What is Clarivate's IP — goodwill impairment?

Clarivate (CLVT) reported IP — goodwill impairment of $13.8M in Q3 2024.

What does IP — goodwill impairment mean?

This represents a non-cash charge recognized when the carrying value of goodwill associated with the Intellectual Property segment exceeds its implied fair value. It serves as a critical indicator that the expected economic benefits from past acquisitions have declined due to market shifts or underperformance. Frequent or large impairments signal potential issues with historical capital allocation or deteriorating competitive positioning within the IP market.

Clarivate CLVT IP — Goodwill impairment

Other segment segments

Life Sciences & Healthcare

$149.1M+156%

A&G

$0—

Similar metrics at other companies

GISInternational — Goodwill impairment

$0—

HAINInternational — Goodwill Impairment

$193.84M+989%

TLSImpairment loss on intangible assets — Goodwill impairment

$3.73M—

PACBGoodwill And Intangible Asset Impairment

$0-100%

WBTNGoodwill And Intangible Asset Impairment

$84.12M+382%

SLVMGoodwill And Intangible Asset Impairment

$2.75M—

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$1.36B-46.9%

Enterprise value$5.47B-21.6%

P/S0.6×-0.5×

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 / equity1×0.0×

Current ratio0.8×-0.1×

Where this comes from

Reported directly by Clarivate in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Clarivate’s 10-K, filed February 19, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clarivate's IP — goodwill impairment?: Clarivate (CLVT) reported IP — goodwill impairment of $13.8M in Q3 2024.
What does IP — goodwill impairment mean?: This represents a non-cash charge recognized when the carrying value of goodwill associated with the Intellectual Property segment exceeds its implied fair value. It serves as a critical indicator that the expected economic benefits from past acquisitions have declined due to market shifts or underperformance. Frequent or large impairments signal potential issues with historical capital allocation or deteriorating competitive positioning within the IP market.