Clairvest (CVG) Q1 2026 earnings summary

Executive summary

• Book value as of June 30, 2025 was $1,260 million ($88.94 per share), up from $1,252 million ($88.30 per share) at March 31, 2025.

• Net income for Q1 2026 was $21.3 million ($1.51 per share), primarily from increased private equity portfolio valuations.

• Completed two new platform investments and a follow-on investment during the quarter.

• Paid $0.8830 per share in dividends subsequent to quarter end.

Financial highlights

• Net investment gain for Q1 2026 was $36.0 million, up from $20.1 million in Q1 2025.

• Net income and comprehensive income were $21.3 million, compared to $23.9 million in the prior year quarter.

• Book value per share increased to $88.94 from $88.30 sequentially.

• Total assets reached $1,447 million as of June 30, 2025.

• Cash, cash equivalents, and temporary investments totaled $321 million, representing 25% of book value.

Outlook and guidance

• Management expressed confidence in growth prospects, citing disciplined investment in sectors with deep expertise.

• Forward-looking statements caution about economic and regulatory risks that could impact future results.