Filing Flows › Clarivate (CLVT) › Q3 2025
Clarivate (CLVT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Clarivate (CLVT) reported revenue of $623M for the third quarter 2025 (Q3 2025), +0.1% from a year earlier and +0.3% from the quarter before. Operating margin was 7.4%, net loss $28.3M (4.5% of revenue).
Clarivate, Q3 2025: revenue $623M (+0.1% year over year), operating margin 7.4%, net loss $28.3M, operating cash flow $181M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $623M | +0.3% | +0.1% |
| Operating profit | $45.9M | +565% | — |
| Net earnings | −$28.3M | — | — |
| Operating cash flow | $181M | +56% | -11% |
| Free cash flow | $116M | — | -9% |
What changed
Revenue was $623.1M in Q3 2025, roughly flat year over year and roughly flat from the previous quarter. Subscription revenues was the largest line at 65% of revenue. Transactional and other revenues added $8.0M year over year (up 8%), 889% of the total change. Subscription revenues declined 1%.
Operating profit was $45.9M, a 7.4% margin (up 3.9 points year over year). Of the extra revenue versus a year earlier, 2689% reached operating profit, above the 3% margin then. Total costs fell 4% while revenue was flat. The quarter ended with a net loss of $28.3M, narrower than the previous quarter's $72.0M loss. Net interest and other expense of $70.4M was the main reason.
Operating cash flow was $181.1M (down 11% year over year). Non-cash charges added back $191.8M of depreciation and amortization and $16.1M of share-based compensation. After capital expenditures ($65.6M), free cash flow as the company reports it was $115.5M.
Questions
What was Clarivate's revenue in the third quarter 2025?
Clarivate (CLVT) reported revenue of $623M for the third quarter 2025 (Q3 2025), +0.1% from a year earlier and +0.3% from the quarter before.
Was Clarivate profitable in the third quarter 2025?
Operating profit was $45.9M (7.4% of revenue) and net loss $28.3M.
Source: Clarivate 10-Q on SEC EDGAR.