CTEV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $23.72

Market Cap (MRQ) $402M

P/E (TTM) -1.4

EPS (TTM) $-17.01

Revenue (TTM) $995M

ROE (TTM) 169.3%

Debt/Equity (MRQ) -0.0

52W Range $12–$74

CTEV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 1

Ex-date	Split	Type
Sept. 23, 2024	1-for-40	Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$965M

2018-12-31 → 2025-12-31

EPS$-17.30

2019-12-31 → 2025-12-31

Free Cash Flow$-12M

2021-12-31 → 2025-12-31

Net margin-28.5%

2021-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	CTEV	5Y avg	Peer Median	Verdict
P/E (TTM)	-1.45Y avg ≈208.7	≈208.7	·	·
P/S (TTM)	0.45Y avg ≈33.7	≈33.7	1.0	Undervalued
P/B (MRQ)	-1.45Y avg ≈17.1	≈17.1	·	·
EV / EBITDA	14.65Y avg ≈93.4	≈93.4	·	·
Price / FCF (TTM)	-22.45Y avg ≈194.2	≈194.2	·	·
Price / Cash Flow (TTM)	3.05Y avg ≈116.8	≈116.8	17.5	Undervalued
EV / Revenue	0.45Y avg ≈33.6	≈33.6	·	·
EV / FCF	-34.15Y avg ≈193.8	≈193.8	·	·
Price / Tangible Book (MRQ)	-0.2	·	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	CTEV	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	3.3%5Y avg ≈-25.7%	≈-25.7%	-1.5%	Top tier
EBITDA Margin	3.0%5Y avg ≈-25.7%	≈-25.7%	-1.5%	Top tier
Pretax Margin (TTM)	-37.2%5Y avg ≈-56.0%	≈-56.0%	-14.1%	Weak
Net Profit Margin (TTM)	-28.5%5Y avg ≈-52.0%	≈-52.0%	-9.8%	Weak
ROA (TTM)	-5.8%5Y avg ≈-8.0%	≈-8.0%	-15.2%	Top tier
ROE (TTM)	169.3%5Y avg ≈-178.2%	≈-178.2%	-28.2%	Top tier
ROIC	-13.8%5Y avg ≈-268.4%	≈-268.4%	-33.3%	Top tier

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	CTEV	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	-0.05Y avg ≈0.0	≈0.0	0.5	Low debt
Current Ratio (MRQ)	1.05Y avg ≈1.5	≈1.5	2.7	Low liquidity
Quick Ratio	0.65Y avg ≈1.3	≈1.3	1.6	Low liquidity

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	CTEV	5Y avg	Peer Median	Verdict
Revenue YoY	3.7%5Y avg ≈1.1%	≈1.1%	·	·
Revenue CAGR 3Y	-3.7%5Y avg ≈-2.9%	≈-2.9%	·	·
Revenue CAGR 5Y	0.58%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	CTEV	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-17.305Y avg ≈$-25.13	≈$-25.13	·	·
Revenue / Share	$58.745Y avg ≈$24.25	≈$24.25	·	·
Cash Flow / Share	$7.145Y avg ≈$3.05	≈$3.05	·	·
Cash / Share	$1.025Y avg ≈$0.60	≈$0.60	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	CTEV	5Y avg	Peer Median	Verdict
Asset Turnover	0.25Y avg ≈0.2	≈0.2	0.5	Weak
Receivables Turnover	8.95Y avg ≈11.6	≈11.6	5.2	Top tier
Revenue / Employee	≈$321.8K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise -8.8%

Next Report Nov 05, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 4, 2026	$-3.49	$-4.21	17.1%
March 31, 2026		$-4.41	$-4.09	-7.9%
Dec. 31, 2025		$-4.88	$-3.88	-25.6%
Sept. 30, 2025		$-4.23	$-3.67	-15.4%
June 30, 2025		$-3.81	$-3.91	2.6%
March 31, 2025		$-3.90	$-3.16	-23.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 14

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue	$965M	$931M	$962M	$1.08B	$1.12B	$938M	$983M
SG&A Expense	$222M	$151M	$143M	$167M	$151M	$356M	$75M
Operating Expenses	$937M	$2.32B	$800M	$1.44B	$731M	$1.07B	$615M
Operating Income	$29M	$-1.39B	$162M	$-363M	$386M	$-132M	$368M
Interest Expense	·	·	$333M	$303M	$267M	$336M	$376M
Interest Income	$2M	$3M	$8M	$4M	$30.0K	$288.0K	$196.0K
Pretax Income	$-373M	$-1.77B	$-107M	$-561M	$135M	$136M	$-547M
Income Tax	$-89M	$-125M	$-15M	$12M	$33M	$33M	$-26M
Net Income	$-284M	$-1.65B	$-92M	$-573M	$102M	$-521M	$10M
EPS (Basic)	$-17.30	$-101.92	$-5.69	$-0.90	$0.16	$-1.11	$0.02
EPS (Diluted)	$-17.30	$-101.92	$-5.69	$-0.90	$0.16	$-1.11	$0.02
Shares (Basic)	16,434,919	16,147,506	16,128,366	638,925,689	651,006,567	470,785,192	415,700,000
Shares (Diluted)	16,434,919	16,147,506	16,128,366	638,925,689	651,525,791	470,785,192	415,700,000
EBITDA	$29M	$-1.39B	$162M	$-363M	$386M	·	·

Balance Sheet 26

Metric	2025	2024	2023	2022	2021	2020	2019
Cash & Equivalents	$17M	$17M	$72M	$334M	$185M	$127M	$22M
Receivables	$128M	$90M	$77M	$79M	$100M	$63M	$77M
Prepaid Expense	·	·	·	·	·	·	$0
Other Current Assets	$14M	$7M	$3M	$4M	$999.0K	$1M	$195.0K
Current Assets	$224M	$176M	$194M	$447M	$319M	$209M	$116M
Goodwill	$2.41B	$2.40B	$3.83B	$3.71B	$4.36B	$4.26B	$4.14B
Intangibles	$1.88B	$2.23B	$2.63B	$2.94B	$3.29B	$3.58B	$3.89B
Other Non-current Assets	$33M	$37M	$22M	$22M	$10M	$14M	$8M
Total Assets	$4.89B	$5.15B	$6.96B	$7.37B	$8.22B	$8.28B	$8.36B
Accounts Payable	$60M	$86M	$20M	$13M	$13M	$15M	$10M
Accrued Liabilities	$36M	$21M	·	·	·	·	·
Current Liabilities	$261M	$214M	$167M	$176M	$142M	$112M	$86M
Capital Leases	$16M	$14M	$17M	$21M	$27M	$27M	$23M
Deferred Tax	$198M	$326M	$522M	$639M	$754M	$901M	$869M
Other Non-current Liabilities	$0	$4M	$17M	$28.0K	$135.0K	$0	·
Total Liabilities	$5.06B	$5.07B	$5.26B	$5.58B	$5.88B	$5.73B	$6.38B
Long-term Debt	$4.61B	$4.57B	$4.60B	$4.82B	$4.97B	·	·
Total Debt	$15M	$13M	$13M	$13M	$13M	·	·
Common Stock	·	·	·	·	$67.0K	$66.0K	$42.0K
Paid-in Capital	$2.40B	$2.37B	$2.35B	$2.33B	$2.31B	$2.53B	$1.35B
Retained Earnings	$-2.43B	$-2.15B	$-499M	$-348M	$225M	$117M	$638M
Treasury Stock	$139M	$139M	$128M	$192M	$192M	$90M	$0
AOCI	$-4M	$-5M	$-12M	$0	·	·	·
Stockholders' Equity	$-174M	$84M	$1.71B	$1.79B	$2.34B	$2.56B	$1.99B
Liabilities + Equity	$4.89B	$5.15B	$6.96B	$7.37B	$8.22B	$8.28B	$8.36B
Shares Outstanding	16,552,723	16,930,827	16,695,207	16,657,259	665,456,180	664,183,318	415,700,000

Cash Flow 14

Metric	2025	2024	2023	2022	2021	2020	2019
Stock-based Comp	$28M	$27M	$18M	$17M	$18M	$406M	$-15M
Deferred Tax	$-129M	$-198M	$-114M	$-114M	$-82M	$-45M	$-111M
Amort. of Intangibles	$344M	$344M	$343M	$341M	$340M	$335M	$334M
Operating Cash Flow	$117M	$108M	$172M	$372M	$405M	$377M	$284M
CapEx	$130M	$118M	$109M	$90M	$85M	$71M	$66M
Investing Cash Flow	$-121M	$-118M	$-250M	$-104M	$-228M	$-211M	$-66M
Stock Issued	$2M	$1M	$508.0K	$0	$0	·	·
Stock Repurchased	$0	$10M	$15M	$0	$100M	$101M	$0
Net Stock Activity	$2M	$-9M	$-15M	$0	$-100M	·	·
Financing Cash Flow	$2M	$-41M	$-181M	$-116M	$-115M	$-62M	$-201M
Net Change in Cash	$-1M	$-52M	$-259M	$152M	$62M	$105M	$17M
Taxes Paid	$44M	$80M	$100M	$124M	$132M	$4M	$115M
Free Cash Flow	$-12M	$-11M	$63M	$283M	$320M	·	·
Levered FCF	·	·	$-223M	$-27M	$119M	·	·

Profitability 7

Metric	2025	2024	2023	2022	2021	2020	2019
Operating Margin	3.0%	-149.3%	16.9%	-33.6%	34.5%	·	·
Net Margin	-29.4%	-176.8%	-9.5%	-53.1%	9.1%	·	·
Pretax Margin	-38.6%	-190.3%	-11.1%	-51.9%	12.1%	·	·
EBITDA Margin	3.0%	-149.3%	16.9%	-33.6%	34.5%	·	·
ROA	-5.7%	-27.2%	-1.3%	-7.3%	1.2%	·	·
ROE	265.9%	-1128.9%	-5.3%	-27.1%	4.3%	·	·
ROIC	-13.8%	-1328.1%	8.1%	-20.5%	12.3%	·	·

Liquidity & Solvency 4

Metric	2025	2024	2023	2022	2021	2020	2019
Current Ratio	0.9	0.8	1.2	2.5	2.2	·	·
Quick Ratio	0.6	0.5	0.9	2.3	2.0	·	·
Debt / Equity	-0.1	0.2	0.0	0.0	0.0	·	·
Interest Coverage	·	·	0.5	-1.2	1.4	·	·

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021	2020	2019
Asset Turnover		0.2	0.2	0.1	0.1	0.1	·	·
Receivables Turnover		8.9	11.2	12.4	12.1	13.7	·	·

Per Share 5

Metric	2025	2024	2023	2022	2021	2020	2019
Book Value / Share	$-10.51	$5.19	$2.64	$2.80	$3.67	·	·
Revenue / Share	$58.74	$57.63	$1.49	$1.69	$1.72	·	·
Cash Flow / Share	$7.14	$6.66	$0.27	$0.58	$0.62	·	·
Cash / Share	$1.02	$1.04	$0.11	$0.52	$0.29	·	·
EPS (TTM)	$-17.30	$-101.92	$-5.69	$-0.90	$0.16	$-1.11	·

Growth Rates 3

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue YoY	3.7%	-3.2%	-10.9%	-3.4%	19.2%	·	·
Revenue CAGR 3Y	-3.7%	-5.9%	0.84%	·	·	·	·
Revenue CAGR 5Y	0.58%	·	·	·	·	·	·

Valuation (TTM) 13

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue TTM	$965M	$931M	$962M	$1.08B	$1.12B	$938M	·
Net Income TTM	$-284M	$-1.65B	$-92M	$-573M	$102M	$-521M	·
Market Cap	$708M	$239M	$37.34B	$29.40B	$113.11B	·	·
Enterprise Value	$706M	$236M	$37.28B	$29.08B	$112.94B	·	·
P/E	-2.5	-0.1	-10.1	-51.1	1107.5	-287.9	·
P/S	0.7	0.3	38.8	27.2	101.2	·	·
P/B	-4.1	2.8	21.8	16.4	48.2	·	·
P / Cash Flow	6.0	2.2	217.5	79.0	279.5	·	·
P / FCF	-57.6	-22.8	594.0	104.0	353.4	·	·
EV / EBITDA	24.5	-0.2	230.2	-80.2	292.5	·	·
EV / FCF	-57.5	-22.4	593.1	102.9	352.8	·	·
EV / Revenue	0.7	0.3	38.8	26.9	101.1	·	·
Earnings Yield	-40.5%	-689.6%	-9.9%	-2.0%	0.09%	-0.35%	·

Income Statement 14

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$257M	$245M	$247M	$246M	$242M	$231M	$232M	$230M	$233M	$235M	$244M	$243M	$238M	$237M	$241M	$250M
SG&A Expense	$55M	$58M	$56M	$62M	$51M	$47M	$44M	$38M	$35M	$35M	$35M	$37M	$40M	$31M	$36M	$58M
Operating Expenses	$234M	$238M	$254M	$236M	$225M	$222M	$274M	$569M	$757M	$721M	$203M	$203M	$203M	$190M	$855M	$214M
Operating Income	$23M	$7M	$-8M	$10M	$17M	$10M	$-41M	$-338M	$-524M	$-486M	$41M	$40M	$35M	$47M	$-614M	$36M
Interest Expense	·	·	·	·	·	·	·	·	·	$82M	·	$84M	$82M	$83M	$82M	$77M
Interest Income	$195.0K	$182.0K	$279.0K	$471.0K	$323.0K	$488.0K	$408.0K	$1M	$551.0K	$926.0K	$1M	$2M	$2M	$3M	$3M	$886.0K
Pretax Income	$-77M	$-93M	$-107M	$-93M	$-83M	$-90M	$-186M	$-419M	$-604M	$-562M	$-32M	$-31M	$-46M	$2M	$-648M	$9M
Income Tax	$-17M	$-19M	$-26M	$-24M	$-20M	$-19M	$-48M	$-27M	$-28M	$-22M	$-386.0K	$-7M	$-10M	$2M	$2M	$-11M
Net Income	$-59M	$-74M	$-81M	$-70M	$-63M	$-71M	$-138M	$-391M	$-577M	$-540M	$-31M	$-24M	$-36M	$209.0K	$-650M	$20M
EPS (Basic)	$-3.49	$-4.41	$-4.88	$-4.23	$-3.81	$-4.38	$-8.49	$-24.25	$-35.78	$-33.40	$-4.14	$-1.49	$-0.06	$0.00	$-1.02	$0.03
EPS (Diluted)	$-3.49	$-4.41	$-4.88	$-4.23	$-3.81	$-4.38	$-8.49	$-24.25	$-35.78	$-33.40	$-4.14	$-1.49	$-0.06	$0.00	$-1.02	$0.03
Shares (Basic)	16,964,960	16,692,340	·	16,480,703	16,453,896	16,273,439	·	16,143,520	16,116,996	16,158,356	·	16,161,095	643,339,328	638,721,991	·	639,073,949
Shares (Diluted)	16,964,960	16,692,340	·	16,480,703	16,453,896	16,273,439	·	16,143,520	16,116,996	16,158,356	·	16,161,095	643,339,328	640,901,289	·	639,850,455
EBITDA	$23M	$7M	·	$10M	$17M	$10M	·	$-338M	$-524M	$-486M	·	$40M	$35M	$47M	·	$36M

Balance Sheet 24

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$14M	$21M	$17M	$39M	$56M	$23M	$17M	$87M	$49M	$59M	$72M	$101M	$90M	$266M	$334M	$439M
Receivables	$131M	$141M	$128M	$127M	$124M	$93M	$90M	$82M	$81M	$82M	·	$69M	$70M	$67M	$79M	$72M
Other Current Assets	$23M	$14M	$14M	$10M	$11M	$7M	$7M	$2M	$14M	$14M	·	$12M	$6M	$5M	$4M	$2M
Current Assets	$236M	$242M	$224M	$257M	$247M	$185M	$176M	$212M	$192M	$190M	·	$212M	$209M	$371M	$447M	$529M
Goodwill	$2.41B	$2.41B	$2.41B	$2.40B	$2.40B	$2.40B	$2.40B	$2.40B	$2.76B	$3.31B	$3.83B	$3.83B	$3.83B	$3.71B	$3.71B	$4.36B
Intangibles	$1.71B	$1.80B	$1.88B	$1.97B	$2.05B	$2.14B	$2.23B	$2.37B	$2.46B	$2.54B	·	$2.72B	$2.81B	$2.86B	$2.94B	$3.03B
Other Non-current Assets	$36M	$35M	$33M	$31M	$44M	$40M	$37M	$31M	$28M	$24M	·	$21M	$22M	$22M	$22M	$22M
Total Assets	$4.76B	$4.84B	$4.89B	$4.99B	$5.07B	$5.08B	$5.15B	$5.32B	$5.74B	$6.37B	·	$7.06B	$7.14B	$7.22B	$7.37B	$8.19B
Accounts Payable	$57M	$59M	$60M	$39M	$43M	$35M	$86M	$23M	$22M	$18M	·	$14M	$15M	$14M	$13M	$14M
Accrued Liabilities	·	·	$36M	·	·	·	$21M	·	·	·	·	·	·	·	·	·
Current Liabilities	$238M	$190M	$261M	$213M	$253M	$180M	$214M	$201M	$181M	$194M	·	$172M	$147M	$156M	$176M	$230M
Capital Leases	$14M	$15M	$16M	$16M	$17M	$13M	$14M	$10M	$15M	$16M	·	$19M	$20M	$20M	$21M	$20M
Deferred Tax	$142M	$170M	$198M	$246M	$226M	$273M	$326M	$379M	$428M	$468M	·	$552M	$592M	$643M	$639M	$615M
Other Non-current Liabilities	·	·	$0	$0	$3M	$4M	$4M	$12M	$5M	$7M	·	$5M	$0	$0	$28.0K	$55.0K
Total Liabilities	$5.05B	$5.07B	$5.06B	$5.09B	$5.11B	$5.07B	$5.07B	$5.11B	$5.14B	$5.20B	·	$5.31B	$5.37B	$5.43B	$5.58B	$5.76B
Long-term Debt	$4.64B	$4.62B	$4.61B	$4.60B	$4.59B	$4.58B	·	·	·	·	·	·	·	·	·	·
Total Debt	$15M	$15M	·	$15M	$15M	$15M	·	$13M	$13M	$13M	·	$13M	$13M	$13M	·	$13M
Paid-in Capital	$2.41B	$2.40B	$2.40B	$2.39B	$2.38B	$2.38B	$2.37B	$2.37B	$2.36B	$2.35B	·	$2.34B	$2.34B	$2.33B	$2.33B	$2.33B
Retained Earnings	$-2.56B	$-2.50B	$-2.43B	$-2.35B	$-2.28B	$-2.22B	$-2.15B	$-2.01B	$-1.62B	$-1.04B	·	$-468M	$-444M	$-348M	$-348M	$302M
Treasury Stock	$142M	$139M	$139M	$139M	$139M	$139M	$139M	$139M	$139M	$139M	·	$126M	$126M	$198M	$192M	$192M
AOCI	$-955.0K	$-2M	$-4M	$-5M	$-6M	$-7M	$-5M	$-12M	$-1M	$-3M	·	$382.0K	·	·	$0	·
Stockholders' Equity	$-295M	$-241M	$-174M	$-102M	$-40M	$15M	$84M	$208M	$603M	$1.17B	·	$1.75B	$1.77B	$1.79B	$1.79B	$2.44B
Liabilities + Equity	$4.76B	$4.84B	$4.89B	$4.99B	$5.07B	$5.08B	$5.15B	$5.32B	$5.74B	$6.37B	·	$7.06B	$7.14B	$7.22B	$7.37B	$8.19B
Shares Outstanding	16,935,754	17,000,290	16,552,723	16,509,496	16,472,126	16,436,369	16,187,968	16,171,197	645,723,791	644,185,300	16,695,207	649,486,255	649,480,795	634,876,516	639,172,938	639,108,661

Cash Flow 14

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Stock-based Comp	$7M	$7M	$8M	$7M	$7M	$6M	$7M	$7M	$7M	$6M	$5M	$5M	$5M	$4M	$5M	$4M
Deferred Tax	$-29M	$-28M	$-49M	$20M	$-47M	$-53M	$-55M	$-46M	$-40M	$-57M	$-27M	$-40M	$-51M	$3M	$24M	$-79M
Amort. of Intangibles	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$86M	$85M	$85M	$85M
Operating Cash Flow	$93M	$-46M	$66M	$20M	$61M	$-30M	$-33M	$73M	$18M	$50M	$28M	$72M	$8M	$64M	$28M	$109M
CapEx	$38M	$47M	$30M	$36M	$25M	$39M	$30M	$32M	$25M	$31M	$31M	$22M	$32M	$23M	$26M	$21M
Investing Cash Flow	$-38M	$-47M	$-35M	$-23M	$-25M	$-39M	$-30M	$-32M	$-25M	$-31M	$-31M	$-22M	$-173M	$-23M	$-26M	$-21M
Stock Issued	$537.0K	$464.0K	$345.0K	$648.0K	$448.0K	$301.0K	$212.0K	$170.0K	$280.0K	$433.0K	$508.0K	$0	$0	$0	·	·
Stock Repurchased	·	·	$0	$0	$0	$0	$0	$0	$0	$10M	$2M	$0	$7M	$6M	$0	$0
Net Stock Activity	·	$464.0K	·	·	·	$301.0K	·	$0	$0	$-10M	·	·	·	$-6M	·	·
Financing Cash Flow	$-62M	$99M	$-54M	$-14M	$-3M	$73M	$-4M	$-3M	$-3M	$-31M	$-22M	$-38M	$-11M	$-109M	$-103M	$-3M
Net Change in Cash	$-7M	$6M	$-22M	$-17M	$33M	$4M	$-67M	$38M	$-10M	$-12M	$-26M	$12M	$-176M	$-68M	$-101M	$85M
Taxes Paid	$13M	$2M	$-418.0K	$936.0K	$41M	$3M	$22M	$24M	$32M	$2M	$22M	$23M	$52M	$3M	$19M	$32M
Free Cash Flow	·	$-93M	·	·	·	$-69M	·	·	·	$19M	·	·	·	$41M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$-60M	·	·	·	$32M	·	·

Profitability 7

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	9.1%	2.7%	·	4.1%	6.9%	4.2%	·	-146.7%	-224.4%	-207.4%	·	16.3%	14.6%	19.8%	·	14.5%
Net Margin	-23.0%	-30.1%	·	-28.4%	-25.9%	-30.8%	·	-169.8%	-247.0%	-230.1%	·	-9.9%	-15.3%	0.09%	·	7.9%
Pretax Margin	-29.8%	-37.9%	·	-38.0%	-34.3%	-38.9%	·	-181.6%	-258.8%	-239.5%	·	-12.8%	-19.4%	0.80%	·	3.6%
EBITDA Margin	9.1%	2.7%	·	4.1%	6.9%	4.2%	·	-146.7%	-224.4%	-207.4%	·	16.3%	14.6%	19.8%	·	14.5%
ROA	-1.2%	-1.5%	·	-1.4%	-1.2%	-1.2%	·	-6.3%	-9.0%	-8.0%	·	-0.32%	-0.47%	0.00%	·	0.42%
ROE	35.4%	65.0%	·	-131.9%	-22.2%	-12.0%	·	-40.0%	-48.6%	-36.5%	·	-1.1%	-1.7%	0.01%	·	1.6%
ROIC	-6.5%	-2.3%	·	-8.6%	-49.6%	26.2%	·	-143.2%	-81.1%	-39.5%	·	1.7%	1.5%	0.29%	·	3.2%

Liquidity & Solvency 4

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	1.0	1.3	·	1.2	1.0	1.0	·	1.0	1.1	1.0	·	1.2	1.4	2.4	·	2.3
Quick Ratio	0.6	0.9	·	0.8	0.7	0.6	·	0.8	0.7	0.7	·	1.0	1.1	2.1	·	2.2
Debt / Equity	-0.0	-0.1	·	-0.1	-0.4	1.0	·	0.1	0.0	0.0	·	0.0	0.0	0.0	·	0.0
Interest Coverage	·	·	·	·	·	·	·	·	·	-5.9	·	0.5	0.4	0.6	·	0.5

Efficiency 2

Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.1	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.1
Receivables Turnover		2.0	2.1	·	2.4	2.4	2.6	·	3.0	3.1	3.1	·	3.4	2.9	3.3	·	6.9

Per Share 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$-17.39	$-14.18	·	$-6.17	$-2.42	$0.90	·	$12.84	$0.93	$1.82	·	$2.69	$2.72	$2.82	·	$3.81
Revenue / Share	$15.18	$14.66	·	$14.92	$14.68	$14.22	·	$14.28	$0.36	$0.36	·	$0.38	$0.37	$0.37	·	$0.39
Cash Flow / Share	·	$-2.74	·	·	·	$-1.85	·	·	·	$0.08	·	·	·	$0.10	·	·
Cash / Share	$0.85	$1.25	·	$2.37	$3.42	$1.41	·	$5.36	$0.08	$0.09	·	$0.16	$0.14	$0.42	·	$0.69
EPS (TTM)	$-17.01	$-17.33	·	$-20.91	$-40.93	$-72.90	·	$-97.57	$-74.81	$-39.09	·	$-2.57	$-1.05	$-0.97	·	$0.16

Valuation (TTM) 10

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$995M	$979M	·	$951M	$936M	$927M	·	$943M	$955M	$959M	·	$958M	$966M	$1.02B	·	$1.14B
Net Income TTM	$-283M	$-287M	·	$-342M	$-663M	$-1.18B	·	$-1.54B	$-1.17B	$-632M	·	$-710M	$-667M	$-617M	·	$102M
Market Cap	$578M	$278M	·	$876M	$743M	$339M	·	$124M	$10.02B	$20.90B	·	$43.65B	$54.82B	$26.92B	·	$73.11B
Enterprise Value	$578M	$271M	·	$852M	$702M	$331M	·	$50M	$9.99B	$20.85B	·	$43.56B	$54.74B	$26.67B	·	$72.69B
P/E	-2.0	-0.9	·	-2.5	-1.1	-0.3	·	-0.1	-0.2	-0.8	·	-26.1	-80.4	-43.7	·	715.0
P/S	0.6	0.3	·	0.9	0.8	0.4	·	0.1	10.5	21.8	·	45.5	56.7	26.4	·	64.3
P/B	-2.0	-1.2	·	-8.6	-18.6	22.9	·	0.6	16.6	17.9	·	24.9	31.0	15.1	·	30.0
P / Cash Flow	·	-6.1	·	·	·	-11.3	·	·	·	420.3	·	·	·	419.2	·	·
EV / Revenue	0.6	0.3	·	0.9	0.8	0.4	·	0.1	10.5	21.7	·	45.4	56.7	26.2	·	63.9
Earnings Yield	-49.9%	-106.1%	·	-39.4%	-90.7%	-353.4%	·	-1277.1%	-482.0%	-120.5%	·	-3.8%	-1.2%	-2.3%	·	0.14%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$965M	$931M	$962M	$1.08B	$1.12B
Operating Margin %	3.0%	-149.3%	16.9%	-33.6%	34.5%
Net Income	$-284M	$-1.65B	$-92M	$-573M	$102M
Diluted EPS	$-17.30	$-101.92	$-5.69	$-0.90	$0.16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	-0.1	0.2	0.0	0.0	0.0
Current Ratio	0.9	0.8	1.2	2.5	2.2
Quick Ratio	0.6	0.5	0.9	2.3	2.0

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-12M	$-11M	$63M	$283M	$320M

Institutional owners (13F) 119 filers · $508.9M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 119

Value held $508.9M

New positions 24

Exited positions 14

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
24 (+3 vs prior Q)	14 (-6 vs prior Q)	44 (+3 vs prior Q)	23 (+7 vs prior Q)	-188K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
H&F Corporate Investors VIII, Ltd.	$132,614,836	3,887,858	26.06%	Shares
ARES MANAGEMENT LLC	$63,550,512	1,863,105	12.49%	Shares
Arini Capital Management Ltd	$52,348,174	1,534,687	10.29%	Shares
PUBLIC INVESTMENT FUND	$43,703,438	1,281,250	8.59%	Shares
Beach Point Capital Management LP	$26,285,575	770,612	5.17%	Shares
VANGUARD GROUP INC	$24,986,093	584,470	4.91%	Shares
BlackRock, Inc.	$24,668,931	723,217	4.85%	Shares
CPV Partners, LLC	$16,893,250	495,258	3.32%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$14,429,860	423,039	2.84%	Shares
PRUDENTIAL FINANCIAL INC	$12,071,665	353,904	2.37%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$7,681,640	225,151	1.51%	Shares
CASPIAN CAPITAL LP	$6,167,975	180,826	1.21%	Shares
AQR CAPITAL MANAGEMENT LLC	$5,935,516	174,011	1.17%	Shares
STATE STREET CORP	$5,812,173	170,395	1.14%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$5,696,575	167,006	1.12%	Shares
RBF Capital, LLC	$4,615,561	135,314	0.91%	Shares
NOMURA HOLDINGS INC	$4,494,334	131,760	0.88%	Shares
SCOGGIN MANAGEMENT LP	$4,263,750	125,000	0.84%	Shares
BANK OF AMERICA CORP /DE/	$3,196,584	93,714	0.63%	Shares
Allianz Asset Management GmbH	$3,130,377	91,773	0.62%	Shares
OAK HILL ADVISORS LP	$3,130,377	91,773	0.62%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$2,762,432	80,986	0.54%	Shares
Aperture Investors, LLC	$2,753,359	80,720	0.54%	Shares
Invesco Ltd.	$2,563,775	75,162	0.50%	Shares
NORTHERN TRUST CORP	$2,492,145	73,062	0.49%	Shares
FAS Wealth Partners, Inc.	$2,298,912	67,397	0.45%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$2,234,205	65,500	0.44%	Put option
VANGUARD FIDUCIARY TRUST CO	$1,939,290	56,854	0.38%	Shares
Kent Lake PR LLC	$1,857,800	35,000	0.37%	Shares
RENAISSANCE TECHNOLOGIES LLC	$1,569,572	46,015	0.31%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1,480,374	43,400	0.29%	Call option
Cubist Systematic Strategies, LLC	$1,452,579	27,366	0.29%	Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A.	$1,421,807	41,683	0.28%	Shares
Point72 Asset Management, L.P.	$1,330,290	39,000	0.26%	Shares
AXA Investment Managers S.A.	$1,127,207	21,236	0.22%	Shares
CITIGROUP INC	$1,123,140	32,927	0.22%	Shares
UBS Group AG	$1,103,117	32,340	0.22%	Shares
GOLDMAN SACHS GROUP INC	$921,788	27,024	0.18%	Shares
WOLVERINE TRADING, LLC	$915,414	17,400	0.18%	Call option
Bank of New York Mellon Corp	$912,442	26,750	0.18%	Shares
JANE STREET GROUP, LLC	$745,781	21,864	0.15%	Shares
MORGAN STANLEY	$732,000	21,460	0.14%	Shares
ARISTEIA CAPITAL, L.L.C.	$669,136	19,617	0.13%	Shares
Creative Planning	$512,639	15,029	0.10%	Shares
MARSHALL WACE, LLP	$461,611	13,533	0.09%	Shares
CastleKnight Management LP	$443,430	13,000	0.09%	Shares
RHUMBLINE ADVISERS	$410,643	12,039	0.08%	Shares
CITADEL ADVISORS LLC	$399,087	11,700	0.08%	Put option
BARCLAYS PLC	$394,244	11,558	0.08%	Shares
WOLVERINE ASSET MANAGEMENT LLC	$385,443	11,300	0.08%	Put option

Show all 119 institutional owners →

Activists & 5%+ owners 4 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Hellman & Friedman Capital Partners VIII, L.P., Hellman & Friedman Capital Partners VIII (Parallel), L.P., HFCP VIII (Parallel - A), L.P., H&F Executives VIII, L.P., H&F Associates VIII, L.P., H&F Polaris Partners, L.P., H&F Polaris Partners GP, LLC, Music Investments, L.P., Music Investments GP, LLC, Hellman & Friedman Investors VIII, L.P., H&F Corporate Investors VIII, Ltd. ×4 filings	Nov. 14, 2025	23.50%	Amendment	Passive investment	SEC
Green Equity Investors VI, L.P., Green Equity Investors Side VI, L.P., LGP Associates VI-A LLC, LGP Associates VI-B LLC, GEI Capital VI, LLC, Green VI Holdings, LLC, Leonard Green & Partners, L.P., LGP Management, Inc., Peridot Coinvest Manager LLC	Jan. 16, 2025	4.80%	Amendment	·	SEC
MPH Acquisition Holdings LLC, MPH Acquisition Corp.1, Polaris Intermediate Corp., Polaris Parent LLC, Polaris Investment Holdings, L.P., Polaris Investment Holdings GP, LLC ×2 filings	Oct. 13, 2020	·	Initial filing	·	SEC
Green Equity Investors VI, L.P. (2), Green Equity Investors Side VI, L.P. (2), LGP Associates VI-A LLC (2), LGP Associates VI-B LLC (2), GEI Capital VI, LLC (2), Green VI Holdings, LLC (2), Leonard Green & Partners, L.P. (2), LGP Management, Inc. (2), Peridot Coinvest Manager LLC (2)	Oct. 13, 2020	·	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 28 insiders · 14 officers · 12 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Sells 12m	Net 12m
Travis Dalton	Pres., CEO & Executive Chair	Aug. 28, 2026 P	52,322	6	0	$958,106
Douglas Michael Garis	EVP&CFO	Sept. 21, 2026 S	185,416	1	2	$-253,057
James M Head	EVP & Chief Financial Officer	March 1, 2024 A	3,682,613	0	0	$0
David L. Redmond	Former Chief Financial Officer	Dec. 31, 2021 F	194,597	0	0	$0
Paul Galant	President, New Markets	June 23, 2021 A	162,239	0	0	$0
Jerome Hogge	EVP, Chief Operating Officer	March 1, 2026 D	160,268	0	0	$0
Tiffani Misencik	SVP, Chief Growth Officer	Aug. 14, 2026 S	123,723	0	1	$-354,620
William B. Mintz	SVP, Chief Strategy Officer	Aug. 10, 2026 S	71,195	1	1	$-253,869
Brock Albinson	SVP, Chief Accounting Officer	June 30, 2026 A	33,842	0	0	$0
Nutter Carol	SVP, Chief People Officer	June 9, 2026 P	46,941	1	0	$24,859
Michael Kim	EVP, Chief Digital Officer	May 18, 2026 P	185,878	4	0	$1,093,650
Tara O'Neil	SVP, General Counsel	March 1, 2026 D	43,113	2	0	$34,017
Gerald Kozel	SVP, Chief Accounting Officer	March 29, 2025 F	57,815	0	0	$0
Jeffrey Doctoroff	EVP, General Counsel	March 29, 2024 F	1,532,000	0	0	$0
Thomas Benjamin Letham	Director	Sept. 14, 2026 A	2,880	0	0	$0
John Michael Prince	Director	May 19, 2026 P	31,662	1	0	$160,000
Jason Lamar Kap	Director	April 29, 2026 A	16,333	0	0	$0
Julie D Klapstein	Director	April 29, 2026 A	24,611	0	0	$0
Michael Klein	Director	April 29, 2026 A	24,334	0	0	$0
Dale A. White	Director	March 1, 2026 F	145,922	0	0	$0
Glenn R August	Director	April 24, 2024 A	320,082	0	0	$0
Mark Tabak	Director	Dec. 31, 2022 F	1,023,798	0	0	$0
William L Veghte	Director	April 26, 2022 A	41,287	0	0	$0
Allen R Thorpe	Director	Oct. 8, 2020 A	37,677,074	0	0	$0
Mark D Klein	Director	Oct. 7, 2020 P	481,711	0	0	$0
Richard A Clarke	·	April 29, 2026 A	24,334	0	0	$0
Anthony Colaluca Jr	·	April 29, 2026 A	24,334	0	0	$0
Martin C Harris	·	April 29, 2026 A	24,282	0	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 16 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
IWC · iShares Trust	0.08%	33,106 SH	Sept. 11, 2026	Daily
VTWV · VANGUARD SCOTTSDALE FUNDS	0.02%	6,396 SH	Aug. 19, 2026	Daily
PRFZ · Invesco Exchange-Traded Fund Trust	0.01%	16,517 SH	Oct. 2, 2026	Daily
IWM · iShares Trust	0.01%	259,563 SH	Sept. 11, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.01%	56,059 SH	Aug. 19, 2026	Daily
RSSL · Global X Funds	0.01%	4,673 NS	July 31, 2026	N-PORT
IWO · iShares Trust	0.01%	26,224 SH	Sept. 11, 2026	Daily
ITOT · iShares Trust	0.00%	15,755 SH	Sept. 11, 2026	Daily
DXUV · Dimensional ETF Trust	0.00%	78 NS	July 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.00%	524 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.00%	89,759 SH	Aug. 19, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	322,316 SH	Aug. 19, 2026	Daily
VTWG · VANGUARD SCOTTSDALE FUNDS	0.00%	2,506 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	936 SH	Aug. 19, 2026	Daily
VHT · VANGUARD WORLD FUND	0.00%	15,089 SH	Aug. 19, 2026	Daily
IWN · iShares Trust	·	67,443 SH	Sept. 11, 2026	Daily

CTEV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 12 analysts BUY

Median target $43.00 +81.3%

4 33.3% Strong Buy

6 50.0% Buy

2 16.7% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

5 analysts · 2026-09-29

Mean target $46.00 +93.9%

← Below all targets Current price $23.72

Low$30.00 Mean$46.00 High$73.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
CTEV	$708M	-2.5	3.7%	-29.4%	265.9%	·
EVH	·	-0.8	-26.6%	-28.5%	-81.5%	·
SLP	$285M	-4.4	13.1%	-81.7%	-41.2%	58.4%
AMWL	$81M	-0.8	-2.0%	-38.4%	-35.4%	·
OPRX	$230M	45.4	18.8%	4.7%	4.2%	67.2%
DH	·	-2.2	-4.2%	-57.5%	-28.2%	75.9%
LFMD	$159M	13.6	25.3%	7.4%	204.0%	85.7%
HCAT	·	-0.9	1.5%	·	·	·
VEEV	$33.40B	37.5	16.3%	28.4%	13.1%	75.5%

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

CTEV Class A Claritev Corporation Class A Common Stock