Income Statement
CLEARWATER ANALYTICS HOLDINGS, INC.
CWAN
Performance Overview
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in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY |
|---|---|---|---|---|---|
|
Revenue
|
731.37 | 451.80 | 368.17 | 303.43 | 252.02 |
|
Cost of Revenue
|
239.22 | 122.99 | 107.13 | 87.78 | 67.86 |
|
Gross Profit
|
492.15 | 328.82 | 261.04 | 215.64 | 184.16 |
|
Operating Expenses
|
499.83 | 316.58 | 277.79 | 210.53 | 155.70 |
|
Research & Development
|
196.23 | 150.56 | 123.93 | 94.12 | 72.69 |
|
Selling, General & Administrative
|
154.43 | 98.77 | 93.50 | 63.77 | 43.94 |
|
Other Operating Expenses
|
- | - | - | - | - |
|
Operating Income
|
-7.69 | 12.23 | -16.75 | 5.12 | 28.46 |
|
Non-Operating Income
|
41.99 | 42.30 | 6.12 | 10.45 | 36.07 |
|
Interest Income
|
- | - | - | - | - |
|
Interest Expense
|
- | - | - | - | 25.68 |
|
Other Non-Op Income / Expense
|
3.68 | 2.26 | 1.87 | 0.05 | -0.08 |
|
Income Before Tax
|
-49.67 | -30.06 | -22.87 | -5.34 | -7.61 |
|
Income Tax Expense
|
-10.87 | -339.48 | -1.24 | 2.63 | 0.61 |
|
Non-Controlling Interest
|
-1.45 | 3.21 | -1.46 | 1.27 | 0.12 |
|
Net Income
|
-38.81 | 309.42 | -21.63 | -7.97 | -8.21 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY |
|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - |
|
EBITDA
|
77.86 | 24.42 | -6.82 | 10.26 | 31.95 |
|
Earnings Per Share (Basic)
|
-0.14 | 1.93 | -0.11 | -0.04 | -0.05 |
|
Diluted EPS
|
-0.14 | 1.68 | -0.11 | -0.04 | -0.05 |
|
Weighted Average Shares
|
271.32 | 219.32 | 199.69 | 185.56 | 177.68 |
|
Diluted Weighted Avg Shares
|
271.32 | 254.36 | 199.69 | 185.56 | 236.21 |
|
Comprehensive Income
|
-30.61 | 420.36 | -19.33 | -7.32 | -8.21 |