| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | -2,796 | -12,525 | -10,514 | -24,151 |
| Depreciation and amortization | 29,557 | 29,489 | 29,300 | 23,606 |
| Noncash operating lease cost | 4,123 | 4,383 | 5,281 | 4,643 |
| Equity-based compensation | 28,575 | 33,166 | 33,470 | 37,548 |
| Amortization of deferred contract acquisition costs | 3,121 | 4,362 | 4,022 | 1,753 |
| Amortization of debt issuance costs, included in interest expense | 954 | 977 | 977 | 747 |
| Debt extinguishment costs | NaN | 0 | 0 | -419 |
| Provision for bad debt | 216 | 2,165 | NaN | NaN |
| Deferred tax (benefit) expense | -2,000 | -9,877 | -2,239 | -1,741 |
| Accretion of discount on investments | 0 | 0 | 0 | 0 |
| Realized gain on investments | 0 | 0 | 0 | 0 |
| Gain on disposal of fixed assets | 80 | NaN | NaN | NaN |
| Accounts receivable, net | 2,498 | 16,722 | 4,771 | -15,641 |
| Prepaid expenses and other assets | 4,078 | 2,539 | -2,802 | 8,846 |
| Deferred contract acquisition costs | 3,006 | 8,325 | 5,355 | 3,363 |
| Accounts payable | -2,458 | 624 | -2,815 | 1,768 |
| Accrued expenses and other liabilities | -32,824 | 28,599 | -1,101 | 75 |
| Tax receivable agreement liability | 0 | 0 | 0 | -35 |
| Other long-term liabilities | 869 | 1,554 | -73 | -1,018 |
| Net cash provided by operating activities | 17,675 | 55,331 | 48,984 | 47,081 |
| Purchases of property, equipment and software | 6,440 | 3,042 | 4,057 | 2,987 |
| Purchases of intangible assets | NaN | 10,000 | 55 | 184 |
| Purchase of held to maturity investments | 0 | 0 | 0 | 0 |
| Purchase of available-for-sale investments | NaN | 0 | 0 | 0 |
| Proceeds from sale of available-for-sale investments | 0 | 0 | 0 | 0 |
| Proceeds from maturities of investments | 0 | 3,341 | 0 | 4,175 |
| Acquisition of business, net of cash acquired | NaN | -29 | 0 | 1,074,783 |
| Payment of asset acquisition holdback liability | NaN | NaN | 0 | 10,000 |
| Payment of initial direct costs for operating leases | NaN | NaN | 0 | 89 |
| Payment of initial direct costs for operating lease | NaN | 89 | NaN | NaN |
| Net cash (used in) provided by investing activities | -6,440 | 328 | -4,112 | -1,083,868 |
| Proceeds from exercise of options | NaN | 0 | 0 | 168 |
| Taxes paid related to net share settlement of equity awards | 2,248 | 1,517 | 2,893 | 4,937 |
| Repurchase of common stock | NaN | 9,551 | 8,503 | NaN |
| Proceeds from borrowings, net of payment of debt issuance costs | NaN | 0 | 0 | 924,475 |
| Repayments of borrowings | 17,000 | 17,000 | 40,000 | 96,375 |
| Proceeds from employee stock purchase plan | NaN | 3,320 | 0 | 3,316 |
| Payment of tax distributions | NaN | 0 | 0 | 0 |
| Payment of business acquisition holdback liability | NaN | 0 | 0 | 0 |
| Payment of debt issuance costs | 0 | NaN | NaN | NaN |
| Net cash used in financing activities | -19,248 | -24,748 | -51,396 | 828,806 |
| Effect of exchange rate changes on cash and cash equivalents | -1,725 | -416 | -1,130 | 1,226 |
| Change in cash and cash equivalents during the period | -9,738 | 30,495 | -7,654 | -206,755 |
| Cash and cash equivalents, beginning of period | 91,245 | 60,750 | 68,404 | 275,159 |
| Cash and cash equivalents, end of period | 81,507 | 91,245 | 60,750 | 68,404 |
Clearwater Analytics Holdings, Inc. (CWAN)
Clearwater Analytics Holdings, Inc. (CWAN)