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Clover Health Valuation Multiples
Discover revenue and EBITDA valuation multiples for Clover Health and similar public comparables like International General Insurance, IDI Insurance, Safety Insurance Group, Hapvida and more.
Clover Health Overview
About Clover Health
Clover Health Investments Corp is a healthcare technology company. It focuses on empowering Medicare physicians to proactively manage chronic diseases through its proprietary software platform, Clover Assistant. This cloud-based solution provides personalized insights to physicians, enabling early detection and management of chronic conditions. It operates in one segment: Insurance, through which it offers PPO and HMO plans to Medicare Advantage members in several states.
Founded
2019
HQ
Employees
570
Website
Sectors
Financials (LTM)
EV
$820M
Clover Health Financials
Clover Health reported last 12-month revenue of $2B and EBITDA of $32M.
In the same LTM period, Clover Health generated $32M in EBITDA and had net loss of ($61M).
Revenue (LTM)
Clover Health P&L
In the most recent fiscal year, Clover Health reported revenue of $2B and EBITDA of $22M.
Clover Health expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $356M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $32M | XXX | $22M | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (3%) | XXX | (4%) | XXX | XXX | XXX |
| Net Profit | ($61M) | XXX | ($86M) | XXX | XXX | XXX |
| Net Margin | (3%) | XXX | (4%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Clover Health Stock Performance
Clover Health has current market cap of $1B, and enterprise value of $820M.
Market Cap Evolution
Clover Health's stock price is $2.19.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $820M | $1B | 0.0% | XXX | XXX | XXX | $-0.16 |
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Start Free TrialClover Health Valuation Multiples
Clover Health trades at 0.4x EV/Revenue multiple, and 25.9x EV/EBITDA.
EV / Revenue (LTM)
Clover Health Financial Valuation Multiples
As of April 19, 2026, Clover Health has market cap of $1B and EV of $820M.
Equity research analysts estimate Clover Health's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Clover Health has a P/E ratio of (19.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $820M | XXX | $820M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 25.9x | XXX | 37.8x | XXX | XXX | XXX |
| EV/EBIT | (13.9x) | XXX | (9.8x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.3x | XXX | XXX | XXX |
| P/E | (19.0x) | XXX | (13.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (11.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Clover Health Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Clover Health Margins & Growth Rates
Clover Health's revenue in the last 12 month grew by 36%.
Clover Health's revenue per employee in the last FY averaged $3.4M, while opex per employee averaged $0.8M for the same period.
Clover Health's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Clover Health's rule of X is 126% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Clover Health Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 36% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 81% | XXX | 153% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 126% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 23% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Clover Health Public Comps
See public comps and valuation multiples for other Managed Care and Health Data & Analytics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Clover Health | XXX | XXX | XXX | XXX | XXX | XXX |
| International General Insurance | XXX | XXX | XXX | XXX | XXX | XXX |
| IDI Insurance | XXX | XXX | XXX | XXX | XXX | XXX |
| Safety Insurance Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Hapvida | XXX | XXX | XXX | XXX | XXX | XXX |
| Saga | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Clover Health M&A Activity
Clover Health acquired XXX companies to date.
Last acquisition by Clover Health was on XXXXXXXX, XXXXX. Clover Health acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Clover Health
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialClover Health Investment Activity
Clover Health invested in XXX companies to date.
Clover Health made its latest investment on XXXXXXXX, XXXXX. Clover Health invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Clover Health
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Clover Health
| When was Clover Health founded? | Clover Health was founded in 2019. |
| Where is Clover Health headquartered? | Clover Health is headquartered in United States. |
| How many employees does Clover Health have? | As of today, Clover Health has over 570 employees. |
| Who is the CEO of Clover Health? | Clover Health's CEO is Andrew Toy. |
| Is Clover Health publicly listed? | Yes, Clover Health is a public company listed on Nasdaq. |
| What is the stock symbol of Clover Health? | Clover Health trades under CLOV ticker. |
| When did Clover Health go public? | Clover Health went public in 2021. |
| Who are competitors of Clover Health? | Clover Health main competitors are International General Insurance, IDI Insurance, Safety Insurance Group, Hapvida. |
| What is the current market cap of Clover Health? | Clover Health's current market cap is $1B. |
| What is the current revenue of Clover Health? | Clover Health's last 12 months revenue is $2B. |
| What is the current revenue growth of Clover Health? | Clover Health revenue growth (NTM/LTM) is 36%. |
| What is the current EV/Revenue multiple of Clover Health? | Current revenue multiple of Clover Health is 0.4x. |
| Is Clover Health profitable? | Yes, Clover Health is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Clover Health? | Clover Health's last 12 months EBITDA is $32M. |
| What is Clover Health's EBITDA margin? | Clover Health's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of Clover Health? | Current EBITDA multiple of Clover Health is 25.9x. |
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