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Clover Health Investments

CLOV

Clover Health is a technology-centric healthcare company that operates Medicare Advantage plans and develops proprietary software to improve clinical decision-making.

Market cap
$2.25B+52.4%
Revenue$2.2B+48.8%
Net income-$56.9M-127%
Free cash flow$71.4M+134%
EPS (diluted)-$0.12-140%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$728.3M
EPS estimate$0.05

Financials

Q1 2026

Income statement

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Revenue$749.2M+62.0%
Operating income$27.3M+2,246%
Net income$27.3M+2,246%
EPS (diluted)$0.05

Balance sheet

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Cash & equivalents$173.3M+11.5%
Total equity$339.4M+1.0%
Total assets$697.7M+19.5%

Cash flow

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Operating cash flow$107.9M+762%
CapEx$854.0K+362%
Free cash flow$107.0M+750%

Valuation & ratios

Valuation

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Market cap$2.25B+52.4%
P/S+0.1×

Profitability

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Operating margin-2.6%+3.5pp
Net margin-2.6%+2.8pp

Returns & leverage

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Return on equity-16.9%-170pp
Current ratio1.3×-0.2×

Segments

By segment

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Insurance segment$20.4M

Competitors

Profile

Clover Health is a technology-centric healthcare company that operates Medicare Advantage plans and develops proprietary software to improve clinical decision-making. The company's core value proposition centers on its AI-powered platform, which provides physicians with real-time, data-driven insights to identify and manage chronic diseases earlier. By integrating insurance operations with advanced software, the company aims to reduce medical expenses and improve health outcomes for the Medicare-eligible population.

Competitive position

Clover Health positions itself as a tech-first disruptor in the Medicare Advantage space, utilizing a proprietary AI feedback loop to outperform traditional managed care plans.

GeographiesUnited States
Customer segmentsSeniors, Healthcare Providers, Insurance Payors
Business modelInsurance Underwriting, Subscription SaaS, Tech-Enabled Services
SuppliersData providers, Cloud infrastructure services, Medical device manufacturers, Pharmaceutical companies
CustomersMedicare beneficiaries, Primary care physicians, Specialist physicians, External health insurance carriers
Listed2021
Employees552.0
CEOAndrew Toy
FilingsSEC EDGAR

Questions, answered.

What is Clover Health Investments's market cap?
Clover Health Investments (CLOV) has a market capitalization of $2.2B and trades on NASDAQ.
What is Clover Health Investments's revenue and profitability?
Clover Health Investments generated $2.2B in trailing twelve-month revenue with a net loss of $56.9M, representing a net margin of -2.6%, with free cash flow of $71.4M. These figures are based on the Q1 2026 filing.
Who are Clover Health Investments's competitors?
Clover Health Investments's key competitors include Alignment Healthcare, Humana, UnitedHealth Group, and others. These companies compete in similar markets and product categories.
What subsidiaries does Clover Health Investments have?
Clover Health Investments's subsidiaries include Counterpart Health, Inc..
Where is Clover Health Investments headquartered?
Clover Health Investments is headquartered in United States of America and employs approximately 552 people. It has been publicly traded since 2021.