CLARIVATE PLC

Listed Company

CLVTCIK 0001764046NYSELarge AcceleratedServices-Computer Processing & Data PreparationY9GBFY ends Dec 31

Period

FY 2025

Revenue

$2.46B

Net Income

$-201.10M

Total Assets

$11.07B

Equity

$4.84B

Shares Out

639.20M

Op. Cash Flow

$628.50M

Business

CLARIVATE PLC is a global provider of transformative intelligence that connects organizations to trusted data, analytics, workflow solutions, and expert services to support the innovation lifecycle. It offers enriched curated data collections, AI-enabled insights and analytics, automated workflow software, and specialist expert services such as consulting, patent and trademark maintenance and content products. The company operates three segments: Academia & Government; Intellectual Property; and Life Sciences & Healthcare. Clarivate serves universities, libraries, corporations, law firms, government agencies, and life‑science customers worldwide primarily via subscriptions, recurring contracts, and transactional sales.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	2,455	2,557	2,629	2,660	1,877
Cost of revenues	834	869	906	954	626
Selling, general and administrative costs	709	728	740	730	643
Depreciation and amortization	757	727	708	711	538
Goodwill and intangible asset impairments	15	541	980	4,449	0
Restructuring and other impairments	51	20	40	67	—
Other operating expense (income), net	19	−52	−11	−325	28
Total operating expenses	2,384	2,832	3,364	6,585	1,964
Income (loss) from operations	72	−276	−735	−3,926	−87
Fair value adjustment of warrants	0	−5	−16	−207	−81
Interest expense, net	265	283	294	270	—
Income (loss) before income taxes	−194	−554	−1,013	−3,989	−258
Provision (benefit) for income taxes	7	83	−101	−29	12
Net income (loss)	−201	−637	−911	−3,960	−271
Dividends on preferred shares	0	31	75	75	42
Net income (loss) attributable to ordinary shares	−201	−668	−987	−4,036	−312
Basic (in dollars per share)	−0.3	−0.96	−1.47	−5.97	−0.49
Diluted (in dollars per share)	−0.3	−0.96	−1.47	−6.24	−0.61
Basic (in shares)	673	694	672	676	631
Diluted (in shares)	673	694	672	679	641

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents, including restricted cash	329	295	371	357	431
Accounts receivable, net	822	798	908	872	906
Prepaid expenses	94	86	89	89	77
Other current assets	65	65	68	77	67
Total current assets	1,310	1,245	1,462	1,395	1,637
Property and equipment, net	53	54	52	55	84
Other intangible assets, net	8,008	8,441	9,007	9,438	10,392
Goodwill	1,567	1,567	2,024	2,877	7,905
Other non-current assets	68	82	61	98	51
Deferred income taxes	17	49	47	24	28
Operating lease right-of-use assets	47	54	55	59	86
Total assets	11,069	11,490	12,707	13,945	20,183
Accounts payable	151	125	144	101	129
Accrued compensation	147	119	127	132	151
Accrued expenses and other current liabilities	273	309	315	353	529
Current portion of deferred revenues	879	859	983	948	1,030
Current portion of operating lease liability	18	21	24	26	32
Total current liabilities	1,569	1,434	1,600	1,560	1,902
Long-term debt	4,322	4,519	4,721	5,005	5,456
Other non-current liabilities	86	73	42	140	143
Deferred income taxes	212	273	250	316	380
Operating lease liabilities	38	53	63	73	94
Total liabilities	6,227	6,351	6,715	7,132	8,257
Commitments and contingencies (Note 16)	—	—	—	—	—
Ordinary Shares, no par value; unlimited shares authorized; 640.7 and 691.4 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	12,811	12,979	11,741	11,745	11,828
Accumulated other comprehensive loss	−453	−526	−495	−666	327
Accumulated deficit	−7,515	−7,314	−6,646	−5,659	−1,604
Total shareholders' equity	4,843	5,139	5,992	6,813	11,926
Total liabilities and shareholders' equity	11,069	11,490	12,707	13,945	20,183
Current portion of long-term debt(1)	102	1	—	1	31

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-based compensation	63	60	109	94	33
Restructuring and other impairments, including goodwill	19	540	986	4,479	48
Gain on sale from divestitures	0	−55	0	−279	0
Gain on legal settlement	0	0	−49	0	0
Deferred income taxes	−42	21	−78	−54	−13
Amortization and write-off of debt issuance costs	14	16	18	16	13
Other operating activities	14	−2	22	−18	−12
Accounts receivable	−5	93	−26	−28	−64
Prepaid expenses	−8	2	2	−17	3
Other assets	3	−800,000	35	−45	28
Accounts payable	23	−15	41	−24	31
Accrued expenses and other current liabilities	−11	4	−44	−114	86
Deferred revenues	−3	−106	20	−9	200,000
Operating leases, net	−5	−10	−8	−10	−22
Other liabilities	9	9	−81	−24	7
Net cash provided by operating activities	629	647	744	509	324
Capital expenditures	−263	−289	−243	−203	−119
Payments to Acquire Businesses, Net of Cash Acquired	0	−32	−5	−25	−3,930
Proceeds from divestitures, net of cash divested	0	84	11	285	4
Net cash used for investing activities	−263	−237	−237	57	−4,045
Principal payments on debt	−600	−198	−300	−322	−29
Proceeds from Issuance of Debt	500	0	0	—	—
Payment of debt issuance and extinguishment costs	−9	−20	100,000	—	—
Payments for Repurchase of Equity	225	200	100	175	−159
Cash dividends on preferred shares	0	−38	−76	−75	−19
Payments related to tax withholding for share-based compensation	−10	−16	−21	−15	−25
Other financing activities	1	1	−500,000	5	—
Net cash used for financing activities	−343	−470	−497	−759	4,032
Effects of exchange rates	12	−15	4	−38	4
Net change in cash and cash equivalents, including restricted cash	34	−76	14	−231	315
Cash paid for interest	256	265	274	252	182
Cash paid for income tax	42	53	43	64	34

Filings

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