Claritev Corporation reported its financial results for the first quarter ended March 31, 2025, on May 8, 2025. Total revenues for Q1 2025 were $231.3 million, a 1.4% decrease compared to $234.5 million in Q1 2024.
The company reported a net loss of $71.3 million for Q1 2025, a significant improvement from the $539.7 million net loss in Q1 2024, which included a large impairment charge. Adjusted EBITDA for Q1 2025 was $142.1 million, with an Adjusted EBITDA Margin of 61.4%.
Claritev reaffirmed its full-year 2025 guidance, expecting revenues to be down 2% to flat compared to FY 2024, and an Adjusted EBITDA margin between 62.5% and 63.5%. This outlook anticipates a 3% revenue headwind from one large client normalizing by Q3 2025.
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