---
schema_version: "secwatch.filing_event.v1"
accession: "0001793229-24-000075"
form_type: "8-K"
ticker: "CTEV"
cik: "0001793229"
company_name: "Claritev Corp"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:19:30.179702+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MultiPlan Q1 revenue $234.5M (-0.9% YoY); net loss $539.7M on $519.1M goodwill impairment

## Summary
- Revenue $234.5M vs $236.6M in Q1 2023, just below guided range due to $5-6M cyber incident impact.
- Net loss $539.7M vs net income $0.2M; includes $519.1M goodwill and intangible impairment.
- Adjusted EBITDA $146.8M, down 6.1% from $156.3M; Free Cash Flow $19.2M vs $41.1M.
- FY 2024 guidance maintained: revenue $1,000-1,030M, Adj EBITDA $630-650M; Q2 revenue guided $235-250M.
- Used $18.2M cash to repay $24.4M face value of debt; $10.4M share repurchases in open market.

## SEC filing metadata
- accession: 0001793229-24-000075
- form_type: 8-K
- ticker: CTEV
- cik: 0001793229
- company_name: Claritev Corp
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1793229/000179322924000075/0001793229-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1793229/000179322924000075/mpln-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001793229-24-000075
- JSON: https://secwatch.observer/filing/0001793229-24-000075.json
- Plain text: https://secwatch.observer/filing/0001793229-24-000075.txt

## Key facts
- Earnings Releases
  Claritev Corp reported first quarter ended March 31, 2024 results: revenue $234.5 million, net income Net loss of $539.7 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $234.5 million
  - Net income: Net loss of $539.7 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: MultiPlan Reports First Quarter 2024 Results – Q1 2024 Revenues of $234.5 million, Net Loss of $539.7 million (including a $519.1 million impairment of goodwill and indefinite-lived intangible assets), and Adjusted EBITDA of $146.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1793229/000179322924000075/0001793229-24-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.