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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements for Items
The following tables present a summary of fair value measurements for financial instruments at December 31, 2024 and 2023, respectively:
December 31, 2024Level 1Level 2Level 3
Total fair
value
(in thousands)
U.S. government and government agencies$— $138,261 $— $138,261 
Corporate debt securities— 88,502 — 88,502 
Other
— 1,953 — 1,953 
Warrants receivable— — 764 764 
Total assets at fair value$— $228,716 $764 $229,480 
December 31, 2023Level 1Level 2Level 3
Total fair
value
(in thousands)
U.S. government and government agencies$— $123,714 $— $123,714 
Corporate debt securities— 95,343 — 95,343 
Other
1,853 — — 1,853 
Warrants receivable— — 814 814 
Total assets at fair value$1,853 $219,057 $814 $221,724 
Schedule of Changes in Balances of Level 3 Financial Liabilities
The changes in balances of Clover's Level 3 financial assets and liabilities during the years ended December 31, 2024 and 2023, and 2022 were as follows:
Warrants receivable
(in thousands)
Balance, December 31, 2022
$900 
Total unrealized losses
86 
Balance, December 31, 2023
814 
Total unrealized losses
50 
Balance, December 31, 2024
$764