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
DateValue
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