v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 91,245 $ 177,350
Short-term investments 0 78,139
Accounts receivable, net 167,348 106,151
Prepaid expenses and other current assets 36,977 23,006
Total current assets 295,570 384,646
Property, equipment and software, net 26,607 14,797
Operating lease right-of-use assets, net 34,300 24,797
Deferred contract costs, non-current 13,017 7,013
Debt issuance costs - line of credit 3,467 339
Deferred tax assets, net 695,998 602,500
Other non-current assets 5,336 3,340
Intangible assets, net 687,578 30,868
Goodwill 1,270,056 70,971
Long-term investments 0 30,301
Total assets 3,031,929 1,169,572
Current liabilities:    
Accounts payable 4,096 2,934
Accrued expenses and other current liabilities 112,249 55,654
Deferred revenue 21,860 7,329
Notes payable, current portion 8,000 2,750
Operating lease liability, current portion 15,138 8,350
Tax receivable agreement liability 0 35
Total current liabilities 161,343 77,052
Notes payable, less current maturities and unamortized debt issuance costs 814,643 43,164
Operating lease liability, less current portion 22,555 17,655
Other long-term liabilities 2,296 1,470
Total liabilities 1,000,837 139,341
Commitments and contingencies (Note 11)
Stockholders' Equity    
Additional paid-in-capital 1,754,387 725,174
Accumulated other comprehensive (loss) income 7,089 (1,113)
Retained earnings 259,963 283,946
Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc. 2,021,732 1,008,255
Non-controlling interests 9,360 21,976
Total stockholders' equity 2,031,092 1,030,231
Total liabilities and stockholders' equity 3,031,929 1,169,572
Class A    
Stockholders' Equity    
Common stock 291 213
Class B    
Stockholders' Equity    
Common stock 2 0
Class C    
Stockholders' Equity    
Common stock 0 13
Class D    
Stockholders' Equity    
Common stock $ 0 $ 22