XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Earnings (Loss) Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Net Loss Per Share | The following tables set forth the computation of basic and diluted net earnings (loss) per share of Class A and Class D common stock (in thousands, except share amounts and per share amounts):
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024 |
| Class A |  | Class D |  | Class A |  | Class D |  |  |  |
Basic net earnings (loss) attributable to Class A and Class D common stockholders |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Allocation of net income (loss) attributable to Clearwater Analytics Holdings, Inc. | $ | (294) |  |  | $ | (136) |  |  | $ | 959 |  |  | $ | 508 |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average number of shares of Class A and Class D common stock outstanding - basic | 149,405,616 |  | 68,943,951 |  | 141,122,643 |  | 74,681,872 |  |  |  |
Basic net earnings (loss) per share attributable to Class A and Class D common stockholders | $ | (0.00) |  |  | $ | (0.00) |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  |  |  |
| Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2023
| 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. | $ | (4,368) |  |  | $ | (6,553) |  |  | $ | (5,656) |  |  | $ | (9,649) |
Denominator: |  |  |  |  |  |  |
Weighted average number of shares of Class A and Class D common stock outstanding - basic and diluted | 79,206,871 |  | 118,839,404 |  | 72,388,035 |  | 123,477,845
Basic and diluted net loss per share attributable to Class A and Class D common stockholders | $ | (0.06) |  |  | $ | (0.06) |  |  | $ | (0.08) |  |  | $ | (0.08) |
| Six Months Ended June 30, 2024
| Class A |  | Class D
Diluted net earnings attributable to Class A and Class D common stockholders |  |  |
Numerator: |  |  |
Undistributed earnings for basic computation | $ | 959 |  |  | $ | 508 |
Reallocation of earnings as a result of conversion of Class B common stock to Class A common stock and conversion of Class C common stock to Class D common stock | 683 |  |  | 361 |
Reallocation of earnings as a result of conversion of Class D common stock to Class A common stock | 869 |  |  | — |
Allocation of undistributed earnings | $ | 2,511 |  |  | $ | 869 |
Denominator: |  |  |
Weighted average number of shares of Class A and Class D common stock outstanding - basic | 141,122,643 |  | 74,681,872
Add: weighted-average effect of dilutive securities exchangeable for Class A common stock: |  |  |
Stock options of Clearwater Analytics Holdings, Inc. | 8,654,260 |  | —
RSUs of Clearwater Analytics Holdings, Inc. | 2,166,169 |  | —
ESPP of Clearwater Analytics Holdings, Inc. | 48,542 |  | —
Conversion of Class B common stock to Class A stock, and conversion of Class C common stock to Class D common stock | 111,191 |  | 27,424,288
Conversion of Class D common stock to Class A common stock outstanding | 102,106,160 |  | —
Weighted average number of shares of Class A and Class D common stock outstanding - diluted | 254,208,965 |  | 102,106,160
Diluted net earnings per share attributable to Class A and Class D common stockholders | $ | 0.01 |  |  | $ | 0.01 |
Schedule of Weighted-Average Potentially Dilutive Securities Excluded from Diluted Net Loss Per Share | 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 earnings (loss) per share due to their anti-dilutive effect:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Conversion of Class B and Class C common stock | 27,535,479 |  | 43,105,127 |  |  | — |  |  | 45,657,312 |  |  |  |  |
Stock options of Clearwater Analytics Holdings, Inc. | 9,010,390 |  | 9,839,839 |  | 867,859 |  | 10,168,188 |  |  |  |
RSUs of Clearwater Analytics Holdings, Inc. | 1,185,552 |  | 1,079,149 |  | 358,356 |  | 4,542,512 |  |  |  |
Employee stock purchase plans | 155,632 |  | 15,574 |  | — |  | 28,818 |  |  |  |
Total | 37,887,053 |  | 54,039,689 |  | 1,226,215 |  | 60,396,830 |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration