CLVT

MKT CAP:$2B

Clarivate Plc

Market Cap

$2B

Technology·Information Technology Services·🇬🇧 United Kingdom·NYSE

Technology·IT Services·🇬🇧·NYSE

Stock Price

$2.73-$0.51 (-15.74%)

Apr 22, 2026

Company Details

Clarivate Plc, an information services and analytics company, provides structured information and analytics for discovery, protection, and commercialization of scientific research, innovations, and brands. It offers Web of Science products ...

CEO

Matitiahu Shem Tov

IPO Date

Oct 29, 2018

Website

www.clarivate.com

Key Metrics TTM

Revenue

$2.5B

-3.0% YoY

Net Income

-$396M

EPS (Diluted)

-$0.57

Free Cash Flow

$335M

Revenue / Share

$3.74

Gross Margin

65.8%

Operating Margin

-1.3%

Net Margin

-15.8%

FCF Margin

13.4%

P/S

0.6x

P/E

—

Earnings Reports

Q4 2025

May 5, 2026

PENDING

Q3 2025

Oct 29, 2025

$623M+0.1%EPS -$0.04

Q2 2025

Jul 30, 2025

$621M-4.4%EPS -$0.11

Q1 2025

Apr 29, 2025

$594M-4.4%EPS -$0.15

FY 2024

Feb 19, 2025

$2.6B-2.7%EPS -$0.96

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$561M	$351M	-$50M
Q1 22	$662M	$413M	$45M
Q2 22	$687M	$443M	$86M
Q3 22	$636M	$412M	-$4.4B
Q4 22	$675M	$438M	$319M
Q1 23	$629M	$399M	$55M
Q2 23	$669M	$445M	-$88M
Q3 23	$647M	$427M	$87M
Q4 23	$684M	$271M	$91M
Q1 24	$621M	$403M	$5M
Q2 24	$650M	$437M	-$240M
Q3 24	$622M	$412M	$22M
Q4 24	$663M	$435M	-$62M
Q1 25	$594M	$387M	-$21M
Q2 25	$621M	$418M	$7M
Q3 25	$623M	$405M	$44M

Valuation

Quarter	P/S	P/E
Q4 21	9.7x	—
Q1 22	5.4x	—
Q2 22	4.2x	—
Q3 22	2.6x	—
Q4 22	2.4x	—
Q1 23	2.3x	—
Q2 23	2.5x	—
Q3 23	1.7x	17.5x
Q4 23	2.3x	—
Q1 24	2.0x	—
Q2 24	1.5x	—
Q3 24	1.9x	—
Q4 24	1.4x	—
Q1 25	1.1x	—
Q2 25	1.2x	—
Q3 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$18M	-$14M
Q1 22	$67M	$26M
Q2 22	$97M	$50M
Q3 22	$208M	$140M
Q4 22	$137M	$91M
Q1 23	$228M	$168M
Q2 23	$162M	$105M
Q3 23	$163M	$102M
Q4 23	$191M	$127M
Q1 24	$176M	$112M
Q2 24	$126M	$60M
Q3 24	$203M	$126M
Q4 24	$141M	$59M
Q1 25	$171M	$110M
Q2 25	$116M	$50M
Q3 25	$181M	$116M

Capital Expenditures

Quarter	CapEx
Q4 21	$32M
Q1 22	$41M
Q2 22	$48M
Q3 22	$67M
Q4 22	$46M
Q1 23	$59M
Q2 23	$58M
Q3 23	$62M
Q4 23	$64M
Q1 24	$64M
Q2 24	$66M
Q3 24	$77M
Q4 24	$82M
Q1 25	$61M
Q2 25	$66M
Q3 25	$66M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+105.0%	+135.6%
Q1 22	+132.9%	+107.8%
Q2 22	+60.3%	+20.6%
Q3 22	+42.6%	+883.5%
Q4 22	+20.4%	-41.6%
Q1 23	-5.0%	-6.9%
Q2 23	-2.6%	+26.1%
Q3 23	+1.8%	-88.8%
Q4 23	+1.2%	+66.1%
Q1 24	-1.3%	+7.3%
Q2 24	-2.8%	+17.6%
Q3 24	-3.9%	+7.2%
Q4 24	-3.0%	+22.4%
Q1 25	-4.4%	-0.3%
Q2 25	-4.4%	-31.0%
Q3 25	+0.1%	-3.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	-$4M	-0.6%
Q1 22	$25M	3.7%
Q2 22	$23M	3.3%
Q3 22	$19M	3.0%
Q4 22	$27M	4.1%
Q1 23	$41M	6.5%
Q2 23	$31M	4.6%
Q3 23	$26M	3.9%
Q4 23	$12M	1.7%
Q1 24	$15M	2.5%
Q2 24	$19M	2.9%
Q3 24	$15M	2.4%
Q4 24	$11M	1.7%
Q1 25	$11M	1.8%
Q2 25	$19M	3.0%
Q3 25	$16M	2.6%

OpEx Breakdown

Quarter	SG&A
Q4 21	$241M
Q1 22	$194M
Q2 22	$186M
Q3 22	$170M
Q4 22	$181M
Q1 23	$195M
Q2 23	$193M
Q3 23	$172M
Q4 23	$180M
Q1 24	$192M
Q2 24	$185M
Q3 24	$170M
Q4 24	$181M
Q1 25	$178M
Q2 25	$181M
Q3 25	$170M

Revenue Segments

Quarter	Re-occurring Revenues	Subscription Revenues	Transaction Revenues
Q4 21	$117M	$309M	$134M
Q1 22	$115M	$404M	$144M
Q2 22	$112M	$407M	$168M
Q3 22	$103M	$408M	$125M
Q4 22	$113M	$399M	$164M
Q1 23	$108M	$393M	$128M
Q2 23	$111M	$406M	$152M
Q3 23	$107M	$408M	$132M
Q1 24	$103M	$403M	$116M
Q2 24	$109M	$406M	$136M
Q3 24	$107M	$411M	$104M
Q4 24	$112M	$407M	$144M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$500M	$0	$500M
Q2 22	$360M	$0	$360M
Q3 22	$455M	$0	$455M
Q4 22	$357M	$0	$357M
Q1 23	$364M	$0	$364M
Q2 23	$436M	$0	$436M
Q3 23	$399M	$0	$399M
Q4 23	$371M	$0	$371M
Q1 24	$362M	$0	$362M
Q2 24	$376M	$0	$376M
Q3 24	$389M	$0	$389M
Q4 24	$295M	$0	$295M
Q1 25	$354M	$0	$354M
Q2 25	$363M	$0	$363M
Q3 25	$319M	$0	$319M
Q4 25	$329M	$0	$329M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	655M	+7.2%	+74.2%
Q1 22	688M	+5.1%	+77.4%
Q2 22	678M	-1.4%	+10.7%
Q3 22	679M	+0.1%	+11.2%
Q4 22	731M	+7.6%	+11.6%
Q1 23	679M	-7.1%	-1.3%
Q2 23	676M	-0.5%	-0.4%
Q3 23	671M	-0.7%	-1.2%
Q4 23	665M	-0.9%	-9.0%
Q1 24	667M	+0.3%	-1.8%
Q2 24	686M	+2.8%	+1.4%
Q3 24	719M	+4.8%	+7.1%
Q4 24	703M	-2.2%	+5.7%
Q1 25	690M	-1.8%	+3.4%
Q2 25	681M	-1.2%	-0.6%
Q3 25	668M	-1.9%	-7.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$50.5K	11K
Q1 22	$59.7K	11K
Q2 22	$61.9K	11K
Q3 22	$57.3K	11K
Q4 22	$58.2K	12K
Q1 23	$54.2K	12K
Q2 23	$57.7K	12K
Q3 23	$55.8K	12K
Q4 23	$57.0K	12K
Q1 24	$51.8K	12K
Q2 24	$54.2K	12K
Q3 24	$51.9K	12K
Q4 24	$55.3K	12K
Q1 25	$49.5K	12K
Q2 25	$51.8K	12K
Q3 25	$51.9K	12K

Revenue / Employee