Financial Snapshot

Revenue
$1.544B
TTM
Gross Margin
26.13%
TTM
Net Earnings
-$91.39M
TTM
Current Assets
$432.7M
Q3 2024
Current Liabilities
$279.6M
Q3 2024
Current Ratio
154.75%
Q3 2024
Total Assets
$653.0M
Q3 2024
Total Liabilities
$310.8M
Q3 2024
Book Value
$342.2M
Q3 2024
Cash
$288.0M
Q3 2024
P/E
-18.81
Nov 29, 2024 EST
Free Cash Flow
-$109.6M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $2.034B $3.477B $1.472B $672.9M $462.3M
YoY Change -41.5% 136.19% 118.76% 45.56%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $2.034B $3.477B $1.472B $672.9M $462.3M
Cost Of Revenue $1.776B $3.454B $1.551B $590.1M
Gross Profit $257.3M $22.74M -$79.18M $82.81M
Gross Profit Margin 12.65% 0.65% -5.38% 12.31%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $444.7M $486.6M $445.7M
YoY Change -8.61% 9.17%
% of Gross Profit 172.82% 2140.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.0K $400.0K $300.0K $500.0K $600.0K
YoY Change 0.0% 33.33% -40.0% -16.67%
% of Gross Profit 0.16% 1.76% 0.6%
Operating Expenses $2.242B $3.848B $2.109B $765.6M $645.5M
YoY Change -41.72% 82.44% 175.47% 18.61%
Operating Profit -$208.5M -$370.9M -$637.0M -$92.71M -$183.2M
YoY Change -43.78% -41.77% 587.1% -49.4%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $7.000K $1.333M $3.229M $35.99M $23.16M
YoY Change -99.47% -58.72% -91.03% 55.43%
% of Operating Profit
Other Income/Expense, Net $0.00 -$30.00K -$13.68M
YoY Change -100.0% -99.78%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$213.4M -$338.8M -$587.8M -$6.740M -$20.00K
YoY Change -37.03% -42.35% 8620.42% 33600.0%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$213.4M -$338.8M -$587.8M -$136.4M -$363.7M
YoY Change -37.03% -42.35% 330.93% -62.5%
Net Earnings / Revenue -10.49% -9.75% -39.93% -20.27% -78.69%
Basic Earnings Per Share -$0.44 -$0.71 -$1.42 -$1.54 -$4.14
Diluted Earnings Per Share -$0.44 -$0.71 -$1.42 -$1.54 -$4.14

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $298.3M $435.3M $627.9M $28.00M $0.00
YoY Change -31.46% -30.68% 2142.39%
Cash & Equivalents $122.9M $103.8M $300.0M
Short-Term Investments $175.5M $331.5M $327.9M
Other Short-Term Assets $37.90M $42.58M $62.35M $300.0K
YoY Change -10.99% -31.72% 20684.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $428.0M $625.0M $752.5M $28.30M $0.00
YoY Change -31.52% -16.95% 2559.17%
Property, Plant & Equipment $8.464M $9.778M $7.654M
YoY Change -13.44% 27.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $121.0M $138.1M $175.9M $828.1M
YoY Change -12.39% -21.5% -78.75%
Other Assets $10.25M $15.74M $10.43M $0.00 $100.0K
YoY Change -34.88% 50.83% -100.0%
Total Long-Term Assets $142.7M $183.6M $198.3M $828.1M $100.0K
YoY Change -22.29% -7.38% -76.06% 828000.0%
Total Assets $570.7M $808.6M $950.8M $856.4M $100.0K
YoY Change
Accounts Payable $37.18M $32.45M $28.13M
YoY Change 14.61% 15.34%
Accrued Expenses $22.73M $25.79M $18.21M $5.100M $100.0K
YoY Change -11.88% 41.65% 256.98% 5000.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $800.0K $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $261.1M $440.7M $372.6M $33.90M $100.0K
YoY Change -40.74% 18.26% 999.19% 33800.0%
Long-Term Debt $0.00 $0.00 $19.94M $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $23.16M $20.23M $18.93M $29.00M
YoY Change 14.52% 6.87% -34.74%
Total Long-Term Liabilities $23.16M $20.23M $38.86M $29.00M $0.00
YoY Change 14.52% -47.96% 34.01%
Total Liabilities $284.3M $460.9M $415.4M $62.90M $100.0K
YoY Change -38.32% 10.95% 560.4% 62800.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 482.2M shares 476.2M shares 412.9M shares 88.69M shares 87.83M shares
Diluted Shares Outstanding 482.2M shares 476.2M shares 412.9M shares 88.69M shares 87.83M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.7188 Billion

About CLOVER HEALTH INVESTMENTS, CORP. /DE

Clover Health Investments Corp. provides healthcare insurance services. The company is headquartered in Franklin, Tennessee and currently employs 552 full-time employees. The company went IPO on 2020-06-12. The firm is focused on bringing access to healthcare to everyone on Medicare. This includes a health equity-based focus on seniors, who have historically lacked access to affordable healthcare. The company offers a software platform, Clover Assistant, which is designed to aggregate patient data from across the healthcare ecosystem to support clinical decision-making and improve health outcomes through the early identification and management of chronic disease. The Company, through its Insurance segment, provides Preferred Provider Organization (PPO) and Health Maintenance Organization (HMO) plans to Medicare Advantage (MA) members in several states, with a differentiated focus on its flagship wide-network, high-choice PPO plans. For healthcare providers outside its MA plan, it focuses on extending the benefits of its data-driven technology platform to a wider audience via its subsidiary, Counterpart Health, Inc.

Industry: Hospital & Medical Service Plans Peers: Advanzeon Solutions, Inc. Alignment Healthcare, Inc. Progyny, Inc. CENTENE CORP HEALTHEQUITY, INC. MOLINA HEALTHCARE, INC. PACIFIC HEALTH CARE ORGANIZATION INC UNITEDHEALTH GROUP INC