CLARIVATE PLC
For the period ended Jul 29, 2026. Filed Jul 29, 2026.
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Jul 29, 2026 · Filed Jul 29, 2026
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Contents
EX-99.1 · Adjusted EBITDA and Adjusted EBITDA margin
Adjusted EBITDA and Adjusted EBITDA margin
Adjusted EBITDA represents Net income (loss) before the Provision (benefit) for income taxes, Depreciation and
amortization, and Interest expense, net, adjusted to exclude share-based compensation, impairments, restructuring
expenses, the impact of certain non-cash fair value adjustments on financial instruments, acquisition and/or
disposal-related transaction costs, unrealized foreign currency gains/losses, legal settlements, and other items that
are included in Net income (loss) for the period that we do not consider indicative of our ongoing operating
performance. Net income (loss) margin is calculated by dividing Net income (loss) by Revenues. Adjusted
EBITDA margin is calculated by dividing Adjusted EBITDA by Revenues.
The following table presents our calculation of Adjusted EBITDA and Adjusted EBITDA margin for thethree
and six months ended June 30, 2026 and 2025 and reconciles these non-GAAP measures to our Net income (loss)
and Net income (loss) margin for the same periods:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In millions, except percentages); (unaudited) | 2026 | 2025 | 2026 | 2025 |
| Net income (loss) | $(268.6) | $(72.0) | $(308.8) | $(175.9) |
| Provision (benefit) for income taxes | 8.0 | 12.3 | 19.4 | 31.1 |
| Depreciation and amortization | 185.7 | 190.9 | 369.7 | 376.3 |
| Interest expense, net | 60.4 | 66.6 | 119.4 | 130.9 |
| Share-based compensation expense | 15.1 | 18.5 | 29.7 | 29.6 |
| Goodwill and intangible asset impairments | 221.7 | — | 221.7 | — |
| Restructuring costs | 12.1 | 9.3 | 24.1 | 34.0 |
| Transaction related costs | 10.2 | 8.1 | 18.4 | 14.4 |
| Other(1) | 2.6 | 27.9 | (5.2) | 54.4 |
| Adjusted EBITDA | $247.2 | $261.6 | $488.4 | $494.8 |
| Net income (loss) margin | (45.7)% | (11.6)% | (26.3)% | (14.5)% |
| Adjusted EBITDA margin | 42.1% | 42.1% | 41.6% | 40.7% |
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