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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 89,879 $ 73,409 $ 174,485 $ 144,187
Cost of revenue [1] 26,954 20,919 51,779 42,091
Gross profit 62,925 52,490 122,706 102,096
Operating expenses:        
Research and development [1] 29,848 22,836 57,948 44,130
Sales and marketing [1] 14,331 13,074 29,029 25,067
General and administrative [1] 25,871 15,453 49,177 30,493
Total operating expenses 70,050 51,363 136,154 99,690
Income (loss) from operations (7,125) 1,127 (13,448) 2,406
Interest (income) expense, net (1,333) 403 (2,689) 832
Tax receivable agreement expense 6,573 3,100 6,678 3,100
Other income, net (315) (444) (234) (359)
Loss before income taxes (12,050) (1,932) (17,203) (1,167)
Provision for (benefit from) income taxes (174) 298 90 535
Net loss (11,876) (2,230) (17,293) (1,702)
Less: Net income (loss) attributable to non-controlling interests (955) 198 (1,988) 329
Net loss attributable to Clearwater Analytics Holdings, Inc. $ (10,921) $ (2,428) $ (15,305) $ (2,031)
Net loss per share attributable to Class A and Class D common stockholders stock:        
Basic (in USD per share) $ (0.06) $ (0.01) $ (0.08) $ (0.01)
Diluted (in USD per share) $ (0.06) $ (0.01) $ (0.08) $ (0.01)
Weighted average shares of Class A and Class D common stock outstanding:        
Basic (in shares) 198,046,275 185,781,262 195,865,881 182,085,548
Diluted (in shares) 198,046,275 185,781,262 195,865,881 182,085,548
[1] Amounts include equity-based compensation as follows:
Cost of revenue$3,248 $2,376 $5,491 $4,687 
Operating expenses:
Research and development5,971 4,565 10,626 8,870 
Sales and marketing3,246 3,215 7,211 6,511 
General and administrative16,105 6,035 28,442 11,999 
Total equity-based compensation expense$28,570 $16,191 $51,770 $32,067