Clover Health Investments, Corp.

CLOV Healthcare Healthcare Plans

Clover Health Investments, Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 40.3% from fiscal 2024.

Revenue
+52.9%
EPS
+350.0%
Free cash flow
+508.9%

Quarter to September 2026, against a year earlier

4.82 0.34 +7.59%
Market cap
$2.4B
P/E
0.0×
Fwd P/E
87.4×
Dividend yield
—
F-score
3/9
Altman Z
0.44
Beneish M
−1.72
Dividend safety
n/a

Clover Health Investments, Corp. (CLOV) Gross margin

Alert me on Gross margin

Clover Health Investments, Corp.'s gross margin over the twelve months to 30 September 2026 was 18.9%, up 0.4 percentage points from fiscal 2025 (18.5%). Over the past ten years it has ranged from −5.38% (fiscal 2021) to 26.6% (fiscal 2024); the current reading is higher than 71% of that period. That is in line with the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 54.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 18.5% (8.11)
FY2024 26.6% 6.31
FY2023 20.3% 10.86
FY2022 9.44% 14.82
FY2021 −5.38% (17.69)
FY2020 12.3% 8.94
FY2019 3.37% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 17.1% (3.49)
Jun 2026 20.6% (0.71)
Mar 2026 21.3% 6.08
Dec 2025 15.2% 0.49
23 more quarters

Against its own ten years

Low −5.38% High 26.6%
Ten-year median 12.3%
Current reading's percentile 58

Gross margin against peers

Company Gross margin
CI Cigna Group compare 88.4%
PGNY Progyny, Inc. compare 24.9%
OSCR Oscar Health, Inc. compare 20.6%
CLOV Clover Health Investments, Corp. 18.9%
ELV Elevance Health, Inc. compare 15.5%
HUM Humana Inc. compare 13.0%
MOH Molina Healthcare, Inc compare 12.6%
ALHC Alignment Healthcare, Inc. compare 11.9%
CNC Centene Corporation compare 7.78%
Healthcare Plans industry median 19.4%
Healthcare sector median 54.5%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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