Claritev Corp
Business
Claritev Corporation is a technology, data and insights company that provides solutions to improve transparency, affordability and quality across the U.S. healthcare system. The company offers four solution categories: Claims Intelligence Solutions (reference-based pricing, negotiation services, surprise bill services); Network Solutions (contracted provider discounts and network management); Payment and Revenue Integrity Solutions (pre- and post-payment claim review, subrogation); and Data and Analytics Solutions (price transparency software, predictive analytics). Claritev serves commercial healthcare payers, third-party administrators, employers, brokers, providers and government healthcare payers through direct client relationships and distribution channels, with over 750 payers serving more than 100,000 plan sponsors.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | 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 | 965 | 931 | 962 | 1,080 | 1,118 | |
| Costs of services (exclusive of depreciation and amortization of intangible assets shown below) | 253 | 239 | 235 | 204 | 175 | |
| General and administrative expenses | 222 | 151 | 143 | 167 | 151 | |
| Depreciation | 102 | 88 | 77 | 69 | 65 | |
| Amortization of intangible assets | 344 | 344 | 343 | 341 | 340 | |
| Loss on impairment of goodwill and intangible assets | 0 | 1,489 | 0 | 662 | 0 | |
| Loss on disposal of leases | 7 | 729,000 | 24,000 | — | — | |
| Loss on sale of assets | 9 | 9 | 900,000 | — | — | |
| Total expenses | 937 | 2,321 | 800 | 1,442 | 731 | |
| Operating income (loss) | 29 | −1,390 | 162 | −363 | 386 | |
| Interest expense | 392 | 326 | 333 | — | — | |
| Interest income | −2 | −3 | −8 | −4 | −30,000 | |
| Transaction costs related to refinancing transaction | 8 | 64 | 0 | — | — | |
| Loss (gain) on extinguishment of debt | 670,000 | −6 | −54 | −35 | 16 | |
| Loss on sale of equity investment | 3 | 0 | 0 | — | — | |
| Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares | 0 | −477,000 | −2 | −67 | −33 | |
| Net loss before taxes | −373 | −1,771 | −107 | −561 | 135 | |
| Benefit for income taxes | −89 | −125 | −15 | 12 | 33 | |
| Net loss | −284 | −1,646 | −92 | — | — | |
| Less: net loss attributable to non-controlling interests | 0 | 0 | 0 | — | — | |
| Net loss attributable to Claritev Corporation | −284 | −1,646 | −92 | −573 | 102 | |
| Weighted average shares outstanding Basic (in shares) | 16 | 16 | 16 | 639 | 651 | |
| Weighted average shares outstanding Diluted (in shares) | 16 | 16 | 16 | 639 | 652 | |
| Net loss per share basic (in usd per share) | −17.3 | −101.92 | −5.69 | −0.9 | 0.16 | |
| Net loss per share diluted (in usd per share) | −17.3 | −101.92 | −5.69 | −0.9 | 0.16 | |
| Change in unrealized gain (loss) on interest rate swap, net of tax | 891,000 | 7 | −12 | 0 | 0 | |
| Comprehensive loss | −283 | −1,639 | −103 | −573 | 102 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2024 2024-06-30 | FY 2024 2024-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 17 | 17 | — | — | — | |
| Restricted cash | 12 | 13 | — | — | — | |
| Trade accounts receivable, net | 128 | 90 | — | — | — | |
| Prepaid expenses | 32 | 20 | — | — | — | |
| Prepaid taxes | 12 | 7 | — | — | — | |
| Unbilled Independent Dispute Resolution fees, net | 11 | 22 | — | — | — | |
| Other current assets, net | 14 | 7 | — | — | — | |
| Total current assets | 224 | 176 | — | — | — | |
| Property and equipment, net | 326 | 293 | — | — | — | |
| Operating lease right-of-use assets | 14 | 16 | — | — | — | |
| Goodwill | 2,406 | 2,403 | 2,403 | 2,759 | 3,313 | |
| Other intangibles, net | 1,885 | 2,226 | — | — | — | |
| Other assets, net | 33 | 37 | — | — | — | |
| Total assets | 4,888 | 5,151 | — | — | — | |
| Accounts payable | 60 | 86 | — | — | — | |
| Accrued interest | 100 | 56 | — | — | — | |
| Operating lease obligation, short-term | 5 | 4 | — | — | — | |
| Current portion of long-term debt | 15 | 13 | — | — | — | |
| Accrued compensation | 45 | 34 | — | — | — | |
| Other accrued expenses | 36 | 21 | — | — | — | |
| Total current liabilities | 261 | 214 | — | — | — | |
| Long-term debt, net | 4,560 | 4,510 | — | — | — | |
| 2025 Revolving Credit Facility | 20 | 0 | — | — | — | |
| Operating lease obligation, long-term | 16 | 14 | — | — | — | |
| Deferred income taxes | 198 | 326 | — | — | — | |
| Other liabilities | 0 | 4 | — | — | — | |
| Total liabilities | 5,056 | 5,067 | — | — | — | |
| Commitments and contingencies (Note 15) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value 10,000,000 shares authorized; no shares issued | 0 | 0 | — | — | — | |
| Class A Common stock, $0.0001 par value 1,500,000,000 shares authorized; 17,295,582 and 16,930,827 issued; 16,552,723 and 16,187,968 shares outstanding | 2,000 | 2,000 | — | — | — | |
| Additional paid-in capital | 2,398 | 2,373 | — | — | — | |
| Accumulated deficit | −2,429 | −2,145 | — | — | — | |
| Accumulated other comprehensive loss | −4 | −5 | — | — | — | |
| Treasury stock 742,859 and 742,859 shares | −139 | −139 | — | — | — | |
| Total shareholders (deficit)/equity attributable to Claritev Corporation | −174 | 84 | — | — | — | |
| Non-controlling interests | 7 | 0 | — | — | — | |
| Total shareholders' (deficit)/equity | −167 | 84 | — | — | — | |
| Total liabilities and shareholders (deficit)/equity | 4,888 | 5,151 | — | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Amortization of the right-of-use asset | 3 | 4 | 6 | 6 | 7 | |
| Stock-based compensation | 28 | 27 | 18 | 17 | 18 | |
| Deferred income taxes | −129 | −198 | −114 | −114 | −82 | |
| Amortization of debt issuance costs and discounts | 5 | 11 | 11 | 11 | 12 | |
| Non-cash interest expense | 58 | 0 | 0 | 11 | 12 | |
| Trade accounts receivable, net | −27 | −13 | 4 | 21 | −34 | |
| Prepaid taxes | −5 | −5 | −13,000 | 4 | −5 | |
| Prepaid expenses, other current and non-current assets | −24 | −32 | −7 | 3 | −7 | |
| Accounts payable | −26 | 67 | 6 | — | — | |
| Other accrued expenses, accrued interest and accrued liabilities | 57 | −25 | −19 | — | — | |
| Operating lease, net | −5 | −6 | −7 | −7 | −6 | |
| Net cash provided by operating activities | 117 | 108 | 172 | 372 | 405 | |
| Purchases of property and equipment | −130 | −118 | −109 | −90 | −85 | |
| Proceeds from sale of investment | 13 | 0 | 0 | — | — | |
| OPCG acquisition | −5 | 0 | 0 | 0 | 0 | |
| BST acquisition, net of cash acquired | 0 | 0 | −141 | 0 | 246,000 | |
| Net cash used in investing activities | −121 | −118 | −250 | −104 | −228 | |
| Taxes paid on settlement of vested share awards | −4 | −3 | −465,000 | −2 | −4 | |
| Borrowings on 2025 Revolving Credit Facility | 230 | 0 | 0 | 0 | 0 | |
| Repayment of 2025 Revolving Credit Facility | −210 | 0 | 0 | 0 | 0 | |
| Purchase of treasury stock | 0 | −10 | −15 | 0 | −100 | |
| Payment of debt issuance costs | −4 | −615,000 | 0 | 0 | 0 | |
| Borrowings on finance leases, net | 0 | 67,000 | −30,000 | −26,000 | −32,000 | |
| Proceeds from issuance of Class A common stock under ESPP | 2 | 1 | 508,000 | 0 | 0 | |
| Net cash provided by (used in) financing activities | 2 | −41 | −181 | −116 | −115 | |
| Net decrease in cash, cash equivalents and restricted cash | −1 | −52 | −259 | 152 | 62 | |
| Purchases of property and equipment not yet paid | 21 | 13 | 9 | 5 | 6 | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 6 | 5 | 1 | 4 | 7 | |
| Debt issuance costs not yet paid | 0 | 4 | 0 | — | — | |
| Interest | −283 | −315 | −323 | −290 | −231 | |
| Income taxes, net of refunds | −44 | −80 | −100 | −124 | −132 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Claritev Corp's CIK number?
Claritev Corp's SEC CIK number is 0001793229 (1793229). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Claritev Corp's SEC filings?
All of Claritev Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Claritev Corp last report earnings?
Claritev Corp (CTEV) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001793229-26-000041). This is Claritev Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Claritev Corp's most recent earnings 8-K?
Claritev Corp's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001793229-26-000041. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Claritev Corp's latest earnings 8-K →
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