Claritev Corp
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
CTEV$28.67+19.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net loss | $(203,712) | $(1,507,866) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 75,775 | 65,372 |
| Amortization of intangible assets | 257,913 | 257,913 |
| Amortization of the right-of-use asset | 2,488 | 3,377 |
| Loss on impairment of goodwill and intangible assets | — | 1,434,363 |
| Stock-based compensation | 20,026 | 19,829 |
| Deferred income taxes | (79,900) | (142,999) |
| Amortization of debt discounts and issuance costs | 3,957 | 8,788 |
| Non-cash interest expense | 41,779 | — |
| Loss (gain) on extinguishment of debt | 670 | (5,913) |
| Loss on sale of equity investment | 2,667 | — |
| Loss on disposal of property and equipment | 676 | 155 |
| Loss on disposal of leases | 6,702 | — |
| Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares | — | (476) |
| Changes in assets and liabilities: | ||
| Trade accounts receivable, net | (37,234) | (5,574) |
| Prepaid taxes | (26,272) | (9,466) |
| Prepaid expenses, other current and non-current assets | (706) | 1,364 |
| Accounts payable | (47,401) | 2,957 |
| Other accrued expenses, accrued interest and accrued liabilities | 37,196 | 24,089 |
| Operating leases, net | (3,586) | (4,884) |
| Net cash provided by operating activities | 51,038 | 141,029 |
| Investing activities: | ||
| Purchases of property and equipment | (99,692) | (87,689) |
| Proceeds from sale of equity investment | 13,333 | — |
| Net cash used in investing activities | (86,359) | (87,689) |
| Financing activities: | ||
| Repayments of Term Loan | (7,345) | (9,938) |
| Repurchase of Senior Convertible PIK Notes | — | (14,886) |
| Taxes paid on settlement of vested share awards | (3,491) | (3,355) |
| Borrowings on 2025 Revolving Credit Facility | 225,000 | — |
| Repayment of 2025 Revolving Credit Facility | (155,000) | — |
| Purchase of treasury stock | — | (10,370) |
| Payment of debt issuance costs | (4,267) | — |
| Proceeds from issuance of common stock under Employee Stock Purchase Plan | 1,397 | 883 |
| Net cash provided by (used in) financing activities | 56,294 | (37,666) |
| Net increase in cash, cash equivalents and restricted cash | 20,973 | 15,674 |
| Cash, cash equivalents and restricted cash at beginning of period | 29,672 | 81,494 |
| Cash, cash equivalents and restricted cash at end of period | $50,645 | $97,168 |
| Cash and cash equivalents | $39,152 | $86,598 |
| Restricted cash | 11,493 | 10,570 |
| Cash, cash equivalents and restricted cash at end of period | $50,645 | $97,168 |
| Noncash investing and financing activities: | ||
| Purchases of property and equipment not yet paid | $13,615 | $11,928 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $5,738 | $— |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $(247,057) | $(218,590) |
| Income taxes, net of refunds | $(44,913) | $(57,860) |
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