Financial Statements — CWAN
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 |
|---|
| Cash & Equivalents | 0.08 | 0.06 | 0.07 | 0.28 | 0.23 | 0.19 | 0.19 | 0.21 | 0.19 | 0.22 | 0.29 | 0.28 | 0.26 | 0.25 |
| Short-term Investments | 0.00 | 0.00 | 0.00 | 0.01 | 0.08 | 0.07 | 0.08 | 0.08 | 0.06 | 0.02 | 0.00 | 0.00 | -- | -- |
| Accounts Receivable | 0.17 | 0.15 | 0.15 | 0.11 | 0.10 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.07 | 0.06 | 0.05 | 0.05 |
| Total Current Assets | 0.29 | 0.25 | 0.26 | 0.42 | 0.43 | 0.38 | 0.40 | 0.40 | 0.37 | 0.35 | 0.37 | 0.35 | 0.33 | 0.31 |
| Property, Plant & Equipment | 0.03 | 0.03 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Goodwill | 1.27 | 1.27 | 1.27 | 0.07 | 0.07 | 0.07 | 0.04 | 0.04 | 0.04 | 0.04 | -- | -- | -- | -- |
| Intangible Assets | 0.66 | 0.71 | 0.74 | 0.14 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | -- | -- | -- | -- |
| Total Non-current Assets* | 0.08 | 0.07 | 0.07 | 0.18 | 0.19 | 0.20 | 0.15 | 0.13 | 0.15 | 0.14 | 0.05 | 0.05 | 0.05 | 0.02 |
| Total Assets | 3.03 | 2.99 | 3.02 | 1.29 | 0.62 | 0.59 | 0.55 | 0.54 | 0.51 | 0.49 | 0.42 | 0.40 | 0.38 | 0.33 |
| Accounts Payable | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.13 | 0.13 | 0.13 | 0.08 | 0.09 | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | 0.04 | 0.03 | 0.03 | 0.03 |
| Long-term Debt | 0.81 | 0.84 | 0.88 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 |
| Total Non-current Liabilities* | 0.84 | 0.86 | 0.91 | 0.06 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.05 |
| Total Liabilities | 0.97 | 0.99 | 1.03 | 0.14 | 0.17 | 0.16 | 0.14 | 0.14 | 0.14 | 0.14 | 0.11 | 0.10 | 0.10 | 0.08 |
| Retained Earnings | 0.26 | 0.26 | 0.27 | 0.29 | (0.17) | (0.17) | (0.17) | (0.19) | (0.19) | (0.18) | (0.18) | (0.18) | (0.18) | (0.19) |
| Total Stockholder Equity* | 2.05 | 1.98 | 1.97 | 1.12 | 0.40 | 0.38 | 0.41 | 0.39 | 0.37 | 0.35 | 0.31 | 0.30 | 0.28 | 0.24 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| 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 |
| Cost of Revenue | 75.68 | 71.24 | 70.64 | 63.42 | 33.92 | 33.56 | 31.36 | 29.89 | 28.18 | 28.34 | 27.01 | 26.95 | 24.83 | 22.97 | 22.72 | 20.92 | 21.17 | 20.18 | 17.79 |
| Gross Profit | 145.55 | 146.22 | 134.47 | 118.51 | 92.94 | 92.90 | 84.47 | 76.90 | 74.54 | 70.68 | 67.65 | 62.93 | 59.78 | 59.71 | 53.83 | 52.49 | 49.61 | 49.58 | 46.70 |
| Research & Development | 57.05 | 57.01 | 52.07 | 49.76 | 37.40 | 40.90 | 36.62 | 35.36 | 37.68 | 33.73 | 32.25 | 29.85 | 28.10 | 24.55 | 25.44 | 22.84 | 21.29 | 21.70 | 18.42 |
| Selling, General & Admin | 33.27 | 50.10 | 31.38 | 44.12 | 28.83 | 32.90 | 22.63 | 22.53 | 20.72 | 18.05 | 26.27 | 25.87 | 23.31 | 16.90 | 16.37 | 15.45 | 15.04 | 14.32 | 10.90 |
| Total Operating Expenses | 136.56 | 152.96 | 127.92 | 133.09 | 85.86 | 91.69 | 77.13 | 73.06 | 74.71 | 68.09 | 73.54 | 70.05 | 66.10 | 55.84 | 55.00 | 51.36 | 48.33 | 48.93 | 39.44 |
| Operating Income | 8.99 | (6.74) | 6.55 | (14.58) | 7.08 | 1.22 | 7.34 | 3.84 | (0.17) | 2.59 | (5.89) | (7.12) | (6.32) | 3.88 | (1.16) | 1.13 | 1.28 | 0.65 | 7.26 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.40 | 0.43 | 0.42 | 8.30 |
| Pretax Income | (3.60) | (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) |
| Tax Provision | (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 |
| Net Income | (2.78) | (11.76) | (10.33) | (23.22) | 6.51 | 419.28 | 3.63 | (0.43) | 1.90 | (4.43) | (1.89) | (10.92) | (4.38) | (2.96) | (2.97) | (2.43) | 0.40 | 0.10 | (8.31) |
| Basic EPS | (0.01) | (0.04) | (0.04) | (0.09) | 0.03 | 1.90 | 0.02 | 0.00 | 0.01 | (0.02) | (0.01) | (0.06) | (0.02) | (0.01) | (0.02) | (0.01) | -- | -- | -- |
| Diluted EPS | (0.01) | (0.04) | (0.04) | (0.09) | 0.03 | 1.65 | 0.02 | 0.00 | 0.01 | (0.02) | (0.01) | (0.06) | (0.02) | (0.02) | (0.01) | (0.01) | -- | -- | -- |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 0.02 | 0.06 | 0.05 | 0.05 | 0.02 | (0.03) | 0.05 | 0.04 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | (0.01) |
| Capital Expenditures | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | 0.01 | 0.05 | 0.04 | 0.04 | 0.02 | (0.03) | 0.05 | 0.04 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.00 | 0.01 | (0.01) |
| Investing Cash Flow | (0.01) | 0.00 | -0.00 | (1.08) | 0.10 | -0.00 | -0.00 | (0.04) | (0.01) | 0.00 | (0.01) | (0.05) | (0.03) | (0.07) | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Financing Cash Flow | (0.02) | (0.02) | (0.05) | 0.83 | (0.03) | (0.02) | (0.01) | -0.00 | (0.03) | (0.01) | (0.01) | 0.00 | (0.01) | 0.01 | -0.00 | 0.00 | 0.00 | -0.00 | 0.20 |
* Derived from reported values
