Clover Health Investments, Corp. (CLOV) Balance Sheet
CLOV balance sheet, 2025
December 31, 2025 · U.S. dollars$541.0M assets = $232.3M liabilities + $308.7M equity
Both columns are drawn to the same scale: what CLOV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CLOV financial health
Current ratio1.47
Adequate · current assets cover current liabilities 1.47×
Equity / assets57.1%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.6%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
CLOV balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $210.6M2018 | $541.0M2025 | +14.4%/yr | |
| Total liabilities | $265.4M2018 | $232.3M2025 | −1.9%/yr | |
| Shareholders’ equity | −$54.8M2018 | $308.7M2025 | — | |
| Cash & short-term investments | $75.4M2018 | $95.3M2025 | +3.4%/yr | |
| Total debt | $49.3M2018 | $4.7M2023 | −37.6%/yr | |
| Net cash (debt) | $26.2M2018 | $231.6M2023 | +$205.4M | |
| Working capital | $69.4M2018 | $99.0M2025 | +$29.7M | |
| Book value per share | −$0.002019 | $0.602025 | — | |
| Current ratio | 12.512018 | 1.472025 | −11.04 | |
| Debt / equity | 0.052021 | 0.022023 | −0.04 | |
| Shares outstanding | 404.4M2019 | 517.2M2025 | +4.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CLOV assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CLOV liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CLOV debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CLOV balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $95.3M | $221.5M | $236.2M | $334.8M | $615.3M | $96.7M | $67.6M | $75.4M |
| Cash & equivalents | $78.3M | $194.5M | $116.4M | $103.8M | $300.0M | $92.3M | $67.6M | $75.4M |
| Short-term investments | $17.0M | $27.0M | $119.8M | $231.0M | $315.3M | $4.4M | — | — |
| Receivables | $158.7M | $92.8M | $86.2M | $167.5M | $109.4M | $84.9M | $44.5M | $41.7M |
| Inventory | $0 | $0 | $70.0M | −$101.9M | −$153.9M | −$208.0M | $0 | $0 |
| Other current assets | $53.8M | $28.8M | $35.5M | $224.6M | $181.8M | $216.2M | $0 | $0 |
| Total current assets | $307.9M | $343.1M | $428.0M | $625.0M | $752.5M | $189.8M | $67.6M | $75.4M |
| Property, plant & equipment (net) | $6.4M | $5.3M | $5.1M | $9.8M | $7.7M | $10.0M | $13.0M | $3.2M |
| Goodwill & intangible assets | $3.0M | $3.0M | $3.0M | $20.0M | $5.5M | $5.5M | $4.2M | $3.0M |
| Long-term investments | $199.7M | $216.1M | $121.0M | $138.1M | $175.9M | $54.4M | $0 | $0 |
| Other non-current assets | $24.1M | $13.3M | $13.6M | $15.7M | $9.2M | $7.7M | $0 | $129.0M |
| Total assets | $541.0M | $580.7M | $570.7M | $808.6M | $950.8M | $267.3M | $100,346 | $210.6M |
| Liabilities | ||||||||
| Accounts payable | $36.2M | $34.6M | $37.2M | $32.4M | $28.1M | $30.7M | $114.8M | $141.8M |
| Short-term debt | — | — | $1.7M | $1.8M | $3.1M | $25.6M | — | — |
| Deferred revenue | — | — | $3.1M | $141.9M | $138.6M | $102.4M | — | — |
| Total current liabilities | $208.8M | $213.5M | $261.1M | $431.5M | $372.6M | $164.2M | $117,977 | $6.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $19.9M | $106.4M | $0 | $0 |
| Lease obligations | — | — | $4.7M | $5.9M | $7.9M | $11.1M | — | — |
| Other long-term liabilities | $23.5M | $26.1M | $23.2M | $20.2M | $18.9M | $609.8M | $57.9M | $259.4M |
| Total liabilities | $232.3M | $239.6M | $284.3M | $451.7M | $411.5M | $880.4M | $117,977 | $265.4M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $52,000 | $50,000 | $49,000 | $46,000 | $46,000 | $9,000 | $9,000 | $4,000 |
| Retained earnings (deficit) | −$2.29B | −$2.20B | −$2.16B | −$1.95B | −$1.62B | −$1.03B | −$17,631 | −$527.9M |
| Accumulated other comprehensive income | $528,000 | −$1.6M | −$2.4M | −$9.4M | −$1.9M | $10,000 | −$850.8M | $0 |
| Minority interest | — | — | $0 | $0 | — | — | — | — |
| Total shareholders' equity | $308.7M | $341.1M | $286.4M | $356.9M | $535.4M | −$617.1M | −$17,631 | −$54.8M |
| Key figures | ||||||||
| Total debt | — | — | $4.7M | $5.9M | $27.8M | $138.4M | $57.9M | $49.3M |
| Net cash (debt) | — | — | $231.6M | $328.9M | $587.4M | −$41.6M | $9.7M | $26.2M |
| Working capital | $99.0M | $129.6M | $166.9M | $193.5M | $379.9M | $25.6M | $67.5M | $69.4M |
| Tangible book value | $305.7M | $338.2M | $283.4M | $336.9M | $529.9M | −$622.6M | −$4.3M | −$57.8M |
| Book value per share | $0.60 | $0.70 | $0.59 | $0.75 | $1.14 | −$1.53 | −$0.00 | — |
| Shares outstanding | 517.2M | 490.0M | 482.2M | 476.2M | 470.9M | 404.4M | 404.4M | — |
| Current ratio | 1.47 | 1.61 | 1.64 | 1.45 | 2.02 | 1.16 | 572.98 | 12.51 |
| Quick ratio | 1.22 | 1.47 | 1.23 | 1.16 | 1.94 | 1.11 | 950.57 | 19.43 |
| Debt / equity | — | — | 0.02 | 0.02 | 0.05 | — | — | — |
| Equity / assets | 57.1% | 58.7% | 50.2% | 44.1% | 56.3% | −230.9% | −17.6% | −26.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $201.3M | $177.6M | $95.3M | $202.8M | $199.5M | $160.1M | $221.5M | $333.1M | $379.1M | $342.4M | $236.2M | $517.1M |
| Cash & equivalents | $198.8M | $173.3M | $78.3M | $190.1M | $188.6M | $155.4M | $194.5M | $288.0M | $254.8M | $208.3M | $116.4M | $299.0M |
| Short-term investments | $2.5M | $4.3M | $17.0M | $12.8M | $10.9M | $4.7M | $27.0M | $45.1M | $124.3M | $134.1M | $119.8M | $218.1M |
| Receivables | $202.7M | $202.7M | $158.7M | $103.5M | $131.3M | $138.3M | $92.8M | $73.2M | $141.9M | $177.0M | $86.2M | $332.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$520.9M | −$520.1M | $70.0M | $65.4M |
| Other current assets | $81.4M | $67.8M | $53.8M | $24.6M | $32.1M | $33.1M | $28.8M | $26.4M | $549.6M | $553.5M | $35.5M | $1.0M |
| Total current assets | $485.4M | $448.0M | $307.9M | $330.9M | $362.9M | $331.4M | $343.1M | $432.7M | $549.6M | $552.7M | $428.0M | $915.7M |
| Property, plant & equipment (net) | $7.2M | $6.9M | $6.4M | $5.5M | $5.2M | $5.0M | $5.3M | $7.9M | $8.1M | $8.3M | $5.1M | $8.2M |
| Goodwill & intangible assets | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $19.2M |
| Long-term investments | $199.9M | $214.7M | $199.7M | $193.1M | $188.0M | $230.8M | $216.1M | $198.4M | $103.8M | $97.9M | $121.0M | $102.2M |
| Other non-current assets | $24.7M | $25.1M | $24.1M | $27.2M | $15.9M | $13.5M | $13.3M | $11.0M | $9.7M | $9.8M | $13.6M | $14.5M |
| Total assets | $720.3M | $697.7M | $541.0M | $559.7M | $575.0M | $583.7M | $580.7M | $653.0M | $674.2M | $671.8M | $570.7M | $1.06B |
| Liabilities | ||||||||||||
| Accounts payable | $35.4M | $260.4M | $36.2M | $32.9M | $34.0M | $30.6M | $34.6M | $25.7M | $40.4M | $35.4M | $37.2M | $35.3M |
| Short-term debt | — | — | — | — | — | — | — | $1.3M | $1.5M | $1.6M | $1.7M | $1.7M |
| Deferred revenue | — | — | — | — | — | — | — | $17,000 | $13,000 | — | $3.1M | $103.3M |
| Total current liabilities | $323.3M | $336.6M | $208.8M | $193.4M | $201.9M | $215.7M | $213.5M | $279.6M | $324.5M | $356.4M | $261.1M | $718.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | $3.7M | $4.0M | $4.3M | $4.7M | $5.0M |
| Other long-term liabilities | $20.7M | $21.7M | $23.5M | $25.3M | $28.9M | $32.0M | $26.1M | $31.2M | $24.8M | $22.9M | $23.2M | $19.2M |
| Total liabilities | $344.1M | $358.3M | $232.3M | $218.7M | $230.8M | $247.6M | $239.6M | $310.8M | $349.3M | $379.3M | $284.3M | $737.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $52,000 | $52,000 | $52,000 | $51,000 | $51,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $49,000 | $47,000 |
| Retained earnings (deficit) | −$2.23B | −$2.26B | −$2.29B | −$2.24B | −$2.21B | −$2.20B | −$2.20B | −$2.18B | −$2.17B | −$2.18B | −$2.16B | −$2.09B |
| Accumulated other comprehensive income | −$1.6M | −$672,000 | $528,000 | $471,000 | $177,000 | −$74,000 | −$1.6M | $852,000 | −$2.3M | −$2.6M | −$2.4M | −$5.1M |
| Total shareholders' equity | $376.3M | $339.4M | $308.7M | $340.9M | $344.2M | $336.1M | $341.1M | $342.2M | $324.9M | $292.5M | $286.4M | $321.9M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | — | $3.7M | $4.0M | $4.3M | $4.7M | $5.0M |
| Net cash (debt) | — | — | — | — | — | — | — | $329.4M | $375.0M | $338.0M | $231.6M | $512.2M |
| Working capital | $162.1M | $111.4M | $99.0M | $137.5M | $161.0M | $115.8M | $129.6M | $153.1M | $225.1M | $196.3M | $166.9M | $197.0M |
| Tangible book value | $373.3M | $336.4M | $305.7M | $337.9M | $341.2M | $333.1M | $338.2M | $339.2M | $321.9M | $289.5M | $283.4M | $302.7M |
| Book value per share | $0.69 | $0.64 | $0.60 | $0.66 | $0.68 | $0.68 | $0.69 | $0.70 | $0.66 | $0.52 | $0.59 | $0.67 |
| Shares outstanding | 545.4M | 532.5M | 517.2M | 512.7M | 508.9M | 497.1M | 491.9M | 490.2M | 495.2M | 567.5M | 481.6M | 480.8M |
| Current ratio | 1.50 | 1.33 | 1.47 | 1.71 | 1.80 | 1.54 | 1.61 | 1.55 | 1.69 | 1.55 | 1.64 | 1.27 |
| Quick ratio | 1.25 | 1.13 | 1.22 | 1.58 | 1.64 | 1.38 | 1.47 | 1.45 | 1.61 | 1.46 | 1.23 | 1.18 |
| Debt / equity | — | — | — | — | — | — | — | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Equity / assets | 52.2% | 48.6% | 57.1% | 60.9% | 59.9% | 57.6% | 58.7% | 52.4% | 48.2% | 43.5% | 50.2% | 30.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
CLOV financial position
At the end of fiscal 2025 (December 31, 2025), Clover Health Investments had total assets of $541.0 million (down 6.8% from a year earlier), total liabilities of $232.3 million and shareholders' equity of $308.7 million. Its current ratio was 1.47. In the latest quarter (ended June 30, 2026) total assets were $720.3 million and equity $376.3 million.
Related: CLOV income statement, CLOV cash flow statement, CLOV key metrics. See the CLOV stock overview for the latest quote and news.
CLOV balance sheet FAQ
What are Clover Health Investments's total assets?
Clover Health Investments reported total assets of $541.0 million at the end of fiscal 2025 (December 31, 2025), compared with $580.7 million a year earlier.
How much cash does Clover Health Investments have?
Clover Health Investments held $95.3 million in cash and short-term investments at the end of fiscal 2025.
What is Clover Health Investments's book value?
Clover Health Investments's shareholders' equity (book value) was $308.7 million at the end of fiscal 2025, or $0.60 per share.
What is Clover Health Investments's current ratio?
Clover Health Investments had current assets of $307.9 million and current liabilities of $208.8 million, a current ratio of 1.47 (it can cover its short-term obligations).
How much goodwill does Clover Health Investments have?
Clover Health Investments carried $3.0 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2025.