← Clearwater Analytics Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $7.7m |
($44.2m)
-672.04%
|
($8.1m)
+81.70%
|
($6.7m)
+17.28%
|
($23.1m)
-244.78%
|
$427.6m
+1952.38%
|
($40.3m)
-109.41%
|
— | |
| Depreciation and amortization | $2.0m | $2.3m | $3.5m | $5.1m | $9.9m | $12.2m | $85.5m | $112.0m | |
| Amortization of deferred contract acquisition costs | $1.4m | $2.3m | $3.4m | $4.3m | $4.8m | $5.3m | $11.5m | — | |
| Amortization of debt issuance costs, included in interest expense | $1.7m | $2.5m | $1.5m | $279k | $280k | $280k | $2.8m | — | |
| Deferred tax benefit | — | — | ($675k) | ($803k) | ($1.7m) | ($460.0m) | ($12.6m) | — | |
| Accounts receivable, net | ($5.7m) | ($6.3m) | ($17.3m) | ($19.1m) | ($19.3m) | ($13.6m) | ($11.1m) | ($8.3m) | |
| Accounts payable | $166k | $67k | $361k | $1.6m | ($115k) | $269k | ($1.3m) | ($2.9m) | |
| Purchase of property and equipment included in accounts payable and accrued expense | $255k | $489k | $322k | $350k | $435k | $38k | $210k | ($26.8m) | |
| Accrued expenses and other liabilities | $4.2m | $9.7m | $3.4m | $1.2m | $1.2m | $11.6m | $22.4m | — | |
| Tax distributions payable to Continuing Equity Owners included in accrued expenses | — | — | $793k | $3.2m | $0 | $23k | $3k | — | |
| Prepaid expenses and other assets | $589k | ($767k) | ($13.1m) | ($5.0m) | $1.2m | $5.6m | ($11.2m) | — | |
| Net cash provided by operating activities | ($230.0m) |
($6.5m)
+97.18%
|
$3.4m
+151.77%
|
$58.0m
+1627.37%
|
$84.6m
+45.85%
|
$74.3m
-12.15%
|
$175.9m
+136.67%
|
$169.1m
-3.88%
|
|
| Purchases of property, equipment and software | ($3.4m) | ($3.8m) | ($5.0m) | ($7.8m) | ($5.6m) | ($5.3m) | ($11.6m) | — | |
| Accretion of discount on investments | — | — | $0 | $0 | ($1.5m) | ($2.2m) | ($284k) | — | |
| Realized gain on investments | — | — | $0 | $0 | ($89k) | ($35k) | ($112k) | — | |
| Purchase of held to maturity investments | — | — | $0 | ($3.0m) | ($3.0m) | ($3.0m) | ($4.7m) | — | |
| Purchase of available-for-sale investments | — | — | $0 | $0 | ($124.2m) | ($114.6m) | $0 | — | |
| Proceeds from sale of available-for-sale investments | — | — | $0 | $0 | $6.0m | $0 | $89.5m | — | |
| Proceeds from maturities of investments | — | — | $0 | $0 | $31.8m | $107.4m | $23.7m | — | |
| Net cash used in investing activities | ($3.4m) | ($3.8m) | ($5.0m) | ($76.6m) | ($95.1m) | ($55.6m) | ($988.1m) | ($1.1b) | |
| Debt extinguishment costs | — | — | $10.3m | $0 | $0 | $0 | $419k | — | |
| Provision for bad debt | — | — | — | — | $0 | $0 | $2.2m | — | |
| Proceeds from borrowings, net of payment of debt issuance costs | — | — | — | — | $0 | $0 | $924.5m | — | |
| Repayments of borrowings | ($463k) | ($21.6m) | ($434.9m) | ($2.8m) | ($2.7m) | ($2.8m) | ($154.1m) | — | |
| Repurchase of common stock | ($3.8m) | ($567k) | ($626k) | $0 | $0 | $0 | ($18.1m) | — | |
| Acquisition of Bistro intangible assets paid in common stock | — | — | — | — | $0 | $0 | $102.7m | — | |
| Taxes paid related to net share settlement of equity awards | $68k | $429k | ($2.2m) | ($3.2m) | ($20.8m) | ($55.3m) | ($33.7m) | — | |
| Net cash provided by (used in) financing activities | $237.7m |
$51.0m
-78.53%
|
$195.3m
+282.61%
|
$16.2m
-91.69%
|
($19.3m)
-218.87%
|
($61.7m)
-219.67%
|
$725.4m
+1276.32%
|
$733.4m
+1.10%
|
|
| Cash and cash equivalents, beginning of period | $20.3m | $61.1m | $254.6m | $250.7m | $221.8m | $177.3m | $91.2m | — | |
| Effect of exchange rate changes on cash and cash equivalents | $87k | $85k | ($112k) | ($1.6m) | $785k | ($1.4m) | $713k | ($2.0m) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Noncash operating lease cost | ($230.0m) | ($6.5m) | $0 | $6.0m | $7.6m | $9.2m | $16.7m | $169.1m | |
| Equity-based compensation | $6.2m | $24.6m | $36.7m | $65.7m | $104.4m | $103.2m | $127.9m | — | |
| Deferred contract acquisition costs | — | — | ($5.2m) | ($5.8m) | ($5.1m) | ($6.2m) | ($17.0m) | — | |
| Tax receivable agreement liability | — | — | $0 | $12.2m | $6.0m | ($18.9m) | ($35k) | — | |
| Other long-term liabilities | — | $75k | — | — | $0 | $0 | $463k | — | |
| Purchases of intangible assets | — | — | — | — | $0 | $0 | ($10.2m) | — | |
| Acquisition of business, net of cash acquired | — | — | $0 | ($65.8m) | $0 | ($40.1m) | ($1.1b) | — | |
| Payment of initial direct costs for operating lease | — | — | — | $0 | $0 | ($104k) | ($89k) | — | |
| Proceeds from exercise of options | $2.6m | $424k | $2.8m | $18.3m | $4.7m | $248k | $168k | — | |
| Proceeds from employee stock purchase plan | — | — | $0 | $4.2m | $4.6m | $4.7m | $6.6m | — | |
| Payment of tax distributions | — | — | $0 | ($117k) | ($2.2m) | ($3.9m) | $0 | — | |
| Payment of business acquisition holdback liability | — | — | $0 | $0 | ($2.9m) | ($4.7m) | $0 | — | |
| Change in cash and cash equivalents during the period | $4.4m | $40.8m | $193.5m | ($3.9m) | ($29.0m) | ($44.4m) | ($86.1m) | — | |
| Cash paid for interest | $12.3m | $22.2m | $26.1m | $1.4m | $3.5m | $3.5m | $31.1m | — | |
| Cash paid for income taxes | $68k | $429k | $802k | $2.0m | $2.4m | $2.0m | $3.5m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.