CLOV Q2 2024 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q2 2024 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$356M+11.3% YoY

Gross Profit

$108M30.3% margin

Operating Income

$7M2.0% margin

Net Income

$7M2.1% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$44M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$674M

Total Liabilities

$349M

Stockholders' Equity

$325M

Cash & Equivalents

$255M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$356M	$320M	+11.3%
Gross Profit	$108M	$76M	+42.2%
Operating Income	$7M	-$29M	+124.9%
Net Income	$7M	-$29M	+125.7%

Revenue Segments

Insurance

$4M100%