Clearwater Analytics Holdings, Inc. Files 2023 Annual Report

TL;DR

<b>Clearwater Analytics Holdings, Inc. has submitted its 2023 10-K filing, detailing financial performance and operational data for the fiscal year ending December 31, 2023.</b>

AI Summary

Clearwater Analytics Holdings, Inc. (CWAN) filed a Annual Report (10-K) with the SEC on February 29, 2024. Clearwater Analytics Holdings, Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business is classified under SERVICES-PREPACKAGED SOFTWARE [7372]. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial statement components such as Cost of Revenue, R&D, Selling & Marketing, and G&A expenses are detailed for these periods.

Why It Matters

For investors and stakeholders tracking Clearwater Analytics Holdings, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Clearwater Analytics' financial health and operational activities for the past fiscal year, crucial for investors assessing performance and future prospects. The detailed financial data, including revenue, expenses, and equity components across multiple years, allows for trend analysis and comparison, aiding in investment decisions.

Risk Assessment

Risk Level: medium — Clearwater Analytics Holdings, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not inherently signal immediate positive or negative performance without further analysis of the specific figures and management discussion.

Analyst Insight

Investors should review the detailed financial statements and management's discussion and analysis within the 10-K to understand Clearwater Analytics' performance drivers, risks, and strategic outlook for 2024.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-29 — Filing Date (Date the report was filed)
• 2023 — Fiscal Year (Primary year covered by the report)
• 2022 — Prior Fiscal Year (Comparative year)
• 2021 — Earlier Fiscal Year (Comparative year)

Key Players & Entities

• Clearwater Analytics Holdings, Inc. (company) — Filer and subject of the report
• 2023-12-31 (date) — Conformed period of report
• 2024-02-29 (date) — Filed as of date
• 7372 (other) — Standard Industrial Classification code for Prepackaged Software
• DE (other) — State of Incorporation

FAQ

Industry Context

Clearwater Analytics operates in the prepackaged software industry, providing technology solutions for investment data management and reporting.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports detailing their financial condition and operations.

What Investors Should Do

1. Analyze the revenue and expense trends for 2023 compared to 2022 and 2021.
2. Examine the breakdown of common stock classes and their changes over the reported periods.
3. Review any disclosed risk factors or management discussions for potential insights into future performance.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-29: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available within this data.

From the Filing

0001628280-24-007825.txt : 20240229 0001628280-24-007825.hdr.sgml : 20240229 20240229090748 ACCESSION NUMBER: 0001628280-24-007825 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 355 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Clearwater Analytics Holdings, Inc. CENTRAL INDEX KEY: 0001866368 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40838 FILM NUMBER: 24699222 BUSINESS ADDRESS: STREET 1: 777 W. MAIN STREET, SUITE 900 CITY: BOISE STATE: ID ZIP: 83702 BUSINESS PHONE: 208-918-2400 MAIL ADDRESS: STREET 1: 777 W. MAIN STREET, SUITE 900 CITY: BOISE STATE: ID ZIP: 83702 10-K 1 cwan-20231231.htm 10-K cwan-20231231 0001866368 2023 FY false 1 1 P3Y 1 1 1 1 P1Y 40 P3Y P3Y 0001866368 2023-01-01 2023-12-31 0001866368 2023-06-30 iso4217:USD 0001866368 us-gaap:CommonClassAMember 2024-02-23 xbrli:shares 0001866368 us-gaap:CommonClassBMember 2024-02-23 0001866368 us-gaap:CommonClassCMember 2024-02-23 0001866368 cwan:CommonClassDMember 2024-02-23 0001866368 2023-12-31 0001866368 2022-12-31 0001866368 us-gaap:CommonClassAMember 2023-12-31 iso4217:USD xbrli:shares 0001866368 us-gaap:CommonClassAMember 2022-12-31 0001866368 us-gaap:CommonClassBMember 2023-12-31 0001866368 us-gaap:CommonClassBMember 2022-12-31 0001866368 us-gaap:CommonClassCMember 2023-12-31 0001866368 us-gaap:CommonClassCMember 2022-12-31 0001866368 cwan:CommonClassDMember 2023-12-31 0001866368 cwan:CommonClassDMember 2022-12-31 0001866368 2022-01-01 2022-12-31 0001866368 2021-01-01 2021-12-31 0001866368 cwan:CostOfRevenueMember 2023-01-01 2023-12-31 0001866368 cwan:CostOfRevenueMember 2022-01-01 2022-12-31 0001866368 cwan:CostOfRevenueMember 2021-01-01 2021-12-31 0001866368 us-gaap:ResearchAndDevelopmentExpenseMember 2023-01-01 2023-12-31 0001866368 us-gaap:ResearchAndDevelopmentExpenseMember 2022-01-01 2022-12-31 0001866368 us-gaap:ResearchAndDevelopmentExpenseMember 2021-01-01 2021-12-31 0001866368 us-gaap:SellingAndMarketingExpenseMember 2023-01-01 2023-12-31 0001866368 us-gaap:SellingAndMarketingExpenseMember 2022-01-01 2022-12-31 0001866368 us-gaap:SellingAndMarketingExpenseMember 2021-01-01 2021-12-31 0001866368 us-gaap:GeneralAndAdministrativeExpenseMember 2023-01-01 2023-12-31 0001866368 us-gaap:GeneralAndAdministrativeExpenseMember 2022-01-01 2022-12-31 0001866368 us-gaap:GeneralAndAdministrativeExpenseMember 2021-01-01 2021-12-31 0001866368 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2022-12-31 0001866368 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-12-31 0001866368 us-gaap:CommonClassCMember us-gaap:CommonStockMember 2022-12-31 0001866368 cwan:CommonClassDMember us-gaap:CommonStockMember 2022-12-31 0001866368 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001866368 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001866368 us-gaap:RetainedEarningsMember 2022-12-31 0001866368 us-gaap:NoncontrollingInterestMember 2022-12-31 0001866368 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001866368 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001866368 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001866368 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001866368 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001866368 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001866368 us-gaap:CommonClassCMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001866368 cwan:CommonClassDMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001866368 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-12-31 0001866368 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-12-31 0001866368 us-gaap:CommonClassCMember us-gaap:C