CLOV Q4 2023 Earnings — Clover Health Investments, Corp. Revenue & Financial Results | Market Cap Arena

CLOVClover Health Investments, Corp.

$1B

Q4 2023 Earnings

Healthcare Medical - Healthcare Plans

Income Statement

Revenue

$510M-43.2% YoY

Gross Profit

$62M12.2% margin

Operating Income

-$66M-12.9% margin

Net Income

-$70M-13.8% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

+66.7%

Cash Flow

Operating Cash Flow

-$258M

Free Cash Flow

-$258M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$571M

Total Liabilities

$284M

Stockholders' Equity

$286M

Cash & Equivalents

$116M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$510M	$899M	-43.2%
Gross Profit	$62M	$5M	+1110.0%
Operating Income	-$66M	-$107M	+38.7%
Net Income	-$70M	-$84M	+16.2%

Revenue Segments

Non-Insurance

$595M99%

Insurance

$3M1%