Loss Per Share

12 Months Ended

Dec. 31, 2022

Note 13. Loss Per Share

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted net loss per share of Class A and Class D common stock for the periods following the Transactions (in thousands):


	Year Ended December 31,
	2022			2021
Numerator:
Net loss	$	(6,695	)	$	(8,094	)
Less: Net income attributable to CWAN Holdings prior to the Transactions		—			2,829
Less: Net income (loss) attributable to non-controlling interests		1,272			(2,710	)
Net loss attributable to Clearwater Analytics Holdings, Inc. - basic and diluted		(7,967	)		(8,213	)

The following table sets forth the computation of basic and diluted net loss per share of Class A and Class D common stock (in thousands, except share amounts and per share amounts):


	Year Ended December 31, 2022						Year Ended December 31, 2021
	Class A			Class D			Class A			Class D
Basic and diluted net loss attributable to Class A and Class D common stockholders
Numerator:
Allocation of net loss attributable to Clearwater Analytics, Inc.	$	(2,382	)	$	(5,585	)	$	(2,200	)	$	(6,013	)
Denominator:
Weighted average number of shares of Class A and Class D common stock outstanding - basic and diluted(1)		55,476,928			130,083,755			47,596,752			130,083,755
Basic and diluted net loss per share attributable to Class A and Class D common stockholders	$	(0.04	)	$	(0.04	)	$	(0.05	)	$	(0.05	)

(1)

Weighted average number of shares of Class A and Class D common stock outstanding for the year ended December 31, 2021 represents only the period from September 24, 2021 to December 31, 2021, which represents the period wherein we had outstanding Class A and Class D common stock.

Shares of the Company's Class B and Class C common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B and Class C common stock under the two-class method has not been presented.

The following weighted-average potentially dilutive securities were evaluated under the treasury stock method for potentially dilutive effects and have been excluded from diluted net loss per share in the periods presented due to their anti-dilutive effect:


	Year Ended December 31,
	2022		2021
Conversion of Class B and Class C common stock		52,301,672		58,528,697
Stock options of Clearwater Analytics Holdings, Inc.		10,280,184		14,575,237
RSUs of Clearwater Analytics Holdings, Inc.		1,342,284		1,514,207
Employee stock purchase plans		179,314		262,139
Total		64,103,454		74,880,280