Clover Health Investments, Corp. /De financial data

Symbol
CLOV on Nasdaq
Industry
Hospital & Medical Service Plans
Location
3401 Mallory Lane, Suite 210, Franklin, TN
State of incorporation
DE
Fiscal year end
December 31
Former names
Social Capital Hedosophia Holdings Corp. III (to 1/7/2021)
Latest financial report
10-Q - Q3 2024 - Nov 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 161 % +29.1%
Debt-to-equity 293 % +26.2%
Return On Equity -29.3 % +57%
Return On Assets -14.2 % +54.1%
Operating Margin -4.28 % +68.3%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 360M USD -57.1%
Weighted Average Number of Shares Outstanding, Basic 490M shares +1.96%
Weighted Average Number of Shares Outstanding, Diluted 490M shares +1.96%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.12B USD +14.8%
General and Administrative Expense 171M USD -12.4%
Operating Income (Loss) -90.6M USD +63.7%
Net Income (Loss) Attributable to Parent -91.4M USD +59.8%
Earnings Per Share, Basic -0.44 USD/shares +38%
Earnings Per Share, Diluted -0.44 USD/shares +38%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 288M USD -3.7%
Other Assets, Current 2.8M USD +171%
Assets, Current 433M USD -52.7%
Property, Plant and Equipment, Net 5.34M USD +16.7%
Operating Lease, Right-of-Use Asset 2.59M USD -28.6%
Goodwill 0 USD -100%
Other Assets, Noncurrent 11M USD -24.3%
Assets 653M USD -4.67%
Contract with Customer, Liability, Current 17K USD -100%
Liabilities, Current 280M USD -61.1%
Operating Lease, Liability, Noncurrent 2.32M USD -29.5%
Other Liabilities, Noncurrent 28.9M USD +81.1%
Liabilities 311M USD -57.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax 852K USD
Retained Earnings (Accumulated Deficit) -2.18B USD -4.37%
Stockholders' Equity Attributable to Parent 323M USD -34%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 342M USD +6.31%
Liabilities and Equity 653M USD -38.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 25.9M USD -67.2%
Net Cash Provided by (Used in) Financing Activities -3.36M USD -57.4%
Net Cash Provided by (Used in) Investing Activities 9.19M USD -9.78%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 31.8M USD -63.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 288M USD -18.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD -100%
Deferred Tax Assets, Valuation Allowance 397M USD +7.41%
Deferred Tax Assets, Gross 399M USD +7.04%
Operating Lease, Liability 4.66M USD -20.4%
Payments to Acquire Property, Plant, and Equipment 445K USD +77.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -85.5M USD +61.4%
Lessee, Operating Lease, Liability, to be Paid 5.65M USD -23.2%
Property, Plant and Equipment, Gross 9.67M USD +19.9%
Operating Lease, Liability, Current 1.35M USD -19.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.27M USD -19.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.74M USD -8.92%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 987K USD -34.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.16M USD -6.4%
Deferred Tax Assets, Operating Loss Carryforwards 320M USD +8.86%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 25M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.19M USD +3.03%
Additional Paid in Capital 2.55B USD +4.86%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 1.64M USD -41.8%
Share-based Payment Arrangement, Expense 141M USD -14.2%
Interest Expense 7K USD -99.5%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%