CWAN · As filed with the SEC

Clearwater Analytics Holdings balance sheet, 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 Balance Sheets · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022
Assets
Current assets:
Cash and cash equivalents	91,245	177,350	221,765	250,724
Short-term investments	0	78,139	74,457	4,890
Accounts receivable, net	167,348	106,151	92,091	72,575
Prepaid expenses and other current assets	36,977	23,006	27,683	28,157
Total current assets	295,570	384,646	415,996	356,346
Property, equipment and software, net	26,607	14,797	15,349	15,064
Operating lease right-of-use assets, net	34,300	24,797	22,554	24,114
Deferred contract costs, non-current	13,017	7,013	6,439	6,563
Debt issuance costs - line of credit	3,467	339	533	728
Deferred tax assets, net	695,998	602,500	—	—
Other non-current assets	5,336	3,340	4,907	5,880
Intangible assets, net	687,578	30,868	26,132	29,456
Goodwill	1,270,056	70,971	45,338	43,791
Long-term investments	0	30,301	21,495	—
Total assets	3,031,929	1,169,572	558,743	481,942
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	4,096	2,934	3,062	3,092
Accrued expenses and other current liabilities	112,249	62,983	49,535	42,119
Deferred revenue	21,860	—	—	—
Notes payable, current portion	8,000	2,750	2,750	2,750
Operating lease liability, current portion	15,138	8,350	6,551	5,851
Tax receivable agreement liability	—	—	—	12,200,000
Tax receivable agreement liability	—	35	18,894	—
Tax receivable agreement liability	0	—	—	—
Total current liabilities	161,343	77,052	80,792	66,012
Notes payable, less current maturities and unamortized debt issuance costs	814,643	43,164	45,828	48,492
Operating lease liability, less current portion	22,555	17,655	16,948	19,505
Other long-term liabilities	2,296	1,470	5,518	9,547
Total liabilities	1,000,837	139,341	149,086	143,556
Stockholders' Equity
Class A Shares	291	213	128	61
Class B common stock	2	0	0	1
Class C	0	13	33	47
Class D	0	22	83	130
Additional paid-in-capital	1,754,387	725,174	532,507	455,320
Accumulated other comprehensive (loss) income	7,089	(1,113)	2,909	609
Retained earnings	259,963	283,946	(181,331)	(186,647)
Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc.	—	—	354,329	269,521
Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc.	2,021,732	1,008,255	—	—
Non-controlling interests	9,360	21,976	55,328	68,865
Total stockholders' equity	—	—	409,657	338,386
Total stockholders' equity	2,031,092	1,030,231	—	—
Total liabilities and stockholders' equity	3,031,929	1,169,572	558,743	481,942

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.