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	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020
Assets
Current assets:
Cash and cash equivalents	91,245	177,350	221,765	250,724	254,597	61,088
Short-term investments	0	78,139	74,457	4,890	—	—
Accounts receivable, net	167,348	106,151	92,091	72,575	50,190	32,882
Prepaid expenses and other current assets	36,977	23,006	27,683	28,157	16,551	7,550
Total current assets	295,570	384,646	415,996	356,346	321,338	101,520
Property, equipment and software, net	26,607	14,797	15,349	15,064	10,738	8,849
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	5,687	4,580
Debt issuance costs - line of credit	3,467	339	533	728	922	420
Deferred tax assets, net	695,998	602,500	—	—	—	—
Other non-current assets	5,336	3,340	4,907	5,880	5,670	190
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	344,355	115,559
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	4,096	2,934	3,062	3,092	1,416	1,340
Accrued expenses and other current liabilities	112,249	62,983	49,535	42,119	27,032	33,789
Deferred revenue	21,860	—	—	—	—	—
Notes payable, current portion	8,000	2,750	2,750	2,750	2,750	3,077
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	31,198	38,206
Notes payable, less current maturities and unamortized debt issuance costs	814,643	43,164	45,828	48,492	51,157	421,827
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	132	134
Total liabilities	1,000,837	139,341	149,086	143,556	82,487	460,167
Members' Deficit	—	—	—	—	—	(245,806)
Class A Shares	291	213	128	61	48	—
Class B common stock	2	0	0	1	11	—
Class C	0	13	33	47	47	—
Class D	0	22	83	130	130	—
Additional paid-in-capital	1,754,387	725,174	532,507	455,320	388,591	(98,860)
Accumulated other comprehensive (loss) income	7,089	(1,113)	2,909	609	(34)	58
Retained earnings	259,963	283,946	(181,331)	(186,647)	(191,926)	—
Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc.	—	—	354,329	269,521	196,867	(344,608)
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	65,001	—
Total stockholders' equity	—	—	409,657	338,386	261,868	(344,608)
Total stockholders' equity	2,031,092	1,030,231	—	—	—	—
Total liabilities and stockholders' equity	3,031,929	1,169,572	558,743	481,942	344,355	115,559

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