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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 21,327 $ 16,814
Restricted cash 13,401 11,527
Trade accounts receivable, net 140,917 127,615
Prepaid expenses 35,349 31,992
Prepaid taxes 4,101 11,526
Unbilled Independent Dispute Resolution fees, net 13,304 10,563
Other current assets, net 13,868 14,330
Total current assets 242,267 224,367
Property and equipment, net 343,599 326,326
Operating lease right-of-use assets 13,549 13,966
Goodwill 2,405,853 2,405,853
Other intangibles, net 1,798,696 1,884,604
Other assets, net 35,335 33,342
Total assets 4,839,299 4,888,458
Current liabilities:    
Accounts payable 59,176 60,463
Accrued interest 52,277 100,009
Operating lease obligation, short-term 4,907 4,705
Current portion of long-term debt 14,690 14,690
Accrued compensation 19,672 45,238
Other accrued expenses 38,842 36,253
Total current liabilities 189,564 261,358
Long-term debt 4,574,253 4,560,440
2025 Revolving Credit Facility 125,000 20,000
Operating lease obligation, long-term 15,060 16,236
Deferred income taxes 169,836 197,599
Total liabilities 5,073,713 5,055,633
Commitments and contingencies (Note 7)
Shareholders’ deficit:    
Preferred stock, $0.0001 par value — 10,000,000 shares authorized; no shares issued 0 0
Common stock, $0.0001 par value — 1,500,000,000 shares authorized; 17,743,149 and 17,295,582 issued; 17,000,290 and 16,552,723 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 2,402,923 2,398,423
Accumulated deficit (2,502,980) (2,429,420)
Accumulated other comprehensive loss (2,351) (4,172)
Treasury stock - 742,859 shares as of March 31, 2026 and December 31, 2025 (138,733) (138,733)
Total shareholders’ (deficit)/equity attributable to Claritev Corporation (241,139) (173,900)
Non-controlling interests 6,725 6,725
Total shareholders' deficit (234,414) (167,175)
Total liabilities and shareholders’ deficit $ 4,839,299 $ 4,888,458