← Clearwater Analytics Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $168.0m |
$203.2m
+20.96%
|
$252.0m
+24.01%
|
$303.4m
+20.40%
|
$368.2m
+21.34%
|
$451.8m
+22.72%
|
$731.4m
+61.88%
|
$825.7m
+12.90%
|
|
| Cost of revenue | $47.1m |
$53.3m
+12.98%
|
$67.9m
+27.41%
|
$87.8m
+29.35%
|
$107.1m
+22.03%
|
$123.0m
+14.80%
|
$239.2m
+94.51%
|
$281.0m
+17.46%
|
|
| Gross profit | $120.9m |
$150.0m
+24.08%
|
$184.2m
+22.81%
|
$215.6m
+17.10%
|
$261.0m
+21.05%
|
$328.8m
+25.96%
|
$492.1m
+49.67%
|
$544.8m
+10.69%
|
|
| Research and development | $39.3m | $55.3m | $72.7m | $94.1m | $123.9m | $150.6m | $196.2m | $215.9m | |
| Sales and marketing | $19.1m | $22.2m | $39.1m | $52.6m | $60.4m | $67.3m | $149.2m | — | |
| General and administrative | $36.8m | $43.9m | $43.9m | $63.8m | $93.5m | $98.8m | $154.4m | $158.9m | |
| Total operating expenses | $95.2m | $170.4m | $155.7m | $210.5m | $277.8m | $316.6m | $499.8m | $550.5m | |
| Interest expense | — | — | — | ($1.1m) | ($6.4m) | ($8.6m) | $45.7m | $57.4m | |
| Other income, net | $85k | $56k | $83k | ($50k) | ($1.9m) | ($2.3m) | ($3.7m) | $1.4m | |
| Loss before income taxes | $7.8m | ($43.3m) | ($7.6m) | ($5.3m) | ($22.9m) | ($30.1m) | ($49.7m) | — | |
| Provision for (benefit from) income taxes | $73k | $902k | $487k | $1.4m | $217k | ($457.6m) | ($9.4m) | — | |
| 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%
|
($48.1m)
-19.47%
|
|
| Less: Net income (loss) attributable to non-controlling interests | — | — | $119k | $1.3m | ($1.5m) | $3.2m | ($1.4m) | — | |
| Net income (loss) attributable to Clearwater Analytics Holdings, Inc. | $7.7m | ($44.2m) | ($8.2m) | ($8.0m) | ($21.6m) | $424.4m | ($38.8m) | ($48.1m) | |
| Basic (in USD per share) | — | — | ($0.05) | ($0.04) | ($0.12) | $1.95 | ($0.15) | — | |
| Diluted (in USD per share) | — | — | ($0.03) | ($0.04) | ($0.12) | $1.68 | ($0.15) | — | |
| Income (loss) from operations | $25.7m |
($20.4m)
-179.46%
|
$28.5m
+239.39%
|
$5.1m
-82.02%
|
($16.7m)
-427.24%
|
$12.2m
+173.06%
|
($7.7m)
-162.82%
|
($5.8m)
+24.82%
|
|
| Tax receivable agreement expense | — | — | $0 | $11.6m | $14.4m | $53.2m | $0 | — |