Filing Flows › Clarivate (CLVT) › Q1 2025
Clarivate (CLVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Clarivate (CLVT) reported revenue of $594M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -10% from the quarter before. Operating margin was -3.5%, net loss $104M (17.5% of revenue).
Clarivate, Q1 2025: revenue $594M (-4% year over year), operating margin -3.5%, net loss $104M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $594M | -10% | -4% |
| Operating profit | −$20.8M | — | — |
| Net earnings | −$104M | — | — |
| Operating cash flow | $171M | +21% | -3% |
| Free cash flow | $110M | — | -1% |
What changed
Revenue was $593.7M in Q1 2025, down 4% year over year and down 10% from the previous quarter. Subscription revenues was the largest line at 65% of revenue. Transactional and other revenues lost $16.4M year over year (down 14%), 60% of the total change.
Operating costs exceeded revenue by $20.8M, an operating margin of -3.5%. Total costs fell 0% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $103.9M, narrower than the previous quarter's $191.8M loss. Net interest and other expense of $64.3M was the main reason.
Operating cash flow was $171.2M (down 3% year over year). Non-cash charges added back $185.4M of depreciation and amortization and $10.7M of share-based compensation. Working capital and other items added $79.0M. After capital expenditures ($60.9M), free cash flow as the company reports it was $110.3M.
Questions
What was Clarivate's revenue in the first quarter 2025?
Clarivate (CLVT) reported revenue of $594M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -10% from the quarter before.
Was Clarivate profitable in the first quarter 2025?
Operating loss was $20.8M (-3.5% of revenue) and net loss $104M.
Source: Clarivate 10-Q on SEC EDGAR.