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Clarivate (CLVT) investor relations material

Clarivate Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary24 Feb, 2026

Executive summary

  • Achieved and exceeded full-year financial guidance for the first time since 2019, marking a positive inflection point driven by the Value Creation Plan and portfolio optimization.

  • Accelerated organic ACV and recurring revenue growth, with improved free cash flow conversion and stable 93% revenue retention.

  • Initiated and actively progressed the sale of the Life Sciences & Healthcare (LS&H) segment to focus on A&G and IP markets and strengthen the balance sheet.

  • Leveraged proprietary solutions and AI to drive innovation and customer value, with 97% of revenue from proprietary assets.

  • Shift toward subscription-based services increased recurring revenue mix to 88%.

Financial highlights

  • FY 2025 revenue: $2,455 million, down $102 million year-over-year due to disposals and divestitures; Q4 revenue: $617 million.

  • Net loss improved to $(201) million from $(637) million in FY 2024, mainly due to lower impairment and reduced interest/tax expense.

  • Adjusted EBITDA for 2025 was $1,002 million (40.8% margin), down from $1,060 million (41.5%) in 2024.

  • Adjusted diluted EPS was $0.69, compared to $0.73 in the prior year.

  • Free cash flow for 2025 was $365 million, up from $357.5 million in 2024.

Outlook and guidance

  • FY 2026 guidance: revenue of $2.30B–$2.42B, organic ACV growth of 2.0%–3.0%, and recurring organic revenue growth of 0.75%–2.25%.

  • Adjusted EBITDA projected at $980M–$1.04B (42.0%–43.5% margin); adjusted diluted EPS $0.70–$0.80.

  • Free cash flow guidance of $400M–$435M, representing ~10% growth over 2025.

  • Revenue expected to decline by ~$100 million due to disposals, but recurring revenue mix to improve to 88%–90%.

What is the expected impact of LS&H divestiture on revenue?
Quantify the VCP's impact on recurring revenue mix.
What is the debt reduction strategy for 2026?
Clarify A&G and IP segment synergies
Detail AI monetization strategy
What drives IP segment's return to growth?
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Frequently asked questions

Clarivate Plc provides data, analytics, and insights to support innovation across academia, life sciences, and intellectual property sectors. The company offers subscription-based platforms and services for research discovery, patent intelligence, and regulatory compliance. It serves businesses, governments, and educational institutions globally. The company is headquartered in London, United Kingdom, and its shares are listed on the NYSE.

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