Income Statement - Clearwater Analytics Holdings, Inc. (CWAN)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | |
|---|---|---|---|---|---|---|---|
| Total revenue | 731.37 | 451.80 | 368.17 | 303.43 | 252.02 | 203.22 | 168.00 |
| Cost of revenue | 239.22 | 122.99 | 107.13 | 87.78 | 67.86 | 53.26 | 47.15 |
| Gross profit | 492.15 | 328.82 | 261.04 | 215.64 | 184.16 | 149.96 | 120.86 |
| Total operating expenses | 499.83 | 316.58 | 277.79 | 210.53 | 155.70 | 170.38 | 95.16 |
| Operating income | -7.69 | 12.23 | -16.75 | 5.12 | 28.46 | -20.42 | 25.70 |
| Non-operating income (net) | -41.99 | -42.30 | -6.12 | -10.45 | -36.07 | -22.91 | -17.89 |
| Income before tax | -49.67 | -30.06 | -22.87 | -5.34 | -7.61 | -43.33 | 7.81 |
| Income tax expense | -9.42 | -457.65 | 0.22 | 1.36 | 0.49 | 0.90 | 0.07 |
| Net income | -38.81 | 424.38 | -21.63 | -7.97 | -8.21 | -44.23 | 7.73 |
Show Quarterly Income Statement
Income Statement - Clearwater Analytics Holdings, Inc. (CWAN)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 221.23 | 217.46 | 205.11 | 181.94 | 126.86 | 126.47 | 115.83 | 106.79 | 102.72 | 99.02 | 94.66 | 89.88 | 84.61 | 82.69 | 76.55 | 73.41 | 70.78 | 69.76 | 64.49 | 60.88 | 56.89 | 54.76 | 53.36 | 48.65 | 46.46 |
| Cost of revenue | 75.68 | 71.24 | 70.64 | 63.42 | 33.92 | 33.56 | 31.36 | 29.89 | 28.18 | 28.83 | 27.01 | 26.95 | 24.83 | 22.97 | 22.72 | 20.92 | 21.17 | 20.18 | 17.79 | 15.58 | 14.32 | 14.05 | 12.33 | 13.08 | 13.81 |
| Gross profit | 145.55 | 146.22 | 134.47 | 118.51 | 92.94 | 92.90 | 84.47 | 76.90 | 74.54 | 70.19 | 67.65 | 62.93 | 59.78 | 59.71 | 53.83 | 52.49 | 49.61 | 49.58 | 46.70 | 45.30 | 42.57 | 40.71 | 41.03 | 35.57 | 32.65 |
| Total operating expenses | 136.56 | 152.96 | 127.92 | 133.09 | 85.86 | 91.69 | 77.13 | 73.06 | 74.71 | 67.60 | 73.54 | 70.05 | 66.10 | 55.84 | 55.00 | 51.36 | 48.33 | 48.93 | 39.44 | 36.74 | 30.59 | 102.21 | 24.53 | 21.15 | 22.49 |
| Operating income | 8.99 | -6.74 | 6.55 | -14.58 | 7.08 | 1.22 | 7.34 | 3.84 | -0.17 | 2.59 | -5.89 | -7.13 | -6.32 | 3.88 | -1.16 | 1.13 | 1.28 | 0.65 | 7.26 | 8.56 | 11.98 | -61.50 | 16.51 | 14.42 | 10.16 |
| Non-operating income (net) | -12.60 | -14.91 | -16.56 | -11.92 | 1.40 | -38.06 | -3.06 | -3.49 | 2.30 | -5.64 | 3.27 | -4.93 | 1.17 | -5.44 | -1.44 | -3.06 | -0.51 | -0.57 | -18.48 | -8.50 | -8.53 | -7.27 | -4.91 | -5.56 | -5.17 |
| Income before tax | -3.61 | -21.66 | -10.00 | -26.50 | 8.49 | -36.84 | 4.28 | 0.36 | 2.14 | -3.05 | -2.62 | -12.05 | -5.15 | -1.57 | -2.60 | -1.93 | 0.77 | 0.09 | -11.21 | 0.07 | 3.46 | -68.77 | 11.60 | 8.86 | 4.99 |
| Income tax expense | -0.81 | -9.13 | 0.51 | -2.35 | 1.55 | -457.14 | -0.49 | 0.08 | -0.10 | 0.40 | -0.27 | -0.17 | 0.26 | 0.40 | 0.42 | 0.30 | 0.24 | -0.05 | 0.22 | 0.28 | 0.04 | 0.59 | 0.10 | 0.05 | 0.16 |
| Net income | -2.78 | -11.76 | -10.34 | -23.23 | 6.51 | 419.28 | 3.63 | -0.43 | 1.90 | -4.19 | -1.89 | -10.92 | -4.38 | -2.96 | -2.97 | -2.43 | 0.40 | 0.10 | -8.31 | -0.21 | 3.41 | -69.36 | 11.50 | 8.81 | 4.83 |