Claritev (NYSE:CTEV) reported first-quarter 2026 revenue of $244.7 million, marking a 5.8% increase year-over-year, and an adjusted EBITDA of $146.9 million with a 60% margin. The company’s president and CEO, Travis Dalton, emphasized strong performance in its core offerings and new customer acquisitions, contributing to an upward revision of its full-year revenue guidance from $980 million to a new range of $985 million to $1 billion.
For the first quarter, Claritev achieved a record $44.1 million in annual contract value bookings, with expectations of total ACV sales between $80 million and $100 million for the year, signifying a 20% to 50% growth compared to the previous year. The company closed 19 deals exceeding $100,000 in ACV, including nine deals over $1 million, representing a 350% increase in larger transactions.
The report also highlighted significant advancements in artificial intelligence, which doubled coding capacity without added headcount and improved operational efficiency. Claritev’s pipeline grew by 70% year-over-year, with management confident in ongoing revenue conversion and investment opportunities.
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