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Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an entity for which separate financial information is available and regularly reviewed by the chief operating decision maker. The Company’s chief operating decision maker ("CODM") is the Chief Executive Officer. The Company manages its operations as a single segment for the purposes of assessing performance and making decisions. The Company's singular focus is being a leading value-added provider of data analytics and technology-enabled end-to-end cost management, payment and revenue integrity solutions to the healthcare industry.
The CODM assesses performance for our reporting segment and decides how to allocate resources based on consolidated net income (loss). The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets. The CODM uses net income (loss) to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into our segment or into other parts of the entity, such as for acquisitions or debt and equity repurchases. Additionally, we have identified personnel costs, stock-based compensation ("SBC"), and access and bill review fees as significant expenses that are regularly provided to the CODM and included in net income (loss). Personnel costs are defined as salaries and corresponding benefits (excluding SBC), severance costs, indirect costs such as recruitment fees, contract labor, and are presented net of capitalized costs. Stock-based compensation includes expense under the 2020 Omnibus Incentive Plan and ESPP. Access and bill review fees include fees for accessing non-owned third-party provider networks, expenses associated with vendor fees for database access and systems technology used to reprice claims, and outsourced services. Third-party network expenses are fees paid to non-owned provider networks used to supplement our owned network assets to provide more network claim savings to our clients.
In addition, substantially all of the Company's revenues and long-lived assets are attributable to operations in the United States for the periods presented.
The following table presents summary results for our reporting segment for the periods presented (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues$257,478 $241,570 $502,156 $472,900 
Cost of Services ("COS")
Personnel expenses excluding stock-based compensation52,576 46,084 103,931 93,963 
Stock-based compensation, including cRSUs3,108 2,518 5,494 4,295 
Access and bill review fees4,796 6,713 13,666 12,221 
Other cost of service expenses7,187 5,508 13,656 10,780 
Costs of services (exclusive of depreciation and amortization of intangible assets shown below)67,667 60,823 136,747 121,259 
General and Administrative ("G&A")
Personnel expenses excluding stock-based compensation16,512 18,307 28,244 35,075 
Stock-based compensation, including cRSUs6,422 6,580 9,864 11,521 
Transformation costs9,250 7,925 21,040 15,653 
Other general and administrative expenses23,205 18,306 54,071 35,837 
General and Administrative Expenses55,389 51,118 113,219 98,086 
Depreciation24,796 25,261 49,979 49,807 
Amortization of intangible assets85,908 85,971 171,816 171,942 
Loss on disposal of leases252 1,689 290 5,006 
Loss on disposal of assets57 130 57 480 
Total expenses234,069 224,992 472,108 446,580 
Operating income
23,409 16,578 30,048 26,320 
Interest expense100,253 99,746 199,795 191,382 
Interest income(195)(323)(377)(811)
Transaction costs related to refinancing transaction— 87 — 7,879 
Loss on extinguishment of debt
— — — 670 
Net loss before taxes(76,649)(82,932)(169,370)(172,800)
Benefit for income taxes(17,423)(20,292)(36,584)(38,841)
Net loss(59,226)(62,640)(132,786)(133,959)
Less: net loss attributable to non-controlling interests— — — — 
Net loss attributable to Claritev Corporation$(59,226)$(62,640)$(132,786)$(133,959)