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CLOVER HEALTH INVESTMENTS, CORP. /DE

CLOVER HEALTH INVESTMENTS, CORP. /DECLOVEarnings & Financial Report

Nasdaq · health care

Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.

NextMar 30, 2026

CLOV Q3 2025 Key Financial Metrics

Revenue

$496.6M

Gross Profit

N/A

Operating Profit

$-24.4M

Net Profit

$-24.4M

Gross Margin

N/A

Operating Margin

-4.9%

Net Margin

-4.9%

YoY Growth

50.1%

Financial Flow

CLOVER HEALTH INVESTMENTS, CORP. /DE Q3 2025 Financial Summary

CLOVER HEALTH INVESTMENTS, CORP. /DE reported revenue of $496.6M for Q3 2025, with a net profit of $-24.4M (-4.9% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$496.6M
Net Profit$-24.4M
Gross MarginN/A
Operating Margin-4.9%
Report PeriodQ3 2025

CLOVER HEALTH INVESTMENTS, CORP. /DE Annual Revenue by Year

CLOVER HEALTH INVESTMENTS, CORP. /DE annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.4B).

YearAnnual Revenue
2024$1.4B
2023$2.0B
2022$3.5B

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$510.3M$346.9M$356.3M$331.0M$337.0M$462.3M$477.6M$496.6M
YoY Growth-43.2%-34.3%-30.6%-31.3%-34.0%33.3%34.1%50.1%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$570.7M$671.8M$674.2M$653.0M$580.7M$583.7M$575.0M$559.7M
Liabilities$284.3M$379.3M$349.3M$310.8M$239.6M$247.6M$230.8M$218.7M
Equity$286.4M$292.5M$324.9M$342.2M$341.1M$336.1M$344.2M$340.9M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-229.3M$25.9M$44.8M$50.0M$-85.8M$-16.3M$5.4M$12.1M