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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

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- References

No definition available.

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- 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

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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

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