Clarivate PLC income statement
In fiscal 2025, Clarivate PLC reported revenue of $2.46bn, down 4.0% on the year before, operating income of $71.5m (a 2.9% margin) and net income of −$201m, or −$0.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 918 | 968 | 974 | 1,254 | 1,877 | 2,660 | 2,629 | 2,557 | 2,455 | 2,563 |
| Cost of revenue | — | — | 352 | 439 | 626 | 954 | 906 | 869 | 834 | 839 |
| Gross profit | — | — | 622 | 815 | 1,251 | 1,706 | 1,722 | 1,688 | 1,622 | 1,724 |
| Research and development | 18 | 14 | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 343 | 413 | 475 | 545 | 643 | 730 | 740 | 728 | 709 | 748 |
| Operating income | −147 | −106 | −82 | −36 | −87 | −3,926 | −735 | −276 | 72 | −74 |
| Interest expense | 138 | 131 | 158 | 112 | 253 | 270 | 294 | — | — | — |
| Income before tax | −285 | −237 | −248 | −353 | −258 | −3,989 | −1,013 | −554 | −194 | −320 |
| Income tax | −21 | 6 | 10 | −3 | 12 | −29 | −101 | 83 | 7 | 3 |
| Net income | −264 | −242 | −259 | −351 | −271 | −3,960 | −911 | −637 | −201 | −387 |
| Diluted EPS | −$160.83 | −$1.11 | −$0.94 | −$0.82 | −$0.61 | −$6.24 | −$1.47 | −$0.96 | −$0.30 | −$0.60 |
| Diluted shares (average) | 2m | 2m | 274m | 427m | 641m | 679m | 672m | 694m | 673m | 643m |
| EBITDA | 81 | 132 | 118 | 267 | 451 | −3,215 | −26 | 451 | 829 | 717 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 663 | 594 | 621 | 530 | 909 | 586 | 587 | 482 |
| Cost of revenue | 228 | 207 | 204 | 179 | 322 | 192 | 186 | 139 |
| Gross profit | 435 | 387 | 418 | 352 | 586 | 393 | 402 | 343 |
| Selling, general and administrative | 181 | 178 | 181 | 146 | 255 | 176 | 182 | 135 |
| Operating income | −62 | −21 | 7 | 46 | 56 | 30 | −200 | 40 |
| Income before tax | −132 | −85 | −60 | −23 | −10 | −29 | −261 | −21 |
| Income tax | 60 | 19 | 12 | 2 | −22 | 11 | 8 | 6 |
| Net income | −192 | −104 | −72 | −28 | 3 | −40 | −269 | −81 |
| Diluted EPS | −$0.27 | −$0.15 | −$0.11 | −$0.04 | $0.00 | −$0.06 | −$0.42 | −$0.13 |
| EBITDA | 124 | 165 | 198 | 215 | 314 | 214 | −15 | 202 |
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