CWAN · As filed with the SEC
Clearwater Analytics Holdings cash flow statement, by quarter
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.
Condensed Consolidated Statements of Cash Flows · USD thousands
| USD thousands | Q1 2026 3 months ended Mar 31, 2026 | Q4 2025† 3 months ended Dec 31, 2025 | Q3 2025† 3 months ended Sep 30, 2025 | Q2 2025† 3 months ended Jun 30, 2025 | Q1 2025 3 months ended Mar 31, 2025 | Q4 2024† 3 months ended Dec 31, 2024 | Q3 2024† 3 months ended Sep 30, 2024 | Q2 2024† 3 months ended Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||||||
| Net income (loss) | (2,796) | (12,525)† | (10,514)† | (24,151)† | 6,936 | 420,305† | 4,769† | 275† |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 29,557 | 29,489† | 29,300† | 23,606† | 3,146 | 3,451† | 3,239† | 2,941† |
| Noncash operating lease cost | 4,123 | 4,383† | 5,281† | 4,643† | 2,375 | 2,321† | 2,355† | 2,313† |
| Equity-based compensation | 28,575 | 33,166† | 33,470† | 37,548† | 23,712 | 28,142† | 25,976† | 24,858† |
| Amortization of deferred contract acquisition costs | 3,121 | 4,362† | 4,022† | 1,753† | 1,350 | 1,692† | 1,160† | 1,196† |
| Amortization of debt issuance costs, included in interest expense | 954 | 977† | 977† | 747† | 69 | 71† | 69† | 71† |
| Debt extinguishment costs | — | 0† | 0† | — | — | 0† | 0† | — |
| Provision for bad debt | 216 | — | — | — | — | — | — | — |
| Deferred tax (benefit) expense | (2,000) | (9,877)† | (2,239)† | (1,741)† | 1,250 | (456,956)† | (1,084)† | (970)† |
| Accretion of discount on investments | 0 | 0† | 0† | 0† | (284) | (453)† | (555)† | (603)† |
| Realized gain on investments | 0 | 0† | 0† | 0† | (112) | (59)† | 0† | 24† |
| Gain on disposal of fixed assets | (80) | — | — | — | — | — | — | — |
| Changes in operating assets and liabilities, net of acquisitions: | ||||||||
| Accounts receivable, net | (2,498) | (16,722)† | (4,771)† | 15,641† | (5,296) | (5,773)† | (3,157)† | (42)† |
| Prepaid expenses and other assets | (4,078) | (2,539)† | 2,802† | (8,846)† | (2,576) | 3,066† | 3,654† | 3,105† |
| Deferred contract acquisition costs | (3,006) | (8,325)† | (5,355)† | (3,363)† | 7 | (2,826)† | (1,645)† | (1,024)† |
| Accounts payable | (2,458) | 624† | (2,815)† | 1,768† | (918) | (1,317)† | 1,251† | 326† |
| Accrued expenses and other liabilities | (32,824) | 28,599† | (1,101)† | 75† | (5,124) | 7,864† | 7,946† | 5,261† |
| Tax receivable agreement liability | — | — | 0† | 0† | (35) | — | 5,579† | 6,195† |
| Tax receivable agreement liability | 0 | — | — | — | — | (28,793)† | 5,579† | — |
| Other long-term liabilities | 869 | 1,554† | (73)† | (1,018)† | — | 0† | 0† | — |
| Net cash provided by operating activities | 17,675 | 55,331† | 48,984† | 47,081† | 24,500 | (29,199)† | 49,557† | 43,926† |
| INVESTING ACTIVITIES | ||||||||
| Purchases of property, equipment and software | (6,440) | (3,042)† | (4,057)† | (2,987)† | (1,468) | (822)† | (1,490)† | (1,509)† |
| Purchases of intangible assets | — | (10,000)† | (55)† | (102,913)† | 102,729 | 0† | 0† | 0† |
| Acquisition holdback liability included in accrued expenses and other liabilities | — | — | — | — | 10,000 | — | — | — |
| Purchase of held to maturity investments | 0 | 0† | 0† | 0† | (4,686) | 0† | 0† | (3,009)† |
| Purchase of available-for-sale investments | — | 0† | 0† | 0† | 0 | (20,604)† | (26,578)† | (35,492)† |
| Proceeds from sale of available-for-sale investments | 0 | 0† | 0† | 0† | 89,479 | 0† | 0† | 0† |
| Proceeds from maturities of investments | 0 | 3,341† | 0† | 4,175† | 16,200 | 20,550† | 27,025† | 38,306† |
| Acquisition of business, net of cash acquired | — | 29† | 0† | — | — | 0† | 0† | — |
| Payment of asset acquisition holdback liability | — | — | 0† | — | — | — | 0† | — |
| Payment of initial direct costs for operating leases | — | — | 0† | — | — | — | 0† | — |
| Payment of initial direct costs for operating lease | — | — | — | — | — | 0† | 0† | — |
| Net cash (used in) provided by investing activities | (6,440) | 328† | (4,112)† | (1,083,868)† | 99,525 | (876)† | (1,043)† | (41,929)† |
| FINANCING ACTIVITIES | ||||||||
| Proceeds from exercise of options | — | 0† | 0† | 168† | 0 | 38† | 101† | 5† |
| Taxes paid related to net share settlement of equity awards | (2,248) | (1,517)† | (2,893)† | (4,937)† | (24,402) | (12,638)† | (9,582)† | (4,307)† |
| Proceeds from employee stock purchase plan | — | — | — | — | — | 1,898† | 0† | — |
| Repurchase of common stock | — | (9,551)† | — | — | — | 0† | — | — |
| Proceeds from borrowings, net of payment of debt issuance costs | — | 0† | 0† | — | — | 0† | 0† | — |
| Repayments of borrowings | (17,000) | (17,000)† | (40,000)† | (96,375)† | (688) | (688)† | (1,374)† | (1)† |
| Payment of tax distributions | — | — | — | — | — | (3,848)† | (17)† | — |
| Proceeds from employee stock purchase plan | — | 3,320† | 0† | — | — | 1,898† | 0† | — |
| Payment of tax distributions | — | 0† | 0† | 0† | 0 | (3,848)† | (17)† | 0† |
| Payment of business acquisition holdback liability | — | 0† | 0† | 0† | 0 | (3,905)† | 0† | 0† |
| Payment of debt issuance costs | 0 | — | — | — | (2,159) | — | — | — |
| Net cash used in financing activities | (19,248) | (24,748)† | (51,396)† | 828,806† | (27,249) | (19,143)† | (10,872)† | (1,508)† |
| Effect of exchange rate changes on cash and cash equivalents | (1,725) | (416)† | (1,130)† | 1,226† | 1,033 | (2,126)† | 957† | (38)† |
| Change in cash and cash equivalents during the period | (9,738) | 30,495† | (7,654)† | (206,755)† | 97,809 | (51,344)† | 38,599† | 451† |
| Cash and cash equivalents, beginning of period | 91,245 | 60,750 | 68,404 | 275,159 | 177,350 | 228,694 | 190,095 | 189,644 |
| Cash and cash equivalents, end of period | 81,507 | 91,245 | 60,750 | 68,404 | 275,159 | 177,350 | 228,694 | 190,095 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||||||
| Cash paid for interest | 21,708 | 14,250† | 15,137† | 473† | 1,282 | 837† | 865† | 851† |
| Cash paid for income taxes | 1,154 | 2,320† | 310† | 273† | 583 | 800† | 589† | 145† |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||
| Purchase of property, equipment and software included in accounts payable and accrued expense | 202 | 156† | (10)† | 0† | 64 | 13† | (30)† | (28)† |
| Release of tax distributions payable to Continuing Equity Owners accrued in prior year | — | — | — | — | (23) | — | — | — |
| Tax distributions payable to Continuing Equity Owners included in accrued expenses | 0 | 1† | (11)† | (16)† | 29 | (3,866)† | 680† | 776† |
| Acquisition of intangible assets paid in common stock | 0 | 0† | 0† | 0† | — | 0† | 0† | — |
| Business acquisition liability included in accrued expenses and other liabilities | — | — | (3,060)† | — | — | — | 0† | — |
| Acquisition holdback liability included in accrued expenses and other liabilities | 0 | — | — | — | — | — | — | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.