Clover Health Investments (CLOV) Cost of Revenue (2020 - 2026)

Clover Health Investments (CLOV) has 7 years of Cost of Revenue data on file, last reported at $589.6 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 66.83% year-over-year to $589.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.8 billion (up 64.86% YoY), and the FY2025 full-year result was $1.6 billion, up 55.85% from the prior year.
• Cost of Revenue for Q1 2026 stood at $589.6 million, up from $413.5 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $861.7 million in Q1 2022 and bottomed at -$1.6 billion in Q4 2022.
• The 5-year median for Cost of Revenue is $274.8 million (2023), against an average of $303.6 million.
• The widest annual swing landed in 2022, when Cost of Revenue jumped 301.89%; it then slumped 71.92% in 2023.
• A 5-year view of Cost of Revenue shows it stood at -$1.6 billion in 2022, then soared by 115.94% to $249.8 million in 2023, then decreased by 2.69% to $243.0 million in 2024, then soared by 70.13% to $413.5 million in 2025, then soared by 42.6% to $589.6 million in 2026.
• The last three Cost of Revenue figures came in at $589.6 million (Q1 2026), $413.5 million (Q4 2025), and $423.5 million (Q3 2025), per Business Quant data.

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