Clover Health Investments (CLOV) Cost of Revenue (2020 - 2026)
Clover Health Investments (CLOV) posted Cost of Revenue of $589.6 million for Q1 2026, up 42.6% on a QoQ basis from $413.5 million in Q4 2025, and up 66.83% year-over-year from $353.4 million in Q1 2025.
Clover Health Investments (CLOV) Cost of Revenue (2020 - 2026) Analysis & Trends
Clover Health Investments' Cost of Revenue history runs 7 years deep, the most recent figure standing at $589.6 million for Q1 2026.
- Quarterly Cost of Revenue rose 66.83% year-over-year to $589.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 64.86% YoY) and the FY2025 annual result came in at $1.6 billion, up 55.85% from the prior year.
- Cost of Revenue was $589.6 million for Q1 2026 at Clover Health Investments, 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.
- A 5-year average of $303.6 million and a median of $274.8 million in 2023 frame the typical range for Cost of Revenue.
- Peak annual rise in Cost of Revenue reached 301.89% in 2022, while the deepest fall reached 454.63% in 2022.
- Clover Health Investments' Cost of Revenue stood at -$1.6 billion in 2022, then jumped by 115.94% to $249.8 million in 2023, then slipped by 2.69% to $243.0 million in 2024, then jumped by 70.13% to $413.5 million in 2025, then jumped by 42.6% to $589.6 million in 2026.
- Business Quant data shows CLOV's Cost of Revenue at $589.6 million in Q1 2026, $413.5 million in Q4 2025, and $423.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 73.49 Bn |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 10.94 Bn |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 5.49 Bn |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 54.10 Bn |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 33.71 Bn |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 702.00 Mn |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 9.44 Bn |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 3.23 Bn |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 1.09 Bn |
| 10 | Clover Health Investments | 2.38 Bn | 2.18 Bn | 154.54 Mn | 589.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 589.65 Mn |
| Mar 31, 2026 | 589.65 Mn |
| Dec 31, 2025 | 413.50 Mn |
| Dec 31, 2025 | 413.50 Mn |
| Sep 30, 2025 | 423.47 Mn |
| Sep 30, 2025 | 423.47 Mn |
| Jun 30, 2025 | 377.99 Mn |
| Jun 30, 2025 | 377.99 Mn |
| Mar 31, 2025 | 353.44 Mn |
| Mar 31, 2025 | 353.44 Mn |
| Dec 31, 2024 | 243.04 Mn |
| Dec 31, 2024 | 243.04 Mn |
| Sep 30, 2024 | 249.77 Mn |
| Sep 30, 2024 | 249.77 Mn |
| Jun 30, 2024 | 248.35 Mn |
| Jun 30, 2024 | 248.35 Mn |
| Mar 31, 2024 | 265.16 Mn |
| Mar 31, 2024 | 265.16 Mn |
| Dec 31, 2023 | 249.75 Mn |
| Dec 31, 2023 | 249.75 Mn |