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Claritev (CTEV) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 7, 2026 · Claritev (CTEV) Q2 2026 earnings results →

Q2 2026 Revenue up 7% year over year to $257M · 23¢ of every $1 of revenue lost · operating margin 9.1%

Claritev made $257M in Q2 2026 (+7% Y/Y): Claims Intelligence Solutions $178M, Network Solutions $50.3M, Payment and Revenue Integrity Solutions $28.7M. Operating margin 9.1%, net loss $59.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 7, 2026.

Revenue$257M
Year over year+7%
Operating margin9.1%
Net earnings−$59.2M
Operating cash flow$92.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $257.5M in Q2 2026, up 7% year over year and up 5% from the previous quarter. Claims Intelligence Solutions was the largest line at 69% of revenue. Claims Intelligence Solutions added $21.5M year over year (up 14%), 135% of the total change. Network Solutions declined 7%.

Operating profit was $23.4M, a 9.1% margin (up 2.2 points year over year). Of the extra revenue versus Q2 2025, 43% reached operating profit, above the 7% margin then. Total costs grew 4% against revenue growth of 7%. The fastest-growing cost line was Cost of revenue (+11%). The quarter ended with a net loss of $59.2M, narrower than the previous quarter's $73.6M loss. Net interest and other expense of $100.1M was the main reason.

Operating cash flow was $92.7M (up 51% year over year). Non-cash charges added back $110.7M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $33.8M. After purchases of property and equipment ($38.1M), free cash flow as the company reports it was $54.6M.

Quarterly history

Claritev revenue by quarterClaritev revenue by quarter$232MQ4 2024$231MQ1 2025$242MQ2 2025$246MQ3 2025$247MQ4 2025$245MQ1 2026$257MQ2 2026
Claritev net earnings by quarterClaritev net earnings by quarter−$138MQ4 2024−$71.3MQ1 2025−$62.6MQ2 2025−$69.8MQ3 2025−$80.6MQ4 2025−$73.6MQ1 2026−$59.2MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 7, 2026$257M+7%9.1%−$59.2M$92.7M
Q1 202610-QMay 7, 2026$245M+6%2.7%−$73.6M−$45.8M
Q4 202510-KFeb 26, 2026$247M+6%-3.1%−$80.6M$66.3M
Q3 202510-QNov 7, 2025$246M+7%4.1%−$69.8M$19.9M
Q2 202510-QAug 7, 2025$242M+4%6.9%−$62.6M$61.2M
Q1 202510-QMay 9, 2025$231M-1%4.2%−$71.3M−$30.1M
Q4 202410-KFeb 26, 2025$232M-5%-17.8%−$138M−$33.4M

Charts

Claritev: revenue growth, year over year and quarter over quarterClaritev: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q4 2024-1%0%Q1 2025+4%+4%Q2 2025+7%+2%Q3 2025+6%+0%Q4 2025+6%-1%Q1 2026+7%+5%Q2 2026
Latest (Q2 2026): Y/Y +7%, Q/Q +5%.
Claritev: where the cash came from (+) and went (−), TTM to Q2 2026Claritev: where the cash came from (+) and went (−), TTM to Q2 2026Capital spending−$151MOperating cash flow$133MCash drawn (+) / kept (−)$39.6MOther financing−$14.7MNet borrowing (+) / repaid (−)−$10.0MOther investing$8.6MTaxes on employees’ shares−$4.1MBuybacks−$3.5MShares issued$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Claritev: profit against cash, quarter by quarterClaritev: profit against cash, quarter by quarterNet incomeOperating cash flow−$391M$72.8MQ3 2024−$138M−$33.4MQ4 2024−$71.3M−$30.1MQ1 2025−$62.6M$61.2MQ2 2025−$69.8M$19.9MQ3 2025−$80.6M$66.3MQ4 2025−$73.6M−$45.8MQ1 2026−$59.2M$92.7MQ2 2026
Latest (Q2 2026): Net income −$59.2M, Operating cash flow $92.7M.
Claritev: diluted shares by fiscal yearClaritev: diluted shares by fiscal year471MFY2020652MFY2021639MFY202216MFY202316MFY202416MFY2025
-96.5% since FY2020: buybacks shrank the count.
Claritev: long-term debt falling due (FY2025)Claritev: long-term debt falling due (FY2025)$14.7M2026$15.1M2027$25.8M2028$14.7M2029$2.8B2030$1.8BLater
Cash $16.8M, short-term investments —, long-term debt $4.6B at 2025-12-31.
Claritev in its industry: growth against margin (87 companies, SIC 7389)Claritev in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLFISVDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURRBAMMSTNETAKAMCARTWUCSGPADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPAYOPRTHXMTRFLYWGETYANDGNUTXACVAXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBXHLDFTFTDBMMCNFNSRCOGBUXWASTBCRDCTEV (+7%, 9%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Claritev

Claritev Corporation is a technology, data and insights company focused on improving transparency, affordability and quality across the healthcare system. Claritev brings objective, market-based insights to some of the healthcare system's most complex decisions - grounded in decades of claims experience. By applying data, analytics and experience, Claritev helps organizations across the healthcare ecosystem better understand costs, pricing and payment dynamics. This clarity enables more informed decision-making, reduces friction and improves how the healthcare system functions in service of greater affordability, alignment and long-term sustainability. Founded in 1980, Claritev brings over 45 years of claims and data experience and builds on world-class technology and artificial intelligence ("AI") solutions, to deliver its portfolio of product and service offerings.

In its own words, from its 10-K, filed Feb 26, 2026.

Claritev against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +10%. Operating margin: 9.1% against the peers' median 9.8%.

CompanyQuarterRevenueY/YOp. margin
CTEV ClaritevQ2 2026$257M+7%9.1%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
FISV FiservQ3 2026$5.2B-1%-105.7%
DASH DoorDashQ3 2026$4.6B+34%9.6%

Source: Claritev 10-Q on SEC EDGAR · CIK 1793229 · Services-Business Services, NEC

13F: who owns CTEV and who is buying

Largest holders of CTEV (13F)Largest holders of CTEV (13F)H&F Corporate Investors Viii$133MArini Captial Management$105MAres Management LLC$63.6MPublic Investment Fund$43.7MVanguard Group$25.0MBlackRock$24.7MCPV Partners, LLC$16.9MBeach Point Capital Management LP$15.9MVanguard Capital Management LLC$14.4MPrudential Financial$12.1M
Funds' net buying of CTEV by quarter (13F)Funds' net buying of CTEV by quarter (13F)$963K2024-09−$142K2024-12$109M2025-03$36.7M2025-06$2.0M2025-09−$9.4M2025-12−$750K2026-03$43.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CTEV

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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