Claritev Corporation raised its full-year 2026 revenue guidance to a range of $1.0 billion to $1.02 billion, reflecting 4% to 6% growth, while affirming it will deliver in excess of $100 million of bookings this year. The company also lifted its adjusted EBITDA forecast to $610 million to $620 million with margins of approximately 61%, and increased its free cash flow guide by $5 million to a new range of $5 million to $15 million. Second-quarter revenue rose 6.6% year-over-year to $257.5 million, marking the highest quarterly revenue in 15 quarters, and adjusted EBITDA reached $155.8 million, representing 60.5% of revenue. Bookings momentum was strong, with $30 million of annual contract value booked in the quarter, pushing first-half bookings above the full-year 2025 total of $67 million, and the active pipeline exceeded $300 million, up 50% with greater than 3x coverage. Management highlighted the TPA vertical as the largest contributor to second-quarter bookings, with several seven-figure deals, and expects the segment to account for roughly 30% of total new bookings this year, second only to the payer segment.
Claritev CorporationRaises 2026 revenue and EBITDA guidance, increases FCF outlook, and reports strong Q2 results with record bookings.