Clearwater Analytics Holdings Inc
NYSE:CWAN
Income Statement
Earnings Waterfall
Clearwater Analytics Holdings Inc
Income Statement
Clearwater Analytics Holdings Inc
| Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
203
N/A
|
214
+5%
|
226
+6%
|
237
+5%
|
252
+6%
|
266
+6%
|
278
+5%
|
291
+4%
|
303
+4%
|
317
+5%
|
334
+5%
|
352
+5%
|
368
+5%
|
386
+5%
|
403
+4%
|
424
+5%
|
452
+6%
|
476
+5%
|
551
+16%
|
640
+16%
|
731
+14%
|
|
| Gross Profit | ||||||||||||||||||||||
| Cost of Revenue |
(53)
|
(54)
|
(56)
|
(62)
|
(68)
|
(75)
|
(80)
|
(85)
|
(88)
|
(91)
|
(97)
|
(102)
|
(107)
|
(110)
|
(113)
|
(118)
|
(123)
|
(129)
|
(162)
|
(202)
|
(239)
|
|
| Gross Profit |
150
N/A
|
160
+7%
|
170
+6%
|
175
+3%
|
184
+5%
|
191
+4%
|
198
+4%
|
206
+4%
|
216
+5%
|
226
+5%
|
236
+5%
|
250
+6%
|
261
+4%
|
276
+6%
|
290
+5%
|
307
+6%
|
329
+7%
|
347
+6%
|
389
+12%
|
439
+13%
|
492
+12%
|
|
| Operating Income | ||||||||||||||||||||||
| Operating Expenses |
(121)
|
(129)
|
(145)
|
(160)
|
(156)
|
(184)
|
(198)
|
(204)
|
(211)
|
(228)
|
(247)
|
(266)
|
(278)
|
(286)
|
(289)
|
(293)
|
(317)
|
(328)
|
(388)
|
(439)
|
(500)
|
|
| Selling, General & Administrative |
(66)
|
(70)
|
(81)
|
(92)
|
(83)
|
(95)
|
(104)
|
(112)
|
(116)
|
(127)
|
(139)
|
(151)
|
(154)
|
(153)
|
(150)
|
(150)
|
(166)
|
(177)
|
(223)
|
(258)
|
(304)
|
|
| Research & Development |
(55)
|
(59)
|
(64)
|
(67)
|
(73)
|
(78)
|
(84)
|
(91)
|
(94)
|
(101)
|
(108)
|
(115)
|
(124)
|
(134)
|
(139)
|
(143)
|
(151)
|
(150)
|
(165)
|
(180)
|
(196)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(10)
|
(10)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
29
N/A
|
31
+6%
|
25
-19%
|
16
-37%
|
29
+83%
|
7
-74%
|
0
-100%
|
2
+9 400%
|
5
+168%
|
(2)
N/A
|
(11)
-334%
|
(15)
-44%
|
(17)
-8%
|
(11)
+37%
|
0
N/A
|
14
+3 499%
|
12
-10%
|
19
+59%
|
1
-95%
|
0
-74%
|
(8)
N/A
|
|
| Pre-Tax Income | ||||||||||||||||||||||
| Interest Income Expense |
(23)
|
(26)
|
(29)
|
(33)
|
(26)
|
(18)
|
(10)
|
(1)
|
1
|
3
|
5
|
6
|
6
|
7
|
8
|
8
|
9
|
8
|
(7)
|
(25)
|
(46)
|
|
| Non-Reccuring Items |
(49)
|
(49)
|
(49)
|
(60)
|
(10)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(3)
|
(5)
|
(12)
|
(12)
|
(15)
|
(12)
|
(13)
|
(12)
|
(11)
|
(18)
|
(51)
|
(51)
|
(45)
|
(40)
|
4
|
|
| Pre-Tax Income |
(43)
N/A
|
(45)
-4%
|
(54)
-20%
|
(76)
-43%
|
(8)
+90%
|
(10)
-35%
|
(12)
-19%
|
(4)
+70%
|
(5)
-44%
|
(11)
-112%
|
(21)
-90%
|
(21)
0%
|
(23)
-7%
|
(16)
+32%
|
(3)
+80%
|
4
N/A
|
(30)
N/A
|
(24)
+21%
|
(51)
-113%
|
(65)
-28%
|
(50)
+23%
|
|
| Net Income | ||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
458
|
456
|
458
|
457
|
9
|
|
| Income from Continuing Operations |
(44)
|
(46)
|
(55)
|
(78)
|
(8)
|
(11)
|
(13)
|
(5)
|
(7)
|
(13)
|
(22)
|
(22)
|
(23)
|
(15)
|
(3)
|
4
|
428
|
432
|
408
|
393
|
(40)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
3
|
(0)
|
3
|
3
|
(0)
|
(1)
|
(0)
|
1
|
1
|
1
|
0
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(0)
|
1
|
|
| Net Income (Common) |
(44)
N/A
|
(46)
-3%
|
(58)
-27%
|
(78)
-34%
|
(8)
+89%
|
(11)
-37%
|
(10)
+9%
|
(5)
+52%
|
(8)
-63%
|
(13)
-59%
|
(21)
-67%
|
(20)
+5%
|
(22)
-7%
|
(15)
+29%
|
(5)
+68%
|
1
N/A
|
424
+63 812%
|
429
+1%
|
406
-5%
|
392
-3%
|
(39)
N/A
|
|
| EPS (Diluted) |
-0.26
N/A
|
-0.26
N/A
|
-0.33
-27%
|
-0.45
-36%
|
-0.05
+89%
|
-0.04
+20%
|
-0.06
-50%
|
-0.03
+50%
|
-0.04
-33%
|
-0.07
-75%
|
-0.12
-71%
|
-0.11
+8%
|
-0.11
N/A
|
-0.06
+45%
|
-0.03
+50%
|
0
N/A
|
1.67
N/A
|
1.6
-4%
|
1.5
-6%
|
1.36
-9%
|
-0.14
N/A
|
|