Clarivate Plc Financials
This page shows Clarivate Plc (CLVT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Clarivate’s amortization-heavy asset model is becoming operationally profitable, but cash generation still looks healthier than earnings.
Gross margin held steady even as revenue kept shrinking, while operating margin moved from-10.8% to2.9% ; that points to a cost-base reset rather than a demand rebound. That improvement still left a net loss, but operating cash flow of$628.5M against net income of-$201.1M shows large noncash charges are still doing most of the damage to reported earnings.
The balance sheet still carries meaningful leverage: long-term debt remains
Even with some debt reduction, debt to equity rose from 0.8x to 0.9x because equity kept shrinking under cumulative losses and asset reductions. That means the capital structure is improving through expense control faster than it is strengthening on paper. The business is getting cleaner operationally before it looks much lighter financially.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Clarivate Plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Clarivate Plc has an operating margin of 2.9%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 6/100, suggesting thin profitability after operating expenses. This is up from -10.8% the prior year.
Clarivate Plc's revenue declined 4% year-over-year, from $2.6B to $2.5B. This contraction results in a growth score of 28/100.
Clarivate Plc carries a low D/E ratio of 0.89, meaning only $0.89 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Clarivate Plc's current ratio of 0.83 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Clarivate Plc has a free cash flow margin of 14.9%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Clarivate Plc generates a -4.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -12.4% the prior year.
Clarivate Plc scores -0.59, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.5B) relative to total liabilities ($6.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Clarivate Plc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Clarivate Plc generates $-3.13 in operating cash flow ($628.5M OCF vs -$201.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Clarivate Plc generated $2.5B in revenue in fiscal year 2025. This represents a decrease of 4.0% from the prior year.
Clarivate Plc's EBITDA was $828.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 83.6% from the prior year.
Clarivate Plc reported -$201.1M in net income in fiscal year 2025. This represents an increase of 68.4% from the prior year.
Clarivate Plc earned $-0.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 68.7% from the prior year.
Cash & Balance Sheet
Clarivate Plc generated $365.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.2% from the prior year.
Clarivate Plc held $329.2M in cash against $4.3B in long-term debt as of fiscal year 2025.
Clarivate Plc had 641M shares outstanding in fiscal year 2025. This represents a decrease of 7.4% from the prior year.
Margins & Returns
Clarivate Plc's gross margin was 66.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
Clarivate Plc's operating margin was 2.9% in fiscal year 2025, reflecting core business profitability. This is up 13.7 percentage points from the prior year.
Clarivate Plc's net profit margin was -8.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.7 percentage points from the prior year.
Clarivate Plc's ROE was -4.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.2 percentage points from the prior year.
Capital Allocation
Clarivate Plc spent $224.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 12.3% from the prior year.
Clarivate Plc invested $263.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 9.0% from the prior year.
CLVT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $585.5M-5.1% | $617.0M-1.0% | $623.1M+0.3% | $621.4M+4.7% | $593.7M-10.5% | $663.0M+6.6% | $622.2M-4.3% | $650.3M |
| Cost of Revenue | $192.1M-6.2% | $204.8M-6.1% | $218.2M+7.2% | $203.6M-1.6% | $207.0M-9.1% | $227.7M+8.4% | $210.1M-1.6% | $213.6M |
| Gross Profit | $393.4M-4.6% | $412.2M+1.8% | $404.9M-3.1% | $417.8M+8.0% | $386.7M-11.2% | $435.3M+5.6% | $412.1M-5.6% | $436.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $176.3M-1.6% | $179.1M+5.4% | $170.0M-6.1% | $181.1M+1.5% | $178.4M-1.3% | $180.8M+6.5% | $169.7M-8.4% | $185.2M |
| Operating Income | $30.2M-27.1% | $41.4M-5.9% | $44.0M+537.7% | $6.9M+133.2% | -$20.8M+66.6% | -$62.3M-387.1% | $21.7M+109.0% | -$240.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $11.4M+141.2% | -$27.7M-828.9% | $3.8M-69.1% | $12.3M-34.6% | $18.8M-68.5% | $59.6M+294.7% | $15.1M+322.1% | -$6.8M |
| Net Income | -$40.2M-1396.8% | $3.1M+111.0% | -$28.3M+60.7% | -$72.0M+30.7% | -$103.9M+45.8% | -$191.8M-192.4% | -$65.6M+78.4% | -$304.3M |
| EPS (Diluted) | $-0.06 | N/A | $-0.04+63.6% | $-0.11+26.7% | $-0.15 | N/A | $-0.09+80.4% | $-0.46 |
CLVT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.9B-1.3% | $11.1B-1.4% | $11.2B-1.7% | $11.4B-0.6% | $11.5B0.0% | $11.5B-4.5% | $12.0B-0.4% | $12.1B |
| Current Assets | $1.3B-0.7% | $1.3B+1.5% | $1.3B-3.7% | $1.3B-1.0% | $1.4B+8.8% | $1.2B-7.1% | $1.3B+0.3% | $1.3B |
| Cash & Equivalents | $242.2M-26.4% | $329.2M+3.3% | $318.7M-12.1% | $362.6M+2.4% | $354.0M+19.9% | $295.2M-24.0% | $388.5M+3.2% | $376.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $882.9M+7.4% | $821.7M+1.4% | $810.7M-1.2% | $820.4M-1.2% | $830.5M+4.0% | $798.3M+3.4% | $771.8M-3.1% | $796.3M |
| Goodwill | $1.6B0.0% | $1.6B0.0% | $1.6B0.0% | $1.6B0.0% | $1.6B0.0% | $1.6B-9.8% | $1.7B0.0% | $1.7B |
| Total Liabilities | $6.1B-1.4% | $6.2B-1.5% | $6.3B-1.6% | $6.4B-0.6% | $6.5B+1.8% | $6.4B-2.5% | $6.5B+0.7% | $6.5B |
| Current Liabilities | $1.5B-1.7% | $1.6B+5.3% | $1.5B+0.7% | $1.5B-4.0% | $1.5B+7.5% | $1.4B-6.0% | $1.5B+2.7% | $1.5B |
| Long-Term Debt | $4.3B-0.9% | $4.3B-2.2% | $4.4B-2.2% | $4.5B-0.1% | $4.5B+0.1% | $4.5B-2.5% | $4.6B-0.1% | $4.6B |
| Total Equity | $4.8B-1.1% | $4.8B-1.2% | $4.9B-1.8% | $5.0B-0.7% | $5.0B-2.2% | $5.1B-6.8% | $5.5B-1.6% | $5.6B |
| Retained Earnings | -$7.6B-0.5% | -$7.5B0.0% | -$7.5B-0.4% | -$7.5B-1.0% | -$7.4B-1.4% | -$7.3B-2.7% | -$7.1B-0.9% | -$7.1B |
CLVT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $134.7M-15.8% | $159.9M-11.7% | $181.1M+55.7% | $116.3M-32.1% | $171.2M+21.2% | $141.3M-30.4% | $202.9M+60.8% | $126.2M |
| Capital Expenditures | $55.8M-21.1% | $70.7M+7.8% | $65.6M-0.6% | $66.0M+8.4% | $60.9M-25.9% | $82.2M+7.3% | $76.6M+16.2% | $65.9M |
| Free Cash Flow | $78.9M-11.5% | $89.2M-22.8% | $115.5M+129.6% | $50.3M-54.4% | $110.3M+86.6% | $59.1M-53.2% | $126.3M+109.5% | $60.3M |
| Investing Cash Flow | -$55.8M+21.1% | -$70.7M-7.8% | -$65.6M+0.6% | -$66.0M-8.4% | -$60.9M-384.6% | $21.4M+123.4% | -$91.5M+10.5% | -$102.2M |
| Financing Cash Flow | -$162.3M-108.3% | -$77.9M+49.6% | -$154.7M-187.0% | -$53.9M+4.8% | -$56.6M+76.4% | -$239.6M-118.4% | -$109.7M-328.5% | -$25.6M |
| Dividends Paid | N/A | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $18.8M |
| Share Buybacks | $18.1M-75.9% | $75.0M+50.0% | $50.0M+1.0% | $49.5M-1.0% | $50.0M-50.0% | $100.0M0.0% | $100.0M | $0 |
CLVT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2%+0.4pp | 66.8%+1.8pp | 65.0%-2.3pp | 67.2%+2.1pp | 65.1%-0.5pp | 65.7%-0.6pp | 66.2%-0.9pp | 67.2% |
| Operating Margin | 5.2%-1.6pp | 6.7%-0.3pp | 7.1%+5.9pp | 1.1%+4.6pp | -3.5%+5.9pp | -9.4%-12.9pp | 3.5%+40.4pp | -36.9% |
| Net Margin | -6.9%-7.4pp | 0.5%+5.0pp | -4.5%+7.1pp | -11.6%+5.9pp | -17.5%+11.4pp | -28.9%-18.4pp | -10.5%+36.3pp | -46.8% |
| Return on Equity | -0.8%-0.9pp | 0.1%+0.6pp | -0.6%+0.9pp | -1.4%+0.6pp | -2.1%+1.7pp | -3.7%-2.5pp | -1.2%+4.2pp | -5.4% |
| Return on Assets | -0.4%-0.4pp | 0.0%+0.3pp | -0.3%+0.4pp | -0.6%+0.3pp | -0.9%+0.8pp | -1.7%-1.1pp | -0.5%+2.0pp | -2.5% |
| Current Ratio | 0.840.0 | 0.83-0.0 | 0.87-0.0 | 0.91+0.0 | 0.88+0.0 | 0.870.0 | 0.88-0.0 | 0.90 |
| Debt-to-Equity | 0.890.0 | 0.890.0 | 0.900.0 | 0.900.0 | 0.90+0.0 | 0.88+0.0 | 0.84+0.0 | 0.83 |
| FCF Margin | 13.5%-1.0pp | 14.5%-4.1pp | 18.5%+10.5pp | 8.1%-10.5pp | 18.6%+9.7pp | 8.9%-11.4pp | 20.3%+11.0pp | 9.3% |
Note: The current ratio is below 1.0 (0.83), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Clarivate Plc's annual revenue?
Clarivate Plc (CLVT) reported $2.5B in total revenue for fiscal year 2025. This represents a -4.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Clarivate Plc's revenue growing?
Clarivate Plc (CLVT) revenue declined by 4% year-over-year, from $2.6B to $2.5B in fiscal year 2025.
Is Clarivate Plc profitable?
No, Clarivate Plc (CLVT) reported a net income of -$201.1M in fiscal year 2025, with a net profit margin of -8.2%.
What is Clarivate Plc's EBITDA?
Clarivate Plc (CLVT) had EBITDA of $828.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Clarivate Plc have?
As of fiscal year 2025, Clarivate Plc (CLVT) had $329.2M in cash and equivalents against $4.3B in long-term debt.
What is Clarivate Plc's gross margin?
Clarivate Plc (CLVT) had a gross margin of 66.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Clarivate Plc's operating margin?
Clarivate Plc (CLVT) had an operating margin of 2.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Clarivate Plc's net profit margin?
Clarivate Plc (CLVT) had a net profit margin of -8.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Clarivate Plc's return on equity (ROE)?
Clarivate Plc (CLVT) has a return on equity of -4.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Clarivate Plc's free cash flow?
Clarivate Plc (CLVT) generated $365.3M in free cash flow during fiscal year 2025. This represents a 2.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Clarivate Plc's operating cash flow?
Clarivate Plc (CLVT) generated $628.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Clarivate Plc's total assets?
Clarivate Plc (CLVT) had $11.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Clarivate Plc's capital expenditures?
Clarivate Plc (CLVT) invested $263.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Clarivate Plc's current ratio?
Clarivate Plc (CLVT) had a current ratio of 0.83 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Clarivate Plc's debt-to-equity ratio?
Clarivate Plc (CLVT) had a debt-to-equity ratio of 0.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Clarivate Plc's return on assets (ROA)?
Clarivate Plc (CLVT) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Clarivate Plc's Altman Z-Score?
Clarivate Plc (CLVT) has an Altman Z-Score of -0.59, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Clarivate Plc's Piotroski F-Score?
Clarivate Plc (CLVT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Clarivate Plc's earnings high quality?
Clarivate Plc (CLVT) has an earnings quality ratio of -3.13x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Clarivate Plc?
Clarivate Plc (CLVT) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.