Clearwater Analytics Holdings, Inc. (CWAN)

CWAN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	551.09	451.8	368.17	303.43	252.02	203.22
Revenue Growth (YoY)	36.68%	22.72%	21.34%	20.40%	24.01%	20.96%
Cost of Revenue	162.27	122.99	107.13	87.78	67.86	53.26
Gross Profit	388.83	328.82	261.04	215.64	184.16	149.96
Selling, General & Admin	198.75	157.72	151.81	114.69	83.01	66.12
Research & Development	164.68	150.56	123.93	94.12	72.19	55.26
Operating Expenses	363.43	308.27	275.73	208.81	155.2	170.38
Operating Income	25.4	20.54	-14.69	6.83	28.96	-20.42
Interest Expense	-12.2	-	-	-	-25.68	-22.85
Interest & Investment Income	8.62	8.62	6.4	1.14	-	-
Currency Exchange Gain (Loss)	-3.23	0.1	0.7	0.1	-0.1	-0.06
Other Non Operating Income (Expenses)	-44.85	-51.05	-13.31	-11.69	0.02	-
EBT Excluding Unusual Items	-26.26	-21.79	-20.9	-3.62	3.2	-43.33
Merger & Restructuring Charges	-24.34	-8.31	-2.05	-1.71	-	-
Gain (Loss) on Sale of Investments	0.04	0.04	0.09	-	-	-
Asset Writedown	-	-	-	-	-0.5	-
Other Unusual Items	-	-	-	-	-10.3	-
Pretax Income	-50.57	-30.06	-22.87	-5.34	-7.61	-43.33
Income Tax Expense	-458.43	-457.65	0.22	1.36	0.49	0.9
Earnings From Continuing Operations	407.86	427.59	-23.08	-6.7	-8.09	-44.23
Minority Interest in Earnings	-1.5	-3.21	1.46	-1.27	-0.12	-
Net Income	406.36	424.38	-21.63	-7.97	-8.21	-44.23
Net Income to Common	406.36	424.38	-21.63	-7.97	-8.21	-44.23
Shares Outstanding (Basic)	119	219	200	186	178	804
Shares Outstanding (Diluted)	245	254	200	186	178	804
Shares Change (YoY)	17.09%	27.38%	7.61%	4.44%	-77.91%	-
EPS (Basic)	3.41	1.94	-0.11	-0.04	-0.05	-0.05
EPS (Diluted)	1.66	1.68	-0.11	-0.04	-0.05	-0.05
Free Cash Flow	85.17	69.06	78.98	50.25	-1.67	-10.29
Free Cash Flow Per Share	0.35	0.27	0.40	0.27	-0.01	-0.01
Gross Margin	70.56%	72.78%	70.90%	71.07%	73.07%	73.79%
Operating Margin	4.61%	4.55%	-3.99%	2.25%	11.49%	-10.05%
Profit Margin	73.74%	93.93%	-5.87%	-2.63%	-3.26%	-21.76%
Free Cash Flow Margin	15.46%	15.29%	21.45%	16.56%	-0.66%	-5.06%
EBITDA	58.84	32.72	-4.76	11.97	31.95	-18.15
EBITDA Margin	10.68%	7.24%	-1.29%	3.94%	12.68%	-8.93%
D&A For EBITDA	33.44	12.18	9.93	5.14	2.99	2.27
EBIT	25.4	20.54	-14.69	6.83	28.96	-20.42
EBIT Margin	4.61%	4.55%	-3.99%	2.25%	11.49%	-10.05%

Updated May 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q