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Stocks · Health care · Hospital & Medical Service Plans

CLOVER HEALTH INVESTMENTS, CORP. /DE

CLOV Clue Score51
United States Fiscal year ends December CIK 0001801170
$4.79 +4.59% Close, 9 Oct 2026
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Price $4.79 −40.57% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue462.3Operating income−183.2Net income−363.7EPS, diluted−4.14Fiscal year 2020Revenue672.9 +45.6%Operating income−92.7Net income−136.4EPS, diluted−1.54Fiscal year 2021Revenue1,472.0 +118.8%Operating income−637.0Net income−587.8EPS, diluted−1.42Fiscal year 2022Revenue1,096.6 −25.5%Operating income−286.7Net income−339.6EPS, diluted−0.71Fiscal year 2023Revenue1,260.5 +15.0%Operating income−205.3Net income−213.4EPS, diluted−0.44Fiscal year 2024Revenue1,371.1 +8.8%Operating income−45.7Net income−43.0EPS, diluted−0.09Fiscal year 2025Revenue1,924.3 +40.3%Operating income−85.5Net income−85.5EPS, diluted−0.17
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 462.3 672.9 1,472.0 1,096.6 1,260.5 1,371.1 1,924.3
Growth +45.6% +118.8% −25.5% +15.0% +8.8% +40.3%
Operating income −183.2 −92.7 −637.0 −286.7 −205.3 −45.7 −85.5
Net income −363.7 −136.4 −587.8 −339.6 −213.4 −43.0 −85.5
Growth
EPS, diluted −4.14 −1.54 −1.42 −0.71 −0.44 −0.09 −0.17

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Operating margin−39.6%Net margin−78.7%Free cash flow margin−34.6%Fiscal year 2020Operating margin−13.8%Net margin−20.3%Free cash flow margin−17.7%Fiscal year 2021Gross margin−5.4%Operating margin−43.3%Net margin−39.9%Free cash flow margin−19.2%Fiscal year 2022Gross margin2.1%Operating margin−26.1%Net margin−31.0%Free cash flow margin−19.0%Fiscal year 2023Gross margin20.4%Operating margin−16.3%Net margin−16.9%Free cash flow margin−11.5%Fiscal year 2024Operating margin−3.3%Net margin−3.1%Free cash flow margin2.4%Fiscal year 2025Operating margin−4.4%Net margin−4.4%Free cash flow margin−3.6%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a −5.4% 2.1% 20.4% n/a n/a
Operating margin −39.6% −13.8% −43.3% −26.1% −16.3% −3.3% −4.4%
Net margin −78.7% −20.3% −39.9% −31.0% −16.9% −3.1% −4.4%
Free cash flow margin −34.6% −17.7% −19.2% −19.0% −11.5% 2.4% −3.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−159.9Capital expenditure−0.0Free cash flow−159.9Buybacks0.0Fiscal year 2020Operating cash flow−118.5Capital expenditure−0.7Free cash flow−119.2Buybacks0.0Fiscal year 2021Operating cash flow−282.3Capital expenditure−0.7Free cash flow−283.0Buybacks−0.1Fiscal year 2022Operating cash flow−203.9Capital expenditure−4.5Free cash flow−208.4Buybacks0.0Fiscal year 2023Operating cash flow−144.7Capital expenditure−0.6Free cash flow−145.2Buybacks0.0Fiscal year 2024Operating cash flow34.8Capital expenditure−1.6Free cash flow33.3Buybacks−1.8Fiscal year 2025Operating cash flow−66.9Capital expenditure−2.0Free cash flow−69.0 −307.2%Buybacks−18.3
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −159.9 −118.5 −282.3 −203.9 −144.7 34.8 −66.9
Capital expenditure −0.0 −0.7 −0.7 −4.5 −0.6 −1.6 −2.0
Free cash flow −159.9 −119.2 −283.0 −208.4 −145.2 33.3 −69.0
Growth −307.2%
Buybacks 0.0 0.0 −0.1 0.0 0.0 −1.8 −18.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash0.0Shareholders’ equity−0.0Fiscal year 2020Cash92.3Total debt127.2Net cash (debt)−34.9Shareholders’ equity−617.1Fiscal year 2021Cash300.0Total debt19.9Net cash (debt)280.0Shareholders’ equity535.4Debt to equity0.04Fiscal year 2022Cash103.8Total debt0.0Net cash (debt)103.8Shareholders’ equity347.7Debt to equity0.00Fiscal year 2023Cash122.9Shareholders’ equity286.4Fiscal year 2024Cash194.5Shareholders’ equity341.1Fiscal year 2025Cash78.3Shareholders’ equity308.7
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.0 92.3 300.0 103.8 122.9 194.5 78.3
Total debt n/a 127.2 19.9 0.0 n/a n/a n/a
Net cash (debt) n/a −34.9 280.0 103.8 n/a n/a n/a
Shareholders’ equity −0.0 −617.1 535.4 347.7 286.4 341.1 308.7
Debt to equity n/a n/a 0.04 0.00 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
462.3 672.9 1,472.0 1,096.6 1,260.5 1,371.1 1,924.3
Growth +45.6% +118.8% −25.5% +15.0% +8.8% +40.3%
n/a n/a −79.2 22.7 257.3 n/a n/a
Growth +1,031.9%
95.7 120.8 185.3 203.7 183.1 176.5 214.3
−183.2 −92.7 −637.0 −286.7 −205.3 −45.7 −85.5
Growth
n/a n/a n/a n/a −213.4 −43.0 −85.5
0.0 0.0 0.0 0.0 0.0 0.0 0.0
−363.7 −136.4 −587.8 −339.6 −213.4 −43.0 −85.5
Growth
Per share
−4.14 −1.54 −1.42 −0.71 −0.44 −0.09 −0.17
−4.14 −1.54 −1.42 −0.71 −0.44 −0.09 −0.17
Growth
87.8 88.7 412.9 476.2 482.2 490.0 512.0
87.8 88.7 412.9 476.2 482.2 490.0 512.0
Growth +1.0% +365.6% +15.3% +1.2% +1.6% +4.5%

† The diluted share count jumps at 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 23.4% a year over five years.
  • Operating margin is up 9.3 points on five years ago, at -4.4%.
  • A net loss in 7 of 7 years on file.