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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)
(in thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $245,959 | $230,495 | $718,859 | $698,479 |
| Costs of services (exclusive of depreciation and amortization of intangible assets shown below) | 62,060 | 60,825 | 183,319 | 182,271 |
| General and administrative expenses | 61,893 | 37,725 | 165,465 | 107,133 |
| Depreciation | 25,968 | 22,572 | 75,775 | 65,372 |
| Amortization of intangible assets | 85,971 | 85,971 | 257,913 | 257,913 |
| Loss on impairment of goodwill and intangible assets | — | 361,612 | — | 1,434,363 |
| Total expenses | 235,892 | 568,705 | 682,472 | 2,047,052 |
| Operating income (loss) | 10,067 | (338,210) | 36,387 | (1,348,573) |
| Interest expense | 101,232 | 81,792 | 292,614 | 245,119 |
| Interest income | (471) | (1,245) | (1,282) | (2,722) |
| Transaction costs - Refinancing Transaction | — | — | 7,879 | — |
| Loss (gain) on extinguishment of debt | — | — | 670 | (5,913) |
| Loss on sale of equity investments | 2,667 | — | 2,667 | — |
| Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares | — | (87) | — | (476) |
| Net loss before taxes | (93,361) | (418,670) | (266,161) | (1,584,581) |
| Benefit for income taxes | (23,608) | (27,220) | (62,449) | (76,715) |
| Net loss | $(69,753) | $(391,450) | $(203,712) | $(1,507,866) |
| Weighted average shares outstanding – Basic and Diluted(1) | 16,480,703 | 16,143,520 | 16,403,821 | 16,139,523 |
| Net loss per share – Basic and Diluted(1) | $(4.23) | $(24.25) | $(12.42) | $(93.43) |
| Net loss | (69,753) | (391,450) | (203,712) | (1,507,866) |
| Other comprehensive income: | ||||
| Change in unrealized gains (losses) on interest rate swaps, net of tax | 794 | (11,341) | (77) | (684) |
| Comprehensive loss | $(68,959) | $(402,791) | $(203,789) | $(1,508,550) |
(1)Shares and net loss per share have been retroactively adjusted for all periods presented to reflect the one-for-forty (1-for-40) reverse stock split that became effective on September 20, 2024 (the "Reverse Stock Split"). See Note 1, General Information and Basis of Accounting.
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