Forensic Analysis · General / Diversified · as of Jun 27, 2026
Claritev Corp (CTEV)
A forensic read on Claritev Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-1.7
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-517.6%
ROE
$565M
Market cap
Claritev Corp earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -1.7, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
48d DSOReceivables vs revenue.Days sales outstanding moved from 35 to 48 days FY2024→FY2025 (receivables +42% vs revenue +4%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
0%Return on invested capital.Return on invested capital is 0% and rising from -4% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
stoppedShareholder returns — halted.Capital returns have STOPPED — $10M of buybacks + dividends in FY2024, but ~$0 in FY2025. A halt usually means the company is conserving cash; understand why before reading it as neutral.
$2.1BGoodwill impairments.Took $2.1B of goodwill writedowns across 2 year(s) (FY2022 ($658M), FY2024 ($1.4B)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-29.4%
Free Cash Flow$-12.3M
Latest Revenue$965.4M
Revenue Growth YoY+3.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Claritev Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CTEV's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown