Q2 2026 Claritev Corp Earnings Call Transcript

Aug 7, 2026 / 12:00 PM GMT

Release Date Price: $32.59 (+21.42%)

Transcript 10-Q8-K

Key Points

Positve

Claritev Corp (CTEV) reported strong Q2 2026 results, with revenue of $257.5 million, up 6.6% year-over-year, and adjusted EBITDA of $155.8 million, both exceeding expectations.
The company achieved record bookings of $74 million ACV in the first half of 2026, surpassing the full-year 2025 total, and is on track to exceed its $100 million annual bookings target.
Claritev Corp (CTEV) saw significant growth in its claims intelligence service line, up nearly 14% in Q2, driven by strong performance in the No Surprises Act (NSA) business, with arbitration outcomes outperforming the industry by approximately 8 percentage points.
The company generated strong cash flow, with operating cash flow of $93 million (up 51% year-over-year) and levered free cash flow of $54.6 million (up 49%), the highest quarterly performance in 15 quarters.
Claritev Corp (CTEV) is leveraging AI across its operations, with initiatives like the Pro Pricer product identifying over $1 billion in additional savings, and more than half of its code now generated by AI, positioning the company for future efficiency gains.

Negative

Claritev Corp (CTEV) faces ongoing revenue headwinds in its network segment, which is expected to decline high single-digits this year due to $18.5 million in one-time revenue from the prior year.
The company's revenue growth is partly dependent on a single large NSA client, which drove the Q2 volume increase, creating concentration risk and uncertainty about the sustainability of this growth.
Claritev Corp (CTEV) expects Q3 revenue to be flat sequentially, and the company's guidance implies a potential step-down in Q4, reflecting conservative planning and uncertainty around claims volumes.
The company continues to invest heavily in sales, marketing, and operations to support growth, with new bookings taking 2-4 quarters to convert to revenue, meaning near-term profitability may be pressured.
Claritev Corp (CTEV) faces regulatory complexity and potential volume volatility from NSA IDR rule changes, which could impact claims volumes and revenue per claim in the second half of the year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTEV.N - Claritev Corp
Q2 2026 Claritev Corp Earnings Call
Aug 07, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen,

Welcome to the Clarita Corporation second quarter 2026 earnings conference call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during this time, just press star, followed by the number 1 on your telephone keypad.

And if you would like to draw your question.

Press R 1 again.

And please limit to one question and one follow-up.

Also, please note that this call is being recorded.

I would now like to turn the call over to Todd Friedman, head of investor relations.

Todd, you may begin.

Thank you,

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