Clairvest (CVG) Q3 2026 earnings summary

Executive summary

• Book value rose to $1,255 million ($91.66/share) as of December 31, 2025, up 9% from September 30, 2025.

• Net income for Q3 was $105.1 million ($7.65/share), mainly from two major investment realizations.

• Net income for the nine months ended December 31, 2025, was $49.7 million ($3.74/share), reflecting a significant write-down in Q2.

Financial highlights

• Net investment gain for Q3 was $119.5 million, up from $22.3 million in the prior year.

• Total expenses for Q3 were $9.4 million, up from $6.2 million year-over-year.

• Cash, cash equivalents, and temporary investments totaled $336 million at quarter end, representing 27% of book value.

• Book value per share increased to $91.66 from $83.92 sequentially.

Outlook and guidance

• Management expressed optimism about the investment pipeline and ongoing commitment to supporting entrepreneurial growth.