Segment Information

ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an entity for which separate financial information is available and regularly reviewed by the chief operating decision maker. The Company’s chief operating decision maker ("CODM") is the Chief Executive Officer. The Company manages its operations as a single segment for the purposes of assessing performance and making decisions. The Company's singular focus is being a leading value-added provider of data analytics and technology-enabled end-to-end cost management, payment and revenue integrity solutions to the healthcare industry.

The CODM assesses performance for our reporting segment and decides how to allocate resources based on consolidated net income (loss). The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. The CODM uses net income (loss) to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into our segment or into other parts of the entity, such as for acquisitions or debt and equity repurchases. Additionally, we have identified personnel expenses, stock-based compensation ("SBC"), and access and bill review fees as significant expenses that are regularly provided to the CODM and included in net income (loss). Personnel expenses are defined as salaries and corresponding benefits (excluding SBC), severance costs, indirect costs such as recruitment fees, contract labor, and are presented net of capitalized costs. Stock-based compensation includes expense under the 2020 Omnibus Incentive Plan and ESPP. Access and bill review fees include fees for accessing non-owned third-party provider networks, expenses associated with vendor fees for database access and systems technology used to reprice claims, and outsourced services. Third-party network expenses are fees paid to non-owned provider networks used to supplement our owned network assets to provide more network claim savings to our clients.

In addition, substantially all of the Company's revenues and long-lived assets are attributable to operations in the United States for all periods presented.

The following table presents summary results for our reporting segment for the periods presented (in thousands):


	Year Ended December 31,
	2025		2024		2023
Revenues	$	965,413	$	930,624	$	961,524
Cost of Services ("COS")
Personnel expenses excluding stock-based compensation	191,849		186,132		188,910
Stock-based compensation, including cRSUs	10,325		8,080		5,532
Access and bill review fees	25,117		21,886		19,327
Other cost of service expenses	26,120		23,306		21,699
Costs of services (exclusive of depreciation and amortization of intangible assets shown below)	253,411		239,404		235,468
General and Administrative ("G&A")
Personnel expenses excluding stock-based compensation	62,956		64,046		60,152
Stock-based compensation, including cRSUs	25,768		18,565		12,486
Transaction-related expenses	—		—		8,064
Transformation costs	44,954		—		—
Other general and administrative expenses	87,840		68,280		62,480
General and Administrative Expenses	221,518		150,891		143,182
Depreciation	101,669		88,190		77,323
Amortization of intangible assets	343,757		343,883		342,694
Loss on impairment of goodwill and intangible assets	—		1,488,863		—
Loss on disposal of leases	6,936		729		24
Loss on sale of assets	9,357		8,595		851
Total expenses	936,648		2,320,555		799,542
Operating income (loss)	28,765		(1,389,931)		161,982
Interest expense	392,022		326,371		333,208
Interest income	(1,561)		(3,130)		(8,233)
Transaction costs related to refinancing transaction	8,045		63,930		—
Loss (gain) on extinguishment of debt	670		(5,913)		(53,968)
Loss on sale of equity investment	2,667		—		—
Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares	—		(477)		(1,965)

Net loss before taxes	(373,078)		(1,770,712)		(107,060)
Benefit for income taxes	(88,796)		(124,881)		(15,363)
Net loss	(284,282)		(1,645,831)		(91,697)
Less: net loss attributable to non-controlling interests	—		—		—
Net loss attributable to Claritev Corporation	$	(284,282)	$	(1,645,831)	$	(91,697)

Historical Timeline

Fiscal Year	Filed
2025	Feb 26, 2026	Showing above
2024	Feb 26, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Claritev Corp Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures