A and Class D common stock outstanding - basic287,979,411—255,445,71510,052,592Basic net loss per share attributable to Class A and Class D common stockholders$(0.04)$— $(0.10)$(0.10)Three Months Ended September 30, 2024Nine Months Ended September 30, 202