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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 731,368 | 451,803 | 368,168 | 303,426 | 252,022 | 203,222 | 168,001 |
| Cost of revenue | 239,220 | 122,987 | 107,127 | 87,784 | 67,864 | 53,263 | 47,145 |
| Gross profit | 492,148 | 328,816 | 261,041 | 215,642 | 184,158 | 149,959 | 120,856 |
| Operating expenses: | |||||||
| Research and development | 196,228 | 150,558 | 123,925 | 94,120 | 72,690 | 55,262 | 39,275 |
| Sales and marketing | 149,180 | 67,254 | 60,365 | 52,638 | 39,065 | 22,243 | 19,082 |
| General and administrative | 154,426 | 98,770 | 93,496 | 63,767 | 43,942 | 43,874 | 36,802 |
| Recapitalization compensation expenses | — | — | — | — | — | 48,998,000 | — |
| Total operating expenses | 499,834 | 316,582 | 277,786 | 210,525 | 155,697 | 170,377 | 95,159 |
| Income (loss) from operations | (7,686) | 12,234 | (16,745) | 5,117 | 28,461 | (20,418) | 25,697 |
| Interest expense, net | — | — | — | — | 25,682,000 | 22,854,000 | 17,807,000 |
| Interest (income) expense, net | — | — | (6,401) | (1,137) | — | 22,854 | — |
| Tax receivable agreement expense | — | — | 14,396 | 11,639 | — | — | — |
| Loss on debt extinguishment | — | — | 0 | — | 10,303 | — | — |
| Interest expense | 45,664 | (8,621) | — | — | — | — | — |
| Tax receivable agreement expense | 0 | 53,181 | — | — | — | — | — |
| Other income, net | (3,678) | (2,263) | (1,874) | (50) | 83 | 56 | 85 |
| Loss before income taxes | (49,672) | (30,063) | (22,866) | (5,335) | (7,607) | (43,328) | 7,805 |
| Provision for (benefit from) income taxes | (9,418) | (457,648) | 217 | 1,360 | 487 | 902 | 73 |
| Net income (loss) | (40,254) | 427,585 | (23,083) | (6,695) | (8,094) | (44,230) | 7,732 |
| Less: Net income (loss) attributable to non-controlling interests | (1,447) | 3,207 | (1,456) | 1,272 | 119 | — | — |
| Net income (loss) attributable to Clearwater Analytics Holdings, Inc. | (38,807) | 424,378 | (21,627) | (7,967) | (8,213) | — | — |
| Basic and diluted | — | — | — | — | (0.05) | — | — |
| 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 | 177,680,507 | — | — |
| Diluted (in shares) | 271,323,558 | 254,362,539 | 199,691,873 | 185,560,683 | 236,209,204 | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.