Clover Health Investments (CLOV) Cost of Revenue (2020 - 2026)
Clover Health Investments' (CLOV) quarterly Cost of Revenue came in at $589.6 million in Q1 2026, up 66.83% YoY from $353.4 million in Q1 2025, and up 42.6% on a QoQ basis from $413.5 million in Q4 2025.
Clover Health Investments (CLOV) Cost of Revenue (2020 - 2026) Analysis & Trends
Clover Health Investments (CLOV) has 7 years of Cost of Revenue data on file, last reported at $589.6 million in 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 climbed to $589.6 million in Q1 2026, from $413.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $861.7 million in Q1 2022 to a low of -$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.
- The widest YoY moves for Cost of Revenue: up 301.89% in 2022, down 454.63% in 2022.
- Tracing CLOV's Cost of Revenue over 5 years: stood at -$1.6 billion in 2022, then surged by 115.94% to $249.8 million in 2023, then retreated by 2.69% to $243.0 million in 2024, then surged by 70.13% to $413.5 million in 2025, then surged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.16 Bn | 320.69 Bn | 36.67 Bn | 75.36 Bn |
| 2 | Cvs Health | 118.83 Bn | 104.87 Bn | 47.23 Bn | 58.86 Bn |
| 3 | Elevance Health | 86.85 Bn | 50.89 Bn | 13.45 Bn | 37.02 Bn |
| 4 | Humana | 45.59 Bn | 21.72 Bn | 5.50 Bn | 35.37 Bn |
| 5 | Centene | 31.97 Bn | 4.92 Bn | 14.55 Bn | 39.03 Bn |
| 6 | Molina Healthcare | 10.21 Bn | 1.30 Bn | 1.43 Bn | 9.44 Bn |
| 7 | Oscar Health | 9.60 Bn | 1.05 Bn | 1.09 Bn | 3.79 Bn |
| 8 | Alignment Healthcare | 2.72 Bn | 2.02 Bn | 180.96 Mn | 1.15 Bn |
| 9 | Clover Health Investments | 2.17 Bn | 1.93 Bn | 153.00 Mn | 590.17 Mn |
| 10 | Progyny | 2.01 Bn | 1.77 Bn | 89.30 Mn | 261.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 590.17 Mn |
| Jun 30, 2026 | 590.17 Mn |
| 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 |