Clover Health Investments (CLOV) Gross Margin (2020 - 2026)

Clover Health Investments (CLOV) reported Gross Margin of 20.77% for Q1 2026, down 279.0% on a YoY basis from 11.6% in Q1 2025, and up 39.41% quarter-over-quarter from 14.9% in Q4 2025.

Clover Health Investments (CLOV) Gross Margin (2020 - 2026) Analysis & Trends

Clover Health Investments has reported Gross Margin for 7 years, with the latest figure at 20.77% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 279.0% year-over-year to 20.77%; the trailing twelve-month figure through Mar 2026 stood at 18.13% (down 823.0% YoY), and the FY2025 full-year result was 17.09%, down 951.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 20.77%, up from 14.9% in the prior quarter.
  • The five-year high for Gross Margin was 30.29% in Q2 2024, with the low at 219.84% in Q2 2022.
  • Historically, Gross Margin has averaged 9.06% across 5 years, with a median of 20.77% in 2026.
  • Annual changes were most pronounced in 2022 — Gross Margin plunged 20868 bps — and 2023, when it surged 24214 bps.
  • Clover Health Investments' Gross Margin stood at 4.97% in 2022, then jumped by 503 bps to 20.05% in 2023, then jumped by 39 bps to 27.87% in 2024, then tumbled by 47 bps to 14.9% in 2025, then surged by 39 bps to 20.77% in 2026.
  • The last three Gross Margin figures came in at 20.77% (Q1 2026), 14.9% (Q4 2025), and 14.73% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Unitedhealth 363.95 Bn 334.15 Bn 98.90 Bn 88.52%
2 Cvs Health 124.98 Bn 113.36 Bn 4.43 Bn 13.12%
3 Elevance Health 85.46 Bn 50.04 Bn 13.88 Bn 28.04%
4 Cigna 73.39 Bn 65.77 Bn -44.29 Bn -451.37%
5 Humana 43.40 Bn 21.50 Bn 4.00 Bn 10.61%
6 Centene 30.02 Bn 6.36 Bn 49.24 Bn 98.59%
7 Molina Healthcare 9.92 Bn 668.90 Mn 1.53 Bn 14.13%
8 Oscar Health 8.44 Bn 1.64 Bn -3.22 Bn -56,385.78%
9 Alignment Healthcare 4.50 Bn 3.77 Bn 135.85 Mn 11.08%
10 Clover Health Investments 2.61 Bn 2.41 Bn 154.54 Mn 20.77%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.77%
Dec 31, 2025 14.90%
Sep 30, 2025 14.73%
Jun 30, 2025 20.86%
Mar 31, 2025 23.55%
Dec 31, 2024 27.87%
Sep 30, 2024 24.54%
Jun 30, 2024 30.29%
Mar 31, 2024 22.40%
Dec 31, 2023 20.05%
Sep 30, 2023 22.95%
Jun 30, 2023 22.30%
Mar 31, 2023 13.34%
Dec 31, 2022 -4.97%
Sep 30, 2022 1.99%
Jun 30, 2022 -219.84%
Mar 31, 2022 -209.78%
Dec 31, 2021 100.00%
Sep 30, 2021 100.00%
Jun 30, 2021 -11.16%