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Clarivate CLVT A&G — Adjusted EBITDA

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Other financials

Income statement

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Revenue$587.3M-5.5%
Gross profit$401.8M-3.8%
Operating income-$200.2M-3,001%
Net income-$268.6M-273%
EPS (diluted)-$0.42-282%

Balance sheet

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Cash & equivalents$217.7M-40.0%
Total debt$4.3B-7.4%
Total equity$4.5B-9.1%
Total assets$10.5B-8.2%

Cash flow

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Operating cash flow$98.7M-15.1%
CapEx$54.7M-17.1%
Free cash flow$44.0M-12.5%

Valuation

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Market cap$1.16B-55.9%
Enterprise value$5.27B-24.1%
P/S0.5×-0.6×

Profitability

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Gross margin66.8%+0.8pp
Operating margin-3.5%+5.5pp
Net margin-14%-2.3pp
FCF margin13.6%-0.3pp

Returns & leverage

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Return on equity-7.1%-0.8pp
Debt / equity0.0×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Clarivate in its filing.

Tagged under the XBRL concept clvt:AdjustedEBITDA.

The source filing: Clarivate’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 6:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001764046-26-000091
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Technology costs(20.5)(20.0)(41.5)(39.6)
Outside service costs(7.0)(8.8)(14.3)(17.9)
Other costs(11.5)(10.4)(21.2)(19.3)
A&G Adjusted EBITDA$136.5$144.8$263.1$268.6
Intellectual Property
Revenues$198.3$202.5$395.5$395.2
People-related costs(69.4)(73.7)(142.6)(146.4)
Royalties and other product costs(18.2)(19.3)(34.1)(37.3)

Item 1. Financial Statements (Unaudited)

FAQ

What is Clarivate's A&G — adjusted EBITDA?
Clarivate (CLVT) reported A&G — adjusted EBITDA of $136.5M in Q2 2026.
How has Clarivate's A&G — adjusted EBITDA changed year-over-year?
Clarivate's A&G — adjusted EBITDA decreased by 5.7% year-over-year, from $144.8M to $136.5M.
What is the long-term trend for Clarivate's A&G — adjusted EBITDA?
Over 3 years (2022 to 2025), Clarivate's A&G — adjusted EBITDA has grown at a 4.1% compound annual growth rate (CAGR), from $485.5M to $548M.
What does A&G — adjusted EBITDA mean?
This metric measures the core operating profitability of the Academia & Government segment by excluding interest, taxes, depreciation, amortization, and non-recurring items. It is a critical performance indicator used to evaluate the segment's underlying cash-generating capability and operational health independent of capital structure.

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