CLOV Q3 2024 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q3 2024 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$331M+8.2% YoY

Gross Profit

$81M24.5% margin

Operating Income

-$9M-2.7% margin

Net Income

-$9M-2.8% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

$50M

Free Cash Flow

$50M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$653M

Total Liabilities

$311M

Stockholders' Equity

$342M

Cash & Equivalents

$288M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$331M	$306M	+8.2%
Gross Profit	$81M	$70M	+15.6%
Operating Income	-$9M	-$34M	+73.9%
Net Income	-$9M	-$41M	+77.9%

Revenue Segments

Insurance

$4M100%