The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | -40,254 | 427,585 | -23,083 | -6,695 |
| Depreciation and amortization | 85,541 | 12,181 | 9,929 | 5,139 |
| Noncash operating lease cost | 16,682 | 9,221 | 7,619 | 5,950 |
| Equity-based compensation | 127,896 | 103,201 | 104,447 | 65,691 |
| Change in tax receivable liability | - | - | - | 12,200 |
| Amortization of deferred contract acquisition costs | 11,487 | 5,265 | 4,763 | 4,327 |
| Amortization of debt issuance costs, included in interest expense | 2,770 | 280 | 280 | 279 |
| Debt extinguishment costs | -419 | - | 0 | - |
| Provision for bad debt | 2,165 | - | - | - |
| Deferred tax benefit | -12,607 | -460,032 | -1,665 | -803 |
| Accretion of discount on investments | 284 | 2,185 | 1,474 | - |
| Realized gain on investments | 112 | 35 | 89 | - |
| Loss on fixed assets disposal | - | -66 | - | - |
| Accounts receivable, net | 11,148 | 13,648 | 19,298 | 19,098 |
| Prepaid expenses and other assets | 11,159 | -5,627 | -1,151 | 4,956 |
| Deferred contract acquisition costs | 17,036 | 6,242 | 5,067 | 5,845 |
| Accounts payable | -1,341 | 269 | -115 | 1,609 |
| Accrued expenses and other liabilities | 22,449 | 11,627 | 1,204 | 1,243 |
| Tax receivable agreement liability | -35 | -18,859 | 6,000 | - |
| Accrued sales tax liability | - | - | - | -1,036 |
| Other long-term liabilities | 463 | - | - | - |
| Net cash provided by operating activities | 175,896 | 74,321 | 84,602 | 58,005 |
| Purchases of property, equipment and software | 11,554 | 5,259 | 5,624 | 7,758 |
| Purchases of intangible assets | 10,239 | - | - | - |
| Purchase of held to maturity investments | 4,686 | 3,009 | 3,004 | - |
| Purchase of available-for-sale investments | 0 | 114,572 | 124,178 | - |
| Proceeds from sale of available-for-sale investments | 89,479 | 0 | 5,950 | - |
| Purchase of short-term investments | - | - | - | 3,000 |
| Proceeds from maturities of investments | 23,716 | 107,417 | 31,801 | - |
| Acquisition of business, net of cash acquired | 1,074,754 | 40,121 | 0 | 65,793 |
| Payment of initial direct costs for operating lease | 89 | 104 | - | - |
| Net cash used in investing activities | -988,127 | -55,648 | -95,055 | -76,551 |
| Proceeds from issuance of common unit options | - | - | 0 | - |
| Proceeds from exercise of options | 168 | 248 | 4,738 | 18,284 |
| Taxes paid related to net share settlement of equity awards | 33,749 | 55,301 | 20,784 | 3,189 |
| Repurchase of common stock | 18,054 | - | 0 | - |
| Proceeds from employee stock purchase plan | - | 4,693 | 4,588 | 4,215 |
| Proceeds from borrowings, net of payment of debt issuance costs | 924,475 | - | - | - |
| Repayments of borrowings | 154,063 | 2,750 | 2,749 | 2,750 |
| Payments of costs associated with early repayment of debt | - | - | 0 | - |
| Proceeds from borrowings | - | - | 0 | - |
| Payment of debt issuance costs | - | - | 0 | - |
| Proceeds from initial public offering, net of underwriting discounts | - | - | 0 | - |
| Payment of costs associated with offering | - | 0 | 0 | 214 |
| Proceeds from employee stock purchase plan | 6,636 | - | - | - |
| Payment of tax distributions | 0 | 3,873 | 2,184 | 117 |
| Payment of business acquisition holdback liability | 0 | 4,685 | 2,900 | - |
| Net cash provided by (used in) financing activities | 725,413 | -61,668 | -19,291 | 16,229 |
| Effect of exchange rate changes on cash and cash equivalents | 713 | -1,420 | 785 | -1,556 |
| Change in cash and cash equivalents during the period | -86,105 | -44,415 | -28,959 | -3,873 |
| Cash and cash equivalents at beginning of period | 177,350 | 221,765 | 250,724 | 254,597 |
| Cash and cash equivalents at end of period | 91,245 | 177,350 | 221,765 | 250,724 |
Clearwater Analytics Holdings, Inc. (CWAN)
Clearwater Analytics Holdings, Inc. (CWAN)