Claritev (CTEV) financial statements
Claritev reported revenue of $965M in fiscal 2025, down 1.1% a year over 7 years.
Net income was -$284M and the operating margin 3.0%, against 41.1% in 2018.
Free cash flow was -$12M.
The diluted share count rose 58% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Claritev's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $983M | $938M | $1.1B | $1.1B | $962M | $931M | $965M |
| Cost of revenue | $149M | $150M | $319M | $175M | $204M | $235M | $239M | $253M |
| Gross profit | $891M | $833M | $619M | $942M | $876M | $726M | $691M | $712M |
| Selling, general and admin | $78M | $75M | $356M | $151M | $167M | $143M | $151M | $222M |
| Operating income | $428M | $368M | -$132M | $386M | -$363M | $162M | -$1.4B | $29M |
| Interest expense | $383M | $376M | $336M | $267M | $303M | $333M | $326M | $392M |
| Pre-tax income | $10M | -$547M | $136M | $135M | -$561M | -$107M | -$1.8B | -$373M |
| Income tax | $800,000 | -$26M | $33M | $33M | $12M | -$15M | -$125M | -$89M |
| Net income | $36M | $10M | -$521M | $102M | -$573M | -$92M | -$1.6B | -$284M |
| EPS (diluted) | $3.60 | $0.80 | -$44.40 | $6.40 | -$36.00 | -$5.69 | -$101.92 | -$17.30 |
| Diluted shares | 10M | 10M | 12M | 16M | 16M | 16M | 16M | 16M |
| Gross margin | 85.6% | 84.8% | 66.0% | 84.3% | 81.1% | 75.5% | 74.3% | 73.8% |
| Operating margin | 41.1% | 37.5% | -14.1% | 34.5% | -33.6% | 16.8% | -149.4% | 3.0% |
| Net margin | 3.5% | 1.0% | -55.5% | 9.1% | -53.1% | -9.5% | -176.9% | -29.4% |
Balance sheet
Fiscal years, from Claritev's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $22M | $127M | $185M | $334M | $72M | $17M | $17M |
| Receivables | — | $77M | $63M | $100M | $79M | $77M | $90M | $128M |
| Total current assets | — | $116M | $209M | $319M | $447M | $194M | $176M | $224M |
| Property, plant and equipment | — | $178M | $188M | $213M | $233M | $267M | $293M | $326M |
| Goodwill | $4.1B | $4.1B | $4.3B | $4.4B | $3.7B | $3.8B | $2.4B | $2.4B |
| Total assets | — | $8.4B | $8.3B | $8.2B | $7.4B | $7.0B | $5.2B | $4.9B |
| Total current liabilities | — | $86M | $112M | $142M | $176M | $167M | $214M | $261M |
| Long-term debt | — | $5.4B | $4.6B | $4.9B | $4.7B | $4.5B | $4.5B | $4.6B |
| Total liabilities | — | $6.4B | $5.7B | $5.9B | $5.6B | $5.3B | $5.1B | $5.1B |
| Shareholders' equity | $2.0B | $2.0B | $2.6B | $2.3B | $1.8B | $1.7B | $84M | -$174M |
| Net debt | -$5M | $5.4B | $4.5B | $4.7B | $4.4B | $4.5B | $4.5B | $4.6B |
Cash flow
Fiscal years, from Claritev's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $292M | $284M | $377M | $405M | $372M | $172M | $108M | $117M |
| Capital spending | $64M | $66M | $71M | $85M | $90M | $109M | $118M | $130M |
| Free cash flow | $229M | $218M | $307M | $320M | $283M | $63M | -$11M | -$12M |
| Stock-based compensation | $5M | -$15M | $406M | $18M | $17M | $18M | $27M | $28M |
| Share buybacks (net) | $0 | $0 | -$101M | -$100M | $0 | -$15M | -$10M | $0 |
| Free cash flow margin | 22.0% | 22.2% | 32.7% | 28.6% | 26.2% | 6.5% | -1.1% | -1.3% |
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Open CTEV in InvestinglyQuestions
What was Claritev's revenue in 2025?
$965M in fiscal 2025, from its 10-K filing.
How much free cash flow does Claritev generate?
-$12M in fiscal 2025 (operating cash flow minus capital spending).
From Claritev's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.