Clearwater Analytics Holdings, Inc. Income Statement
CWAN / Information Technology|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Clearwater Analytics Holdings, Inc. reported $731M in revenue and $39M in net loss for FY2025. Revenue has grown at a 27.8% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 1.18 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $731.4M | $451.8M | $368.2M | $303.4M | $252.0M | $203.2M | $168.0M |
| Cost of Revenue | $239.2M | $123.0M | $107.1M | $87.8M | $67.9M | $53.3M | $47.1M |
| Gross Profit | $492.1M | $328.8M | $261.0M | $215.6M | $184.2M | $150.0M | $120.9M |
| SG&A Expense | $154.4M | $98.8M | $93.5M | $63.8M | $43.9M | $43.9M | $36.8M |
| R&D Expense | $196.2M | $150.6M | $123.9M | $94.1M | $72.7M | $55.3M | $39.3M |
| Operating Income | -$7.7M | $12.2M | -$16.7M | $5.1M | $28.5M | -$20.4M | $25.7M |
| Interest Expense | - | - | - | - | $25.7M | -$22.9M | $17.8M |
| Income Tax | -$9.4M | -$457.6M | $217.0K | $1.4M | $487.0K | $902.0K | $73.0K |
| Net Income | -$38.8M | $424.4M | -$21.6M | -$8.0M | -$8.2M | -$44.2M | $7.7M |
| EPS (Basic) | -$0.11 | -$0.04 | -$0.05 | -$0.05 | - | - | - |
| EPS (Diluted) | -$0.11 | -$0.04 | -$0.05 | -$0.05 | -$0.05 | - | - |
| Shares Outstanding | 199.7M | 185.6M | 177.7M | 177.7M | 236.2M | - | - |
| Gross Margin | 67.3% | 72.8% | 70.9% | 71.1% | 73.1% | 73.8% | 71.9% |
| Operating Margin | -1.1% | 2.7% | -4.5% | 1.7% | 11.3% | -10.0% | 15.3% |
| Profit Margin | -5.3% | 93.9% | -5.9% | -2.6% | -3.3% | -21.8% | 4.6% |