Quarterly ResultMay 7, 2026, 06:13 AM
Claritev Q1 Revenue $244.7M (+5.8%); Net Loss $73.6M; Adj. EBITDA $146.9M
AI Summary
Claritev Corporation reported its financial results for the first quarter ended March 31, 2026, showing a 5.8% increase in revenues to $244.7 million and a 3.4% rise in Adjusted EBITDA to $146.9 million. However, the company's net loss widened to $73.6 million, and net cash used in operating activities increased. Claritev also updated its full-year 2026 revenue guidance, slightly raising the lower end of the range, while maintaining other financial guidance.
Key Highlights
- Q1 2026 Revenues grew 5.8% to $244.7 million from $231.3 million in Q1 2025.
- Net Loss for Q1 2026 was $73.6 million, compared to $71.3 million in Q1 2025.
- Adjusted EBITDA increased 3.4% to $146.9 million in Q1 2026 from $142.1 million in Q1 2025.
- Net cash used in operating activities was $45.8 million in Q1 2026, up from $30.1 million in Q1 2025.
- Free Cash Flow was $(92.5) million for Q1 2026, compared to $(68.9) million in Q1 2025.
- Unrestricted cash and cash equivalents stood at $21.3 million at the end of Q1 2026.
- Updated FY 2026 Revenue Guidance raised to $985 million-$1 billion from $980 million-$1 billion.
- FY 2026 Adjusted EBITDA Guidance maintained at $605 million-$615 million.