Filing Flows › Clover Health Investments (CLOV) › Q1 2025
Clover Health Investments (CLOV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Clover Health Investments (CLOV) reported revenue of $462M for the first quarter 2025 (Q1 2025), +33% from a year earlier and +37% from the quarter before. Operating margin was -0.3%, net loss $1.3M (0.3% of revenue).
Clover Health Investments, Q1 2025: revenue $462M (+33% year over year), operating margin -0.3%, net loss $1.3M, operating cash flow −$16.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $462M | +37% | +33% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$16.3M | — | — |
What changed
Revenue was $462.3M in Q1 2025, up 33% year over year and up 37% from the previous quarter.
Operating costs exceeded revenue by $1.3M, an operating margin of -0.3%. The fastest-growing cost line was Other operating costs (+589%). The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $22.1M loss.
Operating cash flow was −$16.3M. Non-cash charges added back $26.4M of share-based compensation. Working capital and other items used $41.5M. Capital expenditures of $185K exceeded it, leaving free cash flow of −$16.5M.
Questions
What was Clover Health Investments' revenue in the first quarter 2025?
Clover Health Investments (CLOV) reported revenue of $462M for the first quarter 2025 (Q1 2025), +33% from a year earlier and +37% from the quarter before.
Was Clover Health Investments profitable in the first quarter 2025?
Operating loss was $1.3M (-0.3% of revenue) and net loss $1.3M.