Claritev Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 6:03 PM CDT 7 min read

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Claritev bushed Q1 expectations with gross of $244.7 cardinal and adjusted EBITDA of $146.9 million, and absorption said income momentum supports its full-year outlook. The institution raised the debased extremity of its 2026 gross guidance to $985 cardinal to $1 cardinal portion keeping EBITDA guidance unchanged.
Bookings deed a record astatine $44.1 cardinal successful yearly declaration value, driven mostly by cross-sell and upsell activity. Claritev besides said pipeline maturation was up 70% twelvemonth implicit year, with much ample deals and improved triumph rates.
AI and enlargement wins are driving maturation and efficiency, including caller nationalist assemblage and supplier deals specified arsenic GDIT and a top-five wellness system. Management said AI is improving productivity crossed coding, claims processing and finance, portion besides supporting caller work offerings.

Claritev (NYSE:CTEV) reported first-quarter 2026 gross and adjusted EBITDA up of interior expectations, portion absorption said income momentum and new-market enlargement enactment its full-year outlook.

President and CEO Travis Dalton said the 4th reflected “not conscionable performance, but progress,” pointing to spot successful the company’s halfway offerings, caller lawsuit wins and expanding usage of artificial quality crossed its operations and lawsuit solutions.

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Total gross for the 4th was $244.7 million, up 5.8% from a twelvemonth earlier, Chief Financial Officer Doug Garis said. Adjusted EBITDA was $146.9 million, up 3.4% twelvemonth implicit year, with a 60% margin.

Garis said maturation came from some the company’s halfway concern and enlargement areas. He highlighted show successful Data iSight, Claritev’s flagship reference-based pricing solution wrong its Claims Intelligence work line, which roseate 8.4% successful the quarter. Network and outgo gross integrity work lines performed astatine oregon somewhat supra interior expectations, helium said.

Bookings Reach Record Level

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Claritev reported $44.1 cardinal successful yearly declaration worth bookings successful the archetypal quarter, which absorption described arsenic different grounds quarter. Dalton said the institution remains assured successful its full-year ACV income people of $80 cardinal to $100 million, representing 20% to 50% maturation implicit past year’s income results.

Garis said first-quarter bookings reflected the diversification strategy discussed astatine the company’s March Investor Day. Cross-sell and upsell enactment represented 73% of bookings, portion 27% came from nett caller clients. The institution closed 19 deals with much than $100,000 successful ACV and 9 deals with much than $1 cardinal successful ACV, which Garis said represented a 350% summation successful seven-figure deals successful the quarter.

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