CLOVClover Health Investments, Corp.

$1B

Q1 2023 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$322M-63.2% YoY

Gross Profit

$47M14.7% margin

Operating Income

-$80M-24.8% margin

Net Income

-$73M-22.5% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

-64.2%

Cash Flow

Operating Cash Flow

$79M

Free Cash Flow

$79M

Stock-Based Comp.

$39M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.1B

Stockholders' Equity

$323M

Cash & Equivalents

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$322M	$874M	-63.2%
Gross Profit	$47M	$13M	+272.9%
Operating Income	-$80M	-$87M	+8.9%
Net Income	-$73M	-$75M	+3.8%

Revenue Segments

Insurance

$2M81%

Non-Insurance

$428,00019%

CLOV Q1 2023 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena