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Clarivate CLVT IP — 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(12.5)(12.6)(25.3)(24.9)
Outside service costs(4.3)(5.2)(8.5)(10.9)
Other costs(7.5)(7.1)(13.2)(12.3)
IP Adjusted EBITDA$86.4$84.6$171.8$163.4
Life Sciences & Healthcare
Revenues$88.7$100.4$182.0$198.7
People-related costs(43.6)(46.2)(87.3)(93.0)
Royalties and other product costs(9.0)(9.4)(17.8)(18.2)

Item 1. Financial Statements (Unaudited)

FAQ

What is Clarivate's IP — adjusted EBITDA?
Clarivate (CLVT) reported IP — adjusted EBITDA of $86.4M in Q2 2026.
How has Clarivate's IP — adjusted EBITDA changed year-over-year?
Clarivate's IP — adjusted EBITDA increased by 2.1% year-over-year, from $84.6M to $86.4M.
What is the long-term trend for Clarivate's IP — adjusted EBITDA?
Over 4 years (2021 to 2025), Clarivate's IP — adjusted EBITDA has grown at a -2.9% compound annual growth rate (CAGR), from $376M to $334.1M.
What does IP — adjusted EBITDA mean?
This is a non-GAAP measure of the Intellectual Property segment's operating performance, excluding interest, taxes, depreciation, amortization, and other non-recurring items. It is a key indicator of the segment's core cash-generating capability and operational profitability. Investors use this to compare the segment's performance against peers by neutralizing differences in capital structure and accounting treatments.

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