Clover Health Investments annual gross margin
2021
2022
2023
2024
2025
Clover Health Investments Gross Margin Growth & History (CLOV)
Clover Health Investments's gross margin was 18.50% for fiscal 2025.
View full Clover Health Investments company overviewClover Health Investments annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 18.50% | −8.11 pp |
| 2024 | 2024-12-31 | 26.61% | +6.19 pp |
| 2023 | 2023-12-31 | 20.41% | +18.34 pp |
| 2022 | 2022-12-31 | 2.07% | +7.45 pp |
| 2021 | 2021-12-31 | −5.38% | — |
Clover Health Investments quarterly gross margin
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 20.59% | −0.27 pp |
| Q1 2026 | 2026-03-31 | 21.30% | — |
| Q4 2025 | 2025-12-31 | 15.22% | — |
| Q3 2025 | 2025-09-30 | 14.73% | −9.80 pp |
| Q2 2025 | 2025-06-30 | 20.86% | −9.43 pp |
| Q3 2024 | 2024-09-30 | 24.54% | +1.58 pp |
| Q2 2024 | 2024-06-30 | 30.29% | +6.59 pp |
| Q1 2024 | 2024-03-31 | 23.57% | +8.91 pp |
| Q4 2023 | 2023-12-31 | 20.49% | — |
| Q3 2023 | 2023-09-30 | 22.95% | +20.97 pp |
| Q2 2023 | 2023-06-30 | 23.70% | +25.13 pp |
| Q1 2023 | 2023-03-31 | 14.66% | +13.21 pp |
| Q3 2022 | 2022-09-30 | 1.99% | +4.13 pp |
| Q2 2022 | 2022-06-30 | −1.43% | +9.73 pp |
| Q1 2022 | 2022-03-31 | 1.45% | — |
| Q3 2021 | 2021-09-30 | −2.14% | — |
| Q2 2021 | 2021-06-30 | −11.16% | — |
Clover Health Investments gross margin trends
Between the periods ended 2021-12-31 and 2025-12-31, Clover Health Investments's gross margin increased from −5.38% to 18.50%, a change of +23.87 percentage points. The latest reported quarter, Q2 2026, shows 20.59%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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