Clover Health Investments, Corp. (CLOV) Financial Statements
Industry: Hospital & Medical Service Plans
In fiscal 2025, Clover Health Investments reported revenue of $1.92B, up 40.3% from $1.37B the year before. Net income was -$85.5M (a -4.4% net margin), or -$0.17 per diluted share. Gross margin was 18.5% and operating margin was -4.4%. Operating activities generated -$66.9M of cash, leaving -$69.0M of free cash flow. At fiscal year end, Clover Health Investments held $541.0M in total assets against $232.3M in total liabilities, including $78.3M of cash and equivalents.
Open the full interactive Clover Health Investments financials → Quarterly statements, key ratios, valuation history and price charts.
Clover Health Investments Key Stats
| Share Price | $4.81 |
|---|---|
| Market Cap | $2.62B |
| Revenue YoY Growth | +40.3% |
| 52-Week Range | $1.70 – $5.41 |
| Shares Outstanding | 524.2 million (basic, 2026 Q2) |
Clover Health Investments Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $1.47B | $3.48B | $2.03B | $1.37B | $1.92B |
| Cost of Goods Sold | $0 | — | $3.45B | $1.78B | $1.01B | $1.57B |
| Gross Profit | $0 | -$79.2M | $22.7M | $257.3M | $364.8M | $355.9M |
| Operating Income | -$6.9M | -$637.0M | -$370.9M | -$208.5M | -$45.7M | -$85.5M |
| Pre-Tax Income | -$6.7M | -$587.8M | -$338.8M | -$213.4M | -$43.0M | -$85.5M |
| Income Tax | — | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$6.7M | -$587.8M | -$338.8M | -$213.4M | -$43.0M | -$85.5M |
| Diluted EPS | -$0.06 | -$1.42 | -$0.71 | -$0.44 | -$0.09 | -$0.17 |
Clover Health Investments Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $496.6M | $487.7M | $749.2M | $743.2M |
| Net Income | -$24.4M | -$49.3M | $27.3M | $28.0M |
| Diluted EPS | -$0.05 | -$0.10 | $0.05 | $0.05 |
Clover Health Investments Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.0M | $300.0M | $103.8M | $122.9M | $194.5M | $78.3M |
| Current Assets | $28.3M | $752.5M | $625.0M | $428.0M | $343.1M | $307.9M |
| Total Assets | $856.4M | $950.8M | $808.6M | $570.7M | $580.7M | $541.0M |
| Current Liabilities | $33.9M | $372.6M | $440.7M | $261.1M | $213.5M | $208.8M |
| Total Long-Term Debt | — | $20.0M | — | — | — | — |
| Total Liabilities | $62.9M | $411.5M | $460.9M | $284.3M | $239.6M | $232.3M |
| Shareholders' Equity | $5.0M | $535.4M | $347.7M | $286.4M | $341.1M | $308.7M |
Clover Health Investments Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.2M | -$282.3M | -$203.9M | -$115.9M | $34.8M | -$66.9M |
| Cash From Investing | -$828.0M | -$435.4M | $95.1M | $140.0M | $565,000 | $4.1M |
| Cash From Financing | $858.2M | $925.4M | -$5.0M | -$33.9M | -$17.4M | -$53.4M |
| Free Cash Flow | — | -$283.0M | -$208.4M | -$116.5M | $33.3M | -$69.0M |
Figures from Clover Health Investments' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Clover Health Investments financials page for every line item.
Clover Health Investments Company Profile
| Ticker | CLOV |
|---|---|
| Exchange | Nasdaq |
| Industry | Hospital & Medical Service Plans |
| Headquarters | Jersey City, New Jersey |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001801170 |
Frequently Asked Questions
What was Clover Health Investments' revenue in fiscal 2025?
Clover Health Investments (CLOV) reported revenue of $1.92B for fiscal 2025.
What is Clover Health Investments' annual revenue history?
Clover Health Investments' annual revenue by fiscal year: 2020: $0; 2021: $1.47B; 2022: $3.48B; 2023: $2.03B; 2024: $1.37B; 2025: $1.92B.
What was Clover Health Investments' net income in fiscal 2025?
Clover Health Investments reported net income of -$85.5M for fiscal 2025.
What was Clover Health Investments' earnings per share (EPS) in fiscal 2025?
Clover Health Investments' diluted EPS was -$0.17 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Clover Health Investments generate in fiscal 2025?
Clover Health Investments generated -$69.0M of free cash flow in fiscal 2025.
What was Clover Health Investments' revenue last quarter?
In its most recent reported quarter (2026 Q2), Clover Health Investments reported revenue of $743.2M.
How many shares of Clover Health Investments are outstanding?
Clover Health Investments reported a weighted average of 524.2 million basic shares outstanding in 2026 Q2.
What is Clover Health Investments' market cap?
Based on its latest closing price, Clover Health Investments (CLOV) has a market capitalization of about $2.62B.
When does Clover Health Investments' fiscal year end?
Clover Health Investments' fiscal year end, as registered with the SEC, is December 31.
Where is Clover Health Investments headquartered?
Clover Health Investments lists its business address in Jersey City, New Jersey in its SEC filings.