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EarningsQ2 2026 Earnings Report
CTEV Q2 2026 EPS Results
Actual EPS-$3.49
Consensus EPS-$4.12
Beat/MissBeat by +$0.63
One Year Ago EPS-$3.81
CTEV Q2 2026 Revenue Results
Actual Revenue$257.48M
Expected Revenue$244.81M
Beat/MissBeat by +$12.67M
YoY Revenue Growth+6.59%
Earnings Announcement Details
QuarterQ2 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
CTEV Upcoming Earnings
Claritev's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CTEV Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: multi-quarter revenue growth, record/near-record EBITDA and cash flow, significant bookings acceleration and a substantially enlarged pipeline. Management raised revenue and EBITDA guidance and highlighted successful execution across TPA, Claims Intelligence and AI-enabled initiatives. Offsetting considerations include timing and mix-driven pressure on revenue per claim, network comparables impacted by prior-year one-time items, a near-term Payments timing miss, and some volume/regulatory uncertainty that introduces short-term variability. Overall, the positive metrics and trajectory substantially outweigh the manageable timing and mix headwinds.Company Guidance
Revenue Growth and Record Quarter
Total revenue $257.5M in Q2, up 6.6% year-over-year — fifth straight quarter of YoY growth and the highest revenue quarter in 15 quarters (since Q3 2022).
Strong Adjusted EBITDA and Margins
Q2 adjusted EBITDA $155.8M, representing 60.5% of revenue — strongest absolute EBITDA in 13 quarters and margins in line with expectations.
Robust Cash Flow Performance
Operating cash flow $93M (up 51% YoY); unlevered free cash flow $89.5M (up 24% YoY); levered free cash flow $54.6M (up 49% YoY) — highest levered FCF in 15 quarters. Working capital metrics (DPO/DSO) improved by >5 days.
Bookings Momentum and Pipeline Expansion
Q2 ACV bookings $30M and first-half ACV bookings $74M (up 150% year-to-date vs prior year). Active pipeline >$300M (up 50% comparable) with >3x coverage; management expects to exceed $100M bookings for the year.
Deal Size and Sales Execution Improvements
Average deal size increased by more than 300% on an absolute dollar basis through H1; closed 16 deals >$1M ACV (up 25% vs prior year). Cross-sell/upsell accounted for ~75% of bookings.
Segment Performance — Claims Intelligence & PSAV
Claims Intelligence grew ~14% in Q2. Total PSAV revenue $220M — highest level in nearly 4 years. Q2 total PSAV dollars grew 8% sequentially and 10% YoY.
Raised Full-Year Financial Guidance
Revenue guidance raised to $1.00B–$1.02B (4%–6% growth) and full-year adjusted EBITDA guide raised to $610M–$620M (~61% margin). Free cash flow guide increased by $5M to $5M–$15M. Capex guidance unchanged at $160M–$170M.
TPA and New Vertical Momentum
TPA vertical was the largest contributor to Q2 bookings (several 7-figure deals) and expected to contribute roughly 30% of total new bookings this year. Early wins in Medicare Advantage and public sector expanding addressable market.
Technology Modernization and AI Progress
Ongoing digital transformation (cloud migration, data architecture modernization) enabling AI deployment. CEO/CFO cited dozens of AI models/use cases in production; ProPricer AI initiative identified over $1B of additional savings. IDR arbitration outcomes outperform industry by ~8 percentage points.
Third-Party Recognition and Notable Wins
Everest Group recognized Claritev as a leader in payment integrity. Notable client wins include Marpai and multiple large NSA and PRI engagements supporting momentum.
CTEV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed