Filing Flows › Clarivate (CLVT) › Q2 2025
Clarivate (CLVT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Clarivate (CLVT) reported revenue of $621M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +5% from the quarter before. Operating margin was 1.1%, net loss $72.0M (11.6% of revenue).
Clarivate, Q2 2025: revenue $621M (-4% year over year), operating margin 1.1%, net loss $72.0M, operating cash flow $116M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $621M | +5% | -4% |
| Operating profit | $6.9M | — | — |
| Net earnings | −$72.0M | — | — |
| Operating cash flow | $116M | -32% | -8% |
| Free cash flow | $50.3M | — | -17% |
What changed
Revenue was $621.4M in Q2 2025, down 4% year over year and up 5% from the previous quarter. Subscription revenues was the largest line at 65% of revenue. Transactional and other revenues lost $29.3M year over year (down 22%), 101% of the total change.
Operating profit was $6.9M, a 1.1% margin (up 38.0 points year over year). Total costs fell 31% while revenue fell 4%. The quarter ended with a net loss of $72.0M, narrower than the previous quarter's $103.9M loss. Net interest and other expense of $66.6M was the main reason.
Operating cash flow was $116.3M (down 8% year over year). Non-cash charges added back $190.9M of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items used $21.2M. After capital expenditures ($66.0M), free cash flow as the company reports it was $50.3M.
Questions
What was Clarivate's revenue in the second quarter 2025?
Clarivate (CLVT) reported revenue of $621M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +5% from the quarter before.
Was Clarivate profitable in the second quarter 2025?
Operating profit was $6.9M (1.1% of revenue) and net loss $72.0M.
Source: Clarivate 10-Q on SEC EDGAR.