CLOV Q3 2022 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q3 2022 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$857M+100.6% YoY

Gross Profit

$17M2.0% margin

Operating Income

-$74M-8.6% margin

Net Income

-$75M-8.8% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

$102M

Free Cash Flow

$101M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.2B

Stockholders' Equity

$392M

Cash & Equivalents

$383M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$857M	$427M	+100.6%
Gross Profit	$17M	-$9M	+285.7%
Operating Income	-$74M	-$149M	+50.4%
Net Income	-$75M	-$35M	-118.6%

Revenue Segments

Corporate and Other

$30M95%

Insurance

$957,0003%

Non-Insurance

$457,0001%