Filing Flows › Clarivate (CLVT) › Q3 2026 › vs Q3 2025
Clarivate (CLVT) Q3 2026 vs Q3 2025 (year over year)
Clarivate's revenue fell $48.7M (-9%) from $530M in Q3 2025 to $482M in Q3 2026. The biggest changes: Transactional and other revenues −$51.6M (-58%); Recurring Revenues +$2.9M (+0.7%).
Clarivate, Q3 2026: revenue $482M (-9% year over year), operating margin 8.3%, net loss $80.8M, operating cash flow $166M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 22.9% | 21.8% | +1.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subscription revenues | $338M | $336M | $2.4M | +0.7% |
| Re-occurring Revenues | $106M | $105M | $500K | +0.5% |
| Recurring Revenues | $444M | $441M | $2.9M | +0.7% |
| Transactional and other revenues | $37.5M | $89.1M | −$51.6M | -58% |
| Revenue | $482M | $530M | −$48.7M | -9% |
| Net loss | $80.8M | $28.3M | $52.5M | +186% |
| Costs & expenses | $562M | $559M | $3.8M | +0.7% |
| Operating costs | $442M | $484M | −$42.9M | -9% |
| Interest & other, net | $115M | $71.9M | $43.5M | +61% |
| Income tax | $5.5M | $2.3M | $3.2M | +139% |
| Cost of revenue | $139M | $178M | −$39.5M | -22% |
| SG&A | $135M | $146M | −$11.1M | -8% |
| Other operating costs | $168M | $160M | $7.7M | +5% |
| Operating cash sources | $246M | $209M | $37.0M | +18% |
| Depreciation & amortization | $162M | $169M | −$6.3M | -4% |
| Share-based compensation | $10.8M | $16.1M | −$5.3M | -33% |
| Working capital & other | $73.3M | $24.7M | $48.6M | +197% |
| Net loss absorbed | $80.8M | $28.3M | $52.5M | +186% |
| Operating cash flow | $166M | $181M | −$15.5M | -9% |
| Free cash flow (company-reported) | $110M | $116M | −$5.3M | -5% |
| Capital expenditures | $55.4M | $65.6M | −$10.2M | -16% |
Questions
How much did Clarivate's revenue grow year over year in Q3 2026?
Clarivate's revenue fell $48.7M (-9%) from $530M in Q3 2025 to $482M in Q3 2026.
What drove Clarivate's revenue change in Q3 2026?
Transactional and other revenues −$51.6M (-58%); Recurring Revenues +$2.9M (+0.7%).