CLOV Q1 2024 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q1 2024 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$347M+7.7% YoY

Gross Profit

$82M23.6% margin

Operating Income

-$23M-6.5% margin

Net Income

-$19M-5.5% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-32.0%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$25M

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$672M

Total Liabilities

$379M

Stockholders' Equity

$292M

Cash & Equivalents

$208M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$347M	$322M	+7.7%
Gross Profit	$82M	$47M	+73.2%
Operating Income	-$23M	-$80M	+71.5%
Net Income	-$19M	-$73M	+73.6%

Revenue Segments

Insurance

$4M100%