CTEV extends key client agreements; avg term >3 years disclosed

Rhea-AI Filing Summary

Claritev Corporation renewed contracts with its ten largest clients during 2025, a group that represented approximately 70% of total 2024 revenues. The renewals include automatically renewing agreements that were each renewed for one year.

Excluding clients with automatic one-year renewals, these largest clients accounted for approximately 57% of 2024 revenues. Within this group, the weighted average contract term is greater than three years, excluding the one-year automatic renewals. Claritev highlights continued focus on affordability, transparency, and quality through technology and AI across its enterprise platform.

Insights

Enterprise contracts analyst

Renewals secure a large revenue base; terms skew multi-year.

Claritev reports 2025 renewals across its ten largest clients, which comprised approximately 70% of 2024 revenues. Excluding auto-renewing accounts, the group represented approximately 57% of 2024 revenues, indicating concentration in top customers.

The weighted average contract term is greater than three years for the non–auto-renew cohort, suggesting multi-year visibility, while the auto-renew subset cycles annually. No pricing or volume changes are disclosed in the excerpt.

The update signals continuity with core clients as of October 15, 2025. Actual revenue trajectory will depend on client usage and any terms not provided here.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Understanding 8-K Material Events →

0001793229FALSE00017932292025-10-152025-10-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 15, 2025

Claritev Corporation

(Exact name of registrant as specified in its charter)

Delaware

001-39228

84-3536151

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

7900 Tysons One Place, Suite 400

McLean, Virginia 22102

(212) 780-2000

(Address, including zip code, and telephone number,

including area code, of registrant’s principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Shares of Class A Common Stock, $0.0001 par value per share

CTEV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

As of October 15, 2025, Claritev Corporation (the “Company”) has successfully renewed contracts with its ten largest clients (based on fiscal year 2024 revenues) during the current year, inclusive of automatically renewing contracts that were each renewed for one year. This group of clients represented approximately 70% of total 2024 revenues and, excluding the clients that have automatically renewing contracts, approximately 57% of total 2024 revenues. Within this group of our largest clients, the weighted average contract term is greater than three years, excluding the clients that have automatically renewing one-year contracts.

By extending its long-term agreements, the Company reinforces its commitment to stability, growth, and partnership with its core clients. The Company remains focused on improving affordability, transparency, and quality by leveraging technology and artificial intelligence solutions to power a robust enterprise platform that delivers meaningful insights across its market verticals.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:    October 16, 2025

                                Claritev Corporation

                                By:    /s/ Douglas M. Garis         

                                Name:    Douglas M. Garis

                                Title:    Executive Vice President and Chief Financial Officer

FAQ

What did CTEV announce in this update?

Claritev renewed contracts with its ten largest clients during 2025, reinforcing long-term relationships with its core customer base.

How much of Claritev’s revenue do these clients represent?

This group represented approximately 70% of total 2024 revenues; excluding automatically renewing clients, the group represented approximately 57%.

What are the contract terms disclosed by CTEV?

The weighted average contract term is greater than three years for the largest clients, excluding those with automatically renewing one-year contracts.

Were any automatically renewing contracts included?

Yes. Automatically renewing contracts were each renewed for one year as part of the 2025 renewals.

Did Claritev disclose pricing or financial terms in the renewals?

The excerpt does not include pricing or additional financial terms, focusing on renewal status and contract duration.

When was the renewal status current?

As of October 15, 2025.