CLOV Q3 2023 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q3 2023 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$306M-64.3% YoY

Gross Profit

$70M23.0% margin

Operating Income

-$34M-11.0% margin

Net Income

-$41M-13.6% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$19M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$738M

Stockholders' Equity

$322M

Cash & Equivalents

$299M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$306M	$857M	-64.3%
Gross Profit	$70M	$17M	+312.8%
Operating Income	-$34M	-$74M	+54.6%
Net Income	-$41M	-$75M	+45.1%

Revenue Segments

Non-Insurance

$176M98%

Insurance

$3M2%