CLOV Q2 2023 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q2 2023 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$320M-62.2% YoY

Gross Profit

$76M23.7% margin

Operating Income

-$29M-9.0% margin

Net Income

-$29M-9.0% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$53M

Free Cash Flow

$53M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$927M

Stockholders' Equity

$331M

Cash & Equivalents

$310M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$320M	$847M	-62.2%
Gross Profit	$76M	-$12M	+727.8%
Operating Income	-$29M	-$103M	+71.9%
Net Income	-$29M	-$104M	+72.4%

Revenue Segments

Insurance

$2M60%

Non-Insurance

$1M40%