Clover Health Investments, Corp. (CLOV) Stock Analysis
Healthcare · Healthcare Plans · NasdaqGS
Clover Health Investments, Corp. (CLOV) posted $1.92B in revenue for fiscal 2025 (up 40.3% year over year), with a net loss of $85.55M, and has compounded revenue about 23.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Clover Health Investments, Corp.
Clover Health Investments, Corp. has grown revenue from $462.27M to $1.92B over the last 7 fiscal years, compounding about 23.4% a year. The most recent year was up 40.3%, so growth is actually accelerating.
Net margin sits at -4.4%, down 1.3 points year over year on a 18.5% gross margin.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Clover Health Investments, Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Clover Health Investments, Corp. revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $462.27M | $672.89M | $1.47B | $1.10B | $1.26B | $1.37B | $1.92B |
| Gross profit | — | — | $-79.18M | $103.48M | $255.95M | $364.80M | $355.90M |
| Net income | $-363.74M | $-136.39M | $-587.76M | $-339.57M | $-213.36M | $-43.01M | $-85.55M |
| Net margin | -78.7% | -20.3% | -39.9% | -31.0% | -16.9% | -3.1% | -4.4% |
Source: Clover Health Investments, Corp. SEC filings (10-K).
Clover Health Investments, Corp.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 71.1% while revenue rose 40.3% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Share count rising (dilution)Shares outstanding grew 8.5% over 3 years (478.4M → 519M) — existing holders' stakes are being diluted.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -4.4%).
Explore 7 years of Clover Health Investments, Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Clover Health Investments, Corp. financial history by metric
About Clover Health Investments, Corp.
Clover Health Investments, Corp. provides medicare advantage plans in the United States. The company offers preferred provider organization and health maintenance organization plans to medicare-eligible individuals. It also operates Clover Assistant, a software platform for physicians to detect, identify, and manage chronic diseases. The company was founded in 2014 and is based in Wilmington, Delaware.
Clover Health Investments, Corp. — frequently asked questions
What is Clover Health Investments, Corp.'s revenue?
Clover Health Investments, Corp. (CLOV) reported revenue of $1.92B for fiscal year 2025, up 40.3% from the prior year, according to its SEC filings.
Is Clover Health Investments, Corp. profitable?
No — CLOV reported a net loss of $-85.55M in fiscal 2025.
What is CLOV's P/E ratio?
Clover Health Investments, Corp. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Clover Health Investments, Corp. growing?
CLOV's revenue grew at roughly 23.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Clover Health Investments, Corp. have?
As of fiscal year 2025, CLOV carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Clover Health Investments, Corp.'s gross margin?
CLOV's gross margin was 18.5% in fiscal 2025 — gross profit of $355.90M on revenue of $1.92B.
What is Clover Health Investments, Corp.'s market cap?
Clover Health Investments, Corp. (CLOV) has a market capitalization of about $2.59B, based on the latest data in our nightly-refreshed cache.
When does Clover Health Investments, Corp.'s fiscal year end?
CLOV's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Clover Health Investments, Corp.'s official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.