Claritev Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities: | |||
| Net loss | $(284,282) | $(1,645,831) | $(91,697) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation | 101,669 | 88,190 | 77,323 |
| Amortization of intangible assets | 343,757 | 343,883 | 342,694 |
| Amortization of the right-of-use asset | 3,028 | 4,364 | 5,769 |
| Loss on impairment of goodwill and intangible assets | — | 1,488,863 | — |
| Stock-based compensation | 27,822 | 26,645 | 18,018 |
| Deferred income taxes | (128,508) | (198,008) | (114,060) |
| Amortization of debt issuance costs and discounts | 5,478 | 10,974 | 10,663 |
| Non-cash interest expense | 57,596 | — | — |
| (Loss) gain on extinguishment of debt | 670 | (5,913) | (53,968) |
| Loss on sale of equity investment | 2,667 | — | — |
| Loss on sale of assets | 9,357 | 8,595 | 851 |
| Loss on disposal of leases | 6,936 | 729 | 24 |
| Change in fair value of Private Placement Warrants and Unvested Founder Shares | — | (477) | (1,965) |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Trade accounts receivable, net | (26,570) | (13,200) | 4,402 |
| Prepaid taxes | (4,779) | (5,383) | (13) |
| Prepaid expenses, other current and non-current assets | (23,964) | (31,761) | (6,615) |
| Accounts payable | (25,864) | 67,352 | 5,578 |
| Other accrued expenses, accrued interest and accrued liabilities | 57,445 | (25,136) | (18,659) |
| Operating lease, net | (5,134) | (6,270) | (6,625) |
| Net cash provided by operating activities | 117,324 | 107,616 | 171,720 |
| Investing activities: | |||
| Purchases of property and equipment | (129,601) | (118,123) | (108,852) |
| Proceeds from sale of investment | 13,333 | — | — |
| OPCG acquisition | (4,750) | — | — |
| BST acquisition, net of cash acquired | — | — | (140,940) |
| Net cash used in investing activities | (121,018) | (118,123) | (249,792) |
| Financing activities: | |||
| Repayments of Term Loans | (11,017) | — | — |
| Repayments of Term Loan B | — | (13,250) | (13,250) |
| Repurchase of 5.750% Notes | — | — | (134,975) |
| Repurchase of Senior Convertible PIK Notes | — | (14,886) | (17,563) |
| Taxes paid on settlement of vested share awards | (4,095) | (3,356) | (465) |
| Borrowings on 2025 Revolving Credit Facility | 230,000 | — | — |
| Repayment of 2025 Revolving Credit Facility | (210,000) | — | — |
| Purchase of treasury stock | — | (10,370) | (15,218) |
| Payment of debt issuance costs | (4,267) | (615) | — |
| Borrowings on finance leases, net | — | 67 | (30) |
| Proceeds from issuance of Class A common stock under ESPP | 1,742 | 1,095 | 508 |
| Net cash provided by (used in) financing activities | 2,363 | (41,315) | (180,993) |
| Net decrease in cash, cash equivalents and restricted cash | (1,331) | (51,822) | (259,065) |
| Cash, cash equivalents and restricted cash at beginning of period | 29,672 | 81,494 | 340,559 |
| Cash, cash equivalents and restricted cash at end of period | $28,341 | $29,672 | $81,494 |
| Cash and cash equivalents | $16,814 | $16,848 | $71,547 |
| Restricted cash | 11,527 | 12,824 | 9,947 |
| Cash, cash equivalents and restricted cash at end of period | $28,341 | $29,672 | $81,494 |
| Supplemental noncash investing and financing activities: | |||
| Purchases of property and equipment not yet paid | $21,357 | $12,530 | $8,649 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $6,071 | $5,015 | $1,304 |
| Debt issuance costs not yet paid | $— | $4,267 | $— |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest | $(282,755) | $(315,245) | $(323,396) |
| Income taxes, net of refunds | $(44,495) | $(80,089) | $(100,083) |
The accompanying notes are an integral part of these consolidated financial statement
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