Clearwater Analytics Holdings, Inc. (CWAN) — Financial statements
Income statement, balance sheet, and cash flow for Clearwater Analytics Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 731↑61.9% | 452↑22.7% | 368↑21.3% | 303↑20.4% | 252 | |
| Cost of Revenue | 239↑94.5% | 123↑14.8% | 107↑22.0% | 88↑29.4% | 68 | |
| Gross Profit | 492↑49.7% | 329↑26.0% | 261↑21.1% | 216↑17.1% | 184 | |
| Operating Expenses | ||||||
| R&D Expenses | 196↑30.3% | 151↑21.5% | 124↑31.7% | 94↑29.5% | 73 | |
| General & Administrative Expenses | 154↑56.3% | 99↑5.6% | 93↑46.6% | 64↑45.1% | 44 | |
| Selling & Marketing Expenses | 149↑121.8% | 67↑11.4% | 60↑14.7% | 53↑34.7% | 39 | |
| SG&A Expenses | 304↑82.9% | 166↑7.9% | 154↑32.2% | 116↑40.2% | 83 | |
| Other Expenses | -36 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 464↑46.6% | 317↑14.0% | 278↑31.9% | 211↑35.2% | 156 | |
| Total Costs & Expenses | 703↑60.0% | 440↑14.2% | 385↑29.0% | 298↑33.4% | 224 | |
| Operating Results | ||||||
| Operating Income | 28↑129.6% | 12↑173.1% | -17↓427.2% | 5↓82.0% | 28 | |
| Depreciation & Amortization | 86↑602.2% | 12↑22.7% | 10↑93.2% | 5↑47.1% | 3 | |
| EBITDA | 114↑365.4% | 24↑458.2% | -7↓166.5% | 10↓67.9% | 32 | |
| EBIT | 28↑129.6% | 12↑173.1% | -17↓427.2% | 5↓82.0% | 28 | |
| Interest & Other Income | ||||||
| Net Interest Income | -46↓629.7% | 9↑34.7% | 6↑463.0% | 1↑104.4% | -26 | |
| Interest Income | 0.00↓100.0% | 9↑34.7% | 6↑463.0% | 1 | 0.00 | |
| Interest Expense | 46 | 0.00 | 0.00 | 0.00↓100.0% | 26 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -78↓83.8% | -42↓591.0% | -6↑41.4% | -10↑71.0% | -36 | |
| Income Before Tax | -50↓65.2% | -30↓31.5% | -23↓328.6% | -5↑29.9% | -8 | |
| Income Tax Expense | -9↑97.9% | -458↓210997.7% | 0.22↓84.0% | 1↑179.3% | 0.49 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -40↓109.4% | 428↑1952.4% | -23↓244.8% | -7↑17.3% | -8 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -39↓109.1% | 424↑2062.3% | -22↓171.5% | -8↑3.0% | -8 | |
| Bottom-Line Net Income | -39↓109.1% | 424↑2062.3% | -22↓171.5% | -8↑3.0% | -8 | |
| EPS (Basic) | -0.14↓107.3% | 1.93↑1854.5% | -0.11↓204.7% | -0.04↑20.7% | -0.05 | |
| EPS (Diluted) | -0.14↓108.3% | 1.68↑1627.3% | -0.11↓204.7% | -0.04↑20.7% | -0.05 | |
| Weighted Average Shares | 271↑23.7% | 219↑9.8% | 200↑7.6% | 186↑4.2% | 178 | |
| Weighted Average Diluted Shares | 271↑6.7% | 254↑27.4% | 200↑7.6% | 186↑4.2% | 178 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.