Claritev Corp Financials
This page shows Claritev Corp (CTEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Claritev Corp has an operating margin of -149.3%, meaning the company retains $-149 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 16.9% the prior year.
Claritev Corp's revenue declined 3.2% year-over-year, from $961.5M to $930.6M. This contraction results in a growth score of 19/100.
Claritev Corp has elevated debt relative to equity (D/E of 54.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Claritev Corp's current ratio of 0.82 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.
While Claritev Corp generated $107.6M in operating cash flow, capex of $118.1M consumed most of it, leaving -$10.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Claritev Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Claritev Corp generates $-0.07 in operating cash flow ($107.6M OCF vs -$1.6B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Claritev Corp earns $-4.3 in operating income for every $1 of interest expense (-$1.4B vs $326.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Claritev Corp generated $930.6M in revenue in fiscal year 2024. This represents a decrease of 3.2% from the prior year.
Claritev Corp's EBITDA was -$957.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 264.6% from the prior year.
Claritev Corp generated -$10.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 116.7% from the prior year.
Claritev Corp reported -$1.6B in net income in fiscal year 2024. This represents a decrease of 1694.9% from the prior year.
Claritev Corp earned $-101.92 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1691.2% from the prior year.
Claritev Corp held $16.8M in cash against $4.6B in long-term debt as of fiscal year 2024.
Claritev Corp had 16M shares outstanding in fiscal year 2024. This represents a decrease of 0.1% from the prior year.
Claritev Corp's gross margin was 74.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.
Claritev Corp's operating margin was -149.3% in fiscal year 2024, reflecting core business profitability. This is down 166.2 percentage points from the prior year.
Claritev Corp's net profit margin was -176.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 167.3 percentage points from the prior year.
Claritev Corp spent $10.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 31.9% from the prior year.
Claritev Corp invested $118.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 8.5% from the prior year.
CTEV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $246.0M+1.8% | $241.6M+4.4% | $231.3M-0.4% | $232.1M-0.6% | $233.5M-0.4% | $234.5M-3.9% | $244.1M+0.5% | $242.8M |
| Cost of Revenue | $62.1M+2.0% | $60.8M+0.6% | $60.4M+5.8% | $57.1M-6.9% | $61.4M+2.2% | $60.1M-1.0% | $60.7M-0.5% | $60.9M |
| Gross Profit | $183.9M+1.7% | $180.7M+5.8% | $170.9M-2.4% | $175.0M+1.7% | $172.1M-1.3% | $174.4M-4.9% | $183.5M+0.9% | $181.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $61.9M+16.9% | $52.9M+4.5% | $50.6M-4.6% | $53.1M+53.6% | $34.6M-0.9% | $34.9M-3.3% | $36.1M-2.0% | $36.8M |
| Operating Income | $10.1M-39.3% | $16.6M+70.2% | $9.7M+123.6% | -$41.4M+92.1% | -$523.9M-7.7% | -$486.4M-1291.9% | $40.8M+3.3% | $39.5M |
| Interest Expense | $101.2M+1.5% | $99.7M+8.9% | $91.6M+12.8% | $81.3M+0.2% | $81.1M-1.3% | $82.2M-1.0% | $83.0M-1.5% | $84.3M |
| Income Tax | -$23.6M-16.3% | -$20.3M-9.4% | -$18.5M+61.5% | -$48.2M-75.0% | -$27.5M-25.2% | -$22.0M-5593.3% | -$386K+94.4% | -$6.9M |
| Net Income | -$69.8M-11.4% | -$62.6M+12.2% | -$71.3M+48.3% | -$138.0M+76.1% | -$576.7M-6.9% | -$539.7M-1619.2% | -$31.4M-30.0% | -$24.1M |
| EPS (Diluted) | $-4.23-11.0% | $-3.81+13.0% | $-4.38+48.4% | $-8.49 | $-35.78-7.1% | $-33.40 | $-4.14 | $-1.49 |
CTEV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.0B-1.6% | $5.1B-0.2% | $5.1B-1.3% | $5.2B-10.3% | $5.7B-9.8% | $6.4B-8.6% | $7.0B-1.3% | $7.1B |
| Current Assets | $257.5M+4.2% | $247.1M+33.7% | $184.8M+5.3% | $175.5M-8.7% | $192.3M+1.5% | $189.5M-2.1% | $193.6M-8.5% | $211.7M |
| Cash & Equivalents | $39.2M-30.6% | $56.4M+143.8% | $23.1M+37.3% | $16.8M-65.5% | $48.8M-16.9% | $58.7M-18.0% | $71.5M-29.4% | $101.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $127.0M+2.8% | $123.6M+32.2% | $93.5M+4.1% | $89.8M+10.2% | $81.4M-1.2% | $82.4M+7.7% | $76.6M+10.4% | $69.3M |
| Goodwill | $2.4B0.0% | $2.4B0.0% | $2.4B0.0% | $2.4B-12.9% | $2.8B-16.7% | $3.3B+37.8% | $2.4B-37.2% | $3.8B |
| Total Liabilities | $5.1B-0.4% | $5.1B+0.8% | $5.1B+0.1% | $5.1B-1.4% | $5.1B-1.1% | $5.2B-1.1% | $5.3B-1.0% | $5.3B |
| Current Liabilities | $213.3M-15.7% | $253.1M+40.3% | $180.5M-15.6% | $213.8M+18.2% | $180.8M-6.8% | $194.1M+16.4% | $166.7M-2.9% | $171.7M |
| Long-Term Debt | $4.6B+0.3% | $4.6B+0.3% | $4.6B+0.2% | $4.6B+1.2% | $4.5B0.0% | $4.5B-1.9% | $4.6B+0.9% | $4.6B |
| Total Equity | -$101.8M-155.2% | -$39.9M-369.2% | $14.8M-82.4% | $84.0M-86.1% | $603.4M-48.4% | $1.2B-31.5% | $1.7B-2.3% | $1.7B |
| Retained Earnings | -$2.3B-3.1% | -$2.3B-2.8% | -$2.2B-3.3% | -$2.1B-32.8% | -$1.6B-55.5% | -$1.0B-108.1% | -$499.3M-6.7% | -$467.9M |
CTEV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.9M-67.6% | $61.2M+303.7% | -$30.1M+10.0% | -$33.4M-280.9% | $18.5M-62.8% | $49.7M+79.5% | $27.7M-61.6% | $72.1M |
| Capital Expenditures | $36.2M+47.0% | $24.6M-36.6% | $38.9M+27.7% | $30.4M+19.6% | $25.4M-16.7% | $30.5M-2.5% | $31.3M+39.8% | $22.4M |
| Free Cash Flow | -$16.3M-144.6% | $36.6M+153.1% | -$68.9M-7.9% | -$63.8M-815.5% | -$7.0M-136.4% | $19.2M+626.6% | -$3.6M-107.3% | $49.7M |
| Investing Cash Flow | -$22.9M+7.1% | -$24.6M+36.6% | -$38.9M-27.7% | -$30.4M-19.6% | -$25.4M+16.7% | -$30.5M+2.5% | -$31.3M-42.1% | -$22.1M |
| Financing Cash Flow | -$13.6M-322.5% | -$3.2M-104.4% | $73.2M+2104.7% | -$3.6M-20.2% | -$3.0M+90.4% | -$31.5M-40.1% | -$22.5M+41.4% | -$38.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0 | $0 | $0-100.0% | $10.4M+399.0% | $2.1M | $0 |
CTEV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.8%-0.0pp | 74.8%+0.9pp | 73.9%-1.5pp | 75.4%+1.7pp | 73.7%-0.7pp | 74.4%-0.8pp | 75.1%+0.2pp | 74.9% |
| Operating Margin | 4.1%-2.8pp | 6.9%+2.6pp | 4.2%+22.0pp | -17.8%+206.6pp | -224.4%-17.0pp | -207.4%-224.1pp | 16.7%+0.4pp | 16.3% |
| Net Margin | -28.4%-2.4pp | -25.9%+4.9pp | -30.8%+28.6pp | -59.4%+187.6pp | -247.0%-16.9pp | -230.1%-217.3pp | -12.9%-2.9pp | -9.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.4%-0.2pp | -1.2%+0.2pp | -1.4%+1.3pp | -2.7%+7.4pp | -10.0%-1.6pp | -8.5%-8.0pp | -0.4%-0.1pp | -0.3% |
| Current Ratio | 1.21+0.2 | 0.98-0.0 | 1.02+0.2 | 0.82-0.2 | 1.06+0.1 | 0.98-0.2 | 1.16-0.1 | 1.23 |
| Debt-to-Equity | -45.17+69.8 | -114.97-423.6 | 308.68+254.3 | 54.34+46.9 | 7.48+3.6 | 3.85+1.2 | 2.69+0.1 | 2.61 |
| FCF Margin | -6.7%-21.8pp | 15.2%+45.0pp | -29.8%-2.3pp | -27.5%-24.5pp | -3.0%-11.2pp | 8.2%+9.7pp | -1.5%-22.0pp | 20.5% |
Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Claritev Corp's annual revenue?
Claritev Corp (CTEV) reported $930.6M in total revenue for fiscal year 2024. This represents a -3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Claritev Corp's revenue growing?
Claritev Corp (CTEV) revenue declined by 3.2% year-over-year, from $961.5M to $930.6M in fiscal year 2024.
Is Claritev Corp profitable?
No, Claritev Corp (CTEV) reported a net income of -$1.6B in fiscal year 2024, with a net profit margin of -176.8%.
What is Claritev Corp's earnings per share (EPS)?
Claritev Corp (CTEV) reported diluted earnings per share of $-101.92 for fiscal year 2024. This represents a -1691.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Claritev Corp's EBITDA?
Claritev Corp (CTEV) had EBITDA of -$957.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Claritev Corp have?
As of fiscal year 2024, Claritev Corp (CTEV) had $16.8M in cash and equivalents against $4.6B in long-term debt.
What is Claritev Corp's gross margin?
Claritev Corp (CTEV) had a gross margin of 74.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Claritev Corp's operating margin?
Claritev Corp (CTEV) had an operating margin of -149.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Claritev Corp's net profit margin?
Claritev Corp (CTEV) had a net profit margin of -176.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Claritev Corp's free cash flow?
Claritev Corp (CTEV) generated -$10.5M in free cash flow during fiscal year 2024. This represents a -116.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Claritev Corp's operating cash flow?
Claritev Corp (CTEV) generated $107.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Claritev Corp's total assets?
Claritev Corp (CTEV) had $5.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Claritev Corp's capital expenditures?
Claritev Corp (CTEV) invested $118.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Claritev Corp buy back shares?
Yes, Claritev Corp (CTEV) spent $10.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Claritev Corp have outstanding?
Claritev Corp (CTEV) had 16M shares outstanding as of fiscal year 2024.
What is Claritev Corp's current ratio?
Claritev Corp (CTEV) had a current ratio of 0.82 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Claritev Corp's debt-to-equity ratio?
Claritev Corp (CTEV) had a debt-to-equity ratio of 54.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Claritev Corp's return on assets (ROA)?
Claritev Corp (CTEV) had a return on assets of -31.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Claritev Corp's Piotroski F-Score?
Claritev Corp (CTEV) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Claritev Corp's earnings high quality?
Claritev Corp (CTEV) has an earnings quality ratio of -0.07x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Claritev Corp cover its interest payments?
Claritev Corp (CTEV) has an interest coverage ratio of -4.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Claritev Corp?
Claritev Corp (CTEV) scores 6 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.