Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 29

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 — — — — — — (697)(697)

7

Effect of ownership changes10,866,160 11 (111,191)— — — (10,754,969)(11)— — 464 (464)— Balance at September 30, 2024172,013,431$172 0$— 27,424,288$27 47,549,757$48 $564,331 $4,626 $(165,957)$50,372 453,619 

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

8

Clearwater Analytics Holdings, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands, unaudited)

Nine Months Ended September 30,20252024OPERATING ACTIVITIESNet income (loss)$(27,729)$7,280 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization56,052 8,730 Noncash operating lease cost12,299 6,900 Equity-based compensation94,730 75,059 Amortization of deferred contract acquisition costs7,125 3,573 Amortization of debt issuance costs, included in interest expense1,793 209 Debt extinguishment cost419 — Deferred tax benefit(2,730)(3,076)Accretion of discount on investments(284)(1,732)Realized (gain) loss on investments(112)24 Changes in operating assets and liabilities, net of acquisitions:Accounts receivable, net5,574 (7,875)Prepaid expenses and other assets(8,620)2,561 Deferred contract acquisition costs(8,711)(3,416)Accounts payable(1,965)1,586 Accrued expenses and other liabilities(6,150)3,763 Tax receivable agreement liability(35)9,934 Other long-term liabilities(1,091)— Net cash provided by operating activities120,565 103,520 INVESTING ACTIVITIESPurchases of property, equipment and software(8,512)(4,437)Purchases of intangible assets (239)— Purchase of held to maturity investments(4,686)(3,009)Purchases of available-for-sale investments— (93,968)Proceeds from sale of available