The beat-and-raise quarter with improving cash flow and bookings momentum ($70M+ in 1H) supports continued revenue acceleration toward Vision 2030 targets. Monitor Q3 bookings trajectory and operating cash flow conversion for confirmation of sustainable growth.
Price Chart
Executive Summary
Claritev reported Q2 2026 revenue of $257.5M (+6.6% YoY) and an Adjusted EBITDA of $155.8M (+1.1% YoY), beating expectations. The company raised its full-year revenue guidance to $1.0B-$1.02B (from $985M-$1.0B) and Adjusted EBITDA guidance to $610M-$620M (from $605M-$615M), signaling continued operational momentum.
Key Financial Metrics
Key Facts
- Q2 2026 revenue of $257.5M, up 6.6% YoY from $241.6M
- Net loss improved to $59.2M from $62.6M in Q2 2025
- Adjusted EBITDA of $155.8M, up 1.1% YoY (margin 60.5%)
- FY 2026 revenue guidance raised to $1.0B-$1.02B, FY 2026 Adjusted EBITDA guidance raised to $610M-$620M
- Free cash flow turned positive at $54.6M in Q2 vs $36.6M in Q2 2025
- Operating cash flow improved to $92.7M from $61.2M YoY
Financial Impact
Revenue beat consensus by ~5.2% ($257.5M vs $244.8M est); FY guidance raise implies ~$35M incremental revenue at midpoint
Risk Factors
- High leverage ($4.59B long-term debt vs $14.4M cash) remains a significant financial risk
- Adjusted EBITDA margin declined to 60.5% from 63.8% YoY, indicating cost pressures
- Net loss and negative shareholders' equity persist despite revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001793229-26-000065 |
| Document: ctev-20260807.htm | 0001793229-26-000065 |
| Document: 0001793229-26-000065-index-headers.html | 0001793229-26-000065 |
| Document: 0001793229-26-000065-index.html | 0001793229-26-000065 |
| Document: 0001793229-26-000065.txt | 0001793229-26-000065 |
| 8-K Data (Synthetic) | 0001793229-26-000065 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $35.54 $29.45 | ▼ −17.14% | ▼ −19.26% | $22.42 (−36.93%) |
Aug 18, 2026 6w ago | Insider Cluster | $35.39 $37.57 | ▲ +6.16% | ▲ +6.55% | $22.42 (−36.66%) |
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Mar 12, 2026 29w ago | Insider Cluster | $16.02 $15.34 | ▼ −4.24% | ▼ −3.27% | $22.42 (+39.92%) |
Feb 27, 2026 31w ago | Insider Cluster | $13.47 $17.21 | ▲ +27.77% | ▲ +29.75% | $22.42 (+66.41%) |
Feb 27, 2026 31w ago | Insider Cluster | $13.47 $17.21 | ▲ +27.77% | ▲ +29.75% | $22.42 (+66.41%) |
US Market Status
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