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Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net 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.
Schedule of Weighted-average Potentially Dilutive Securities Excluded from Diluted Net Loss Per Share

 

 

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