Claritev lifted its full-year revenue guidance after first-quarter results topped expectations, driven by record bookings and AI-driven growth.
Claritev reported first-quarter revenue of $244.7 million, exceeding expectations and marking a 5.8% year-over-year increase. Adjusted EBITDA rose 3.4% to $146.9 million, with a 60% margin, as the company cited strong sales momentum and cross-sell activity.
The company raised the low end of its 2026 revenue guidance to a range of $985 million to $1 billion while maintaining its EBITDA outlook. Bookings reached a record $44.1 million in annual contract value, supported by a 70% year-over-year pipeline growth and improved win rates.
Management highlighted AI adoption and expansion into new markets, including public sector and healthcare deals, as key growth drivers. CEO Travis Dalton noted progress in core offerings and AI integration across operations.