Claritev Corp
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 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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Condensed Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net loss | $(73,560) | $(71,319) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 25,183 | 24,546 |
| Amortization of intangible assets | 85,908 | 85,971 |
| Amortization of the right-of-use asset | 556 | 1,022 |
| Stock-based compensation | 6,895 | 6,329 |
| Deferred income taxes | (28,337) | (52,820) |
| Amortization of debt discounts and issuance costs | 1,554 | 712 |
| Non-cash interest expense | 15,952 | 10,907 |
| Loss on extinguishment of debt | — | 670 |
| Loss on disposal of property and equipment | — | 350 |
| Loss on disposal of leases | 38 | 3,317 |
| Changes in assets and liabilities: | ||
| Trade accounts receivable, net | (16,043) | (3,708) |
| Prepaid taxes | 7,425 | 6,747 |
| Prepaid expenses, other current and non-current assets | 600 | (4,912) |
| Accounts payable | (1,287) | (51,821) |
| Other accrued expenses, accrued interest and accrued liabilities | (69,512) | 15,074 |
| Operating leases, net | (1,151) | (1,121) |
| Net cash used in operating activities | (45,779) | (30,056) |
| Investing activities: | ||
| Purchases of property and equipment | (46,767) | (38,866) |
| Net cash used in investing activities | (46,767) | (38,866) |
| Financing activities: | ||
| Repayments of Term Loan | (3,672) | — |
| Taxes paid on settlement of vested share awards | (2,859) | (2,884) |
| Borrowings on 2025 Revolving Credit Facility | 145,000 | 130,000 |
| Repayment of 2025 Revolving Credit Facility | (40,000) | (50,000) |
| Payment of debt issuance costs | — | (4,267) |
| Proceeds from issuance of common stock under ESPP | 464 | 301 |
| Net cash provided by financing activities | 98,933 | 73,150 |
| Net increase in cash, cash equivalents and restricted cash | 6,387 | 4,228 |
| Cash, cash equivalents and restricted cash at beginning of period | 28,341 | 29,672 |
| Cash, cash equivalents and restricted cash at end of period | $34,728 | $33,900 |
| Cash and cash equivalents | $21,327 | $23,129 |
| Restricted cash | 13,401 | 10,771 |
| Cash, cash equivalents and restricted cash at end of period | $34,728 | $33,900 |
| Noncash investing and financing activities: | ||
| Purchases of property and equipment not yet paid | $17,046 | $9,694 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $— | $(10,411) |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $(129,311) | $(82,003) |
| Income taxes, net of refunds | $(1,636) | $(2,532) |
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