CLVTHIGH SIGNALFINANCIAL10-K

CLVT achieved a dramatic operational turnaround with revenue quadrupling and swinging from significant operating losses to profitability, though this transformation required doubling total debt.

This represents a fundamental business transformation, likely driven by major acquisitions, new product launches, or market expansion given the magnitude of changes. The company has successfully scaled operations and achieved operating profitability, but investors should monitor the sustainability of this growth and the company's ability to service the significantly increased debt load.

Comparing 2026-02-24 vs 2025-02-19View on EDGAR →
FINANCIAL ANALYSIS

CLVT experienced explosive growth with revenue surging 301% to $974.3M and operating income swinging from a $275.6M loss to $71.5M profit, demonstrating successful operational scaling. However, the company doubled its debt burden to $3.5B to fund this transformation, while net losses, though improving 68.4%, remained substantial at $201.1M due to likely interest expenses and one-time charges. The combination of dramatic revenue growth, achieved profitability at the operating level, but persistent net losses alongside doubled debt creates a mixed but generally positive picture of a company in rapid transition that requires careful monitoring of debt serviceability.

FINANCIAL STATEMENT CHANGES
Revenue
P&L
+301%
$243.0M$974.3M

Strong top-line growth of 301% — accelerating demand or successful expansion into new markets.

Operating Income
P&L
+125.9%
-$275.6M$71.5M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Total Debt
Balance Sheet
+112.9%
$1.6B$3.5B

Debt increased 112.9% — substantial leverage increase; assess whether deployed for growth or covering losses.

Net Income
P&L
+68.4%
-$636.7M-$201.1M

Net income grew 68.4% — bottom-line growth signals improving overall business health.

Cash & Equivalents
Balance Sheet
+11.5%
$295.2M$329.2M

Cash grew 11.5% — improving liquidity position supports investment and shareholder returns.

LANGUAGE CHANGES
NEW — 2026-02-24
PRIOR — 2025-02-19
ADDED
The number of ordinary shares of the Company outstanding as of January 31, 2026 , was 640,698,582 .
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Certain Relationships and Related Transactions, and Director Independence.
Unless otherwise indicated, throughout this annual report, dollar and euro amounts are presented in millions, except for per share amounts.
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REMOVED
The number of ordinary shares of the Company outstanding as of January 31, 2025, was 691,638,374 .
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 23 Item 6.
Management s Discussion and Analysis of Financial Condition and Results of Operations 25 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 71 Item 9A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 73 Item 13.
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