CWAN · As filed with the SEC
Clearwater Analytics Holdings income statement, by fiscal year
The statement as Clearwater Analytics Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | 731,368 | 451,803 | 368,168 | 303,426 |
| Cost of revenue | 239,220 | 122,987 | 107,127 | 87,784 |
| Gross profit | 492,148 | 328,816 | 261,041 | 215,642 |
| Operating expenses: | ||||
| Research and development | 196,228 | 150,558 | 123,925 | 94,120 |
| Sales and marketing | 149,180 | 67,254 | 60,365 | 52,638 |
| General and administrative | 154,426 | 98,770 | 93,496 | 63,767 |
| Total operating expenses | 499,834 | 316,582 | 277,786 | 210,525 |
| Income (loss) from operations | (7,686) | 12,234 | (16,745) | 5,117 |
| Interest (income) expense, net | — | — | (6,401) | (1,137) |
| Tax receivable agreement expense | — | — | 14,396 | 11,639 |
| Loss on debt extinguishment | — | — | 0 | — |
| Interest expense | 45,664 | (8,621) | — | — |
| Tax receivable agreement expense | 0 | 53,181 | — | — |
| Other income, net | (3,678) | (2,263) | (1,874) | (50) |
| Loss before income taxes | (49,672) | (30,063) | (22,866) | (5,335) |
| Provision for (benefit from) income taxes | (9,418) | (457,648) | 217 | 1,360 |
| Net income (loss) | (40,254) | 427,585 | (23,083) | (6,695) |
| Less: Net income (loss) attributable to non-controlling interests | (1,447) | 3,207 | (1,456) | 1,272 |
| Net income (loss) attributable to Clearwater Analytics Holdings, Inc. | (38,807) | 424,378 | (21,627) | (7,967) |
| Net earnings (loss) per share attributable to Class A and Class D common stock (Note 13): | ||||
| Basic (in USD per share) | (0.14) | 1.93 | (0.11) | (0.04) |
| Diluted (in USD per share) | (0.14) | 1.68 | (0.11) | (0.04) |
| Weighted average shares of Class A and Class D common stock outstanding: | ||||
| Basic (in shares) | 271,323,558 | 219,316,625 | 199,691,873 | 185,560,683 |
| Diluted (in shares) | 271,323,558 | 254,362,539 | 199,691,873 | 185,560,683 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.