CLARIVATE PLCCLVT

CLARIVATE PLC Revenue Disclosure

10-KFiled Feb 24, 20262 min read
Revenues
We disaggregate our revenues by transaction type, by segment (see Note 15 - Segment Information), and by geography.
The following table presents revenues by transaction type, based on revenue recognition pattern:
Year Ended December 31,
2025
2024
2023
Subscription
$1,605.5
$1,626.8
$1,618.1
Re-occurring
434.2
429.8
444.6
Recurring revenues
2,039.7
2,056.6
2,062.7
Transactional
415.5
500.1
566.1
Revenues
$2,455.2
$2,556.7
$2,628.8
The following table presents revenues by geography, based on customer location:
Year Ended December 31,
2025
2024
2023
Americas
$1,303.0
$1,381.4
$1,405.5
EMEA
654.8
667.8
707.5
APAC
497.4
507.5
515.8
Revenues
$2,455.2
$2,556.7
$2,628.8
For the years ended December 31, 2025, 2024, and 2023, approximately 49%, 50%, and 49% of our revenues were attributed
to customers in the U.S., respectively. No other country accounted for more than 10% of our revenues.
As of December 31, 2025 and 2024, the capitalized amount of sales commissions included within Prepaid expenses was
$15.2 and $15.4, respectively, and the capitalized amount included in Other non-current assets was $18.7 and $21.4,
respectively. We have not recorded any impairments against these capitalized commission costs.
The following table presents our contract balances:
December 31,
2025
2024
Accounts receivable, net
$821.7
$798.3
Current portion of deferred revenues
$878.6
$859.1
Non-current portion of deferred revenues
$17.0
$16.6
During the year ended December 31, 2025, we recognized revenues of $737.8 attributable to deferred revenues recorded at
the beginning of the period, primarily consisting of subscription revenues recognized ratably over the contractual term.
Our remaining performance obligations are included in the current or non-current portion of deferred revenues on the
Consolidated Balance Sheets. The majority of these obligations relate to customer contracts where we license the right to use
our products or provide maintenance services over a contractual term, generally one year or less.

Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 19, 2025
2023Feb 27, 2024
2022Mar 1, 2023
2021Mar 10, 2022
2020Feb 26, 2021
2019Mar 2, 2020

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

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