Quarterly ResultApr 29, 2026, 06:13 AM
CLVT Q1 Net Loss $(40.2)M (vs $(103.9)M); Operating Income $30.2M
AI Summary
Clarivate Plc reported a significant improvement in its Q1 2026 financial results, with net loss narrowing to $(40.2)M from $(103.9)M in the prior year, and operating income turning positive to $30.2M from a $(20.8)M loss. This improvement occurred despite a slight revenue decrease of 1.4% to $585.5M. The company also actively managed its debt, redeeming $100.0M in Senior Secured Notes and repurchasing additional debt for a gain.
Key Highlights
- CLVT Q1 net loss improved to $(40.2)M from $(103.9)M YoY.
- Operating income turned positive at $30.2M, up from $(20.8)M YoY.
- Revenues decreased 1.4% to $585.5M from $593.7M YoY.
- Redeemed $100.0M Senior Secured Notes due 2026 in January.
- Repurchased $42.6M debt for $38.5M cash, realizing a $3.8M gain.
- Net cash provided by operating activities was $134.7M, down from $171.2M.
- Academia & Government segment revenue was $295.0M, down from $302.7M.
- Intellectual Property segment revenue increased to $197.2M from $192.7M.
Price Impact
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