Is Clipboard Health profitable?

Clipboard Health states it has been profitable since 2022, according to a company-sourced Contrary Research report published without a specific date. Revenue estimates vary widely across sources, from ZoomInfo's 126.8 million dollar estimate to vendor projections, but no audited financials have been disclosed publicly.

Did Clipboard Health lose New York as a market?

Yes. Clipboard Health ceased operations in New York in 2025 after the state reclassified gig nursing platforms as healthcare staffing agencies requiring W-2 employment and registration, disallowing its independent-contractor model, as reported April 22, 2026 by nurse.org.

Who are Clipboard Health's biggest competitors?

ShiftKey, valued around 2 billion dollars per an AI Now Institute report cited April 22, 2026, plus IntelyCare, CareRev, connectRN, Nomad Health, and ShiftMed all operate near-identical shift-marketplace models with low switching costs for facilities and workers.

Could AI replace Clipboard Health's platform?

AI could optimize matching, credentialing checks, and documentation, workflows core to Clipboard's model, but the company retains a large two-sided network of over 100,000 claimed clinicians and 6,500 facilities plus regulatory relationships that AI-native entrants cannot quickly replicate.

Who owns Clipboard Health and has it raised new funding recently?

Clipboard Health is privately held and venture-backed, last confirmed raise was a 30 million dollar Series C led by Sequoia Capital in February 2022 at a 1.3 billion dollar valuation, per Businesswire, April 19, 2022. No new priced round or IPO has been confirmed since.

How many employees does Clipboard Health have?

Estimates conflict sharply: Contrary Research cited roughly 550 to 600 employees as of January 2025, while Crustdata's headcount tracking shows 3,711 employees by June 2026, up 17.3 percent year over year, illustrating unresolved data quality on company size.

Job boards and HR platforms · United States

Clipboard Health

clipboardhealth.com ↗

App-based marketplace matching healthcare facilities with per-diem nurses and aides.

Losing its protection

Assessed 22 July 2026 · Evidence as of 22 July 2026

The structural protection is eroding.

On the recordSince 22 July 2026 · Checkable from H2 2026 · Every call on the record Checkpoint: Federal DOL worker classification rule finalized (pro-contractor vs W-2 threads unresolved)

The call

Clipboard Health runs a profitable, easily copied marketplace whose economics hinge on contractor status now under attack state by state.

Clipboard Health runs a marketplace connecting nurses and healthcare workers with hospitals and clinics that need short-term staff. The company makes money by taking a cut of what hospitals pay. Right now it claims to be profitable, but almost all of that profit depends on treating workers as independent contractors instead of employees. Multiple states, including New York, are forcing platforms like Clipboard Health to reclassify workers as employees, which would force the company to pay more in benefits and taxes and shrink its profits. Several other companies like ShiftKey and InteleCare run the exact same marketplace business in the same market, so there is nothing stopping hospitals or workers from switching to them. The one thing that could change everything is how the federal government decides to classify gig workers. If the government says workers must be employees, Clipboard Health and every rival will face the same squeeze. If the government protects contractor status, Clipboard Health survives but faces intense competition with razor-thin advantages.

Why

AI pressure: None apparent. AI matching tools could speed scheduling, but the real threat to Clipboard is regulatory and competitive, not algorithmic. Could AI do the core job? Unlikely.

Bigger players: ShiftKey. ShiftKey runs the same 1099 gig-shift model at roughly $2B valuation, with near-zero cost for facilities or workers to switch apps. Could a giant copy it? Yes, easily.

What protects it. Claimed profitability since 2022 plus a large, liquid shift network that fills over 90% of postings versus a 60% industry average.

What would change this call

Federal DOL finalizes worker classification rule in 2026. Would show whether Clipboard's 1099 cost structure survives or forces a costly W-2 overhaul.
Additional states pass platform reclassification laws like New York's 2025 mandate. Would show whether Clipboard must exit more state markets, shrinking its addressable footprint.
ShiftKey, IntelyCare, or CareRev announces acquisition of a rival platform. Would show competitors consolidating the market faster than Clipboard can differentiate.

Key numbers

$126.8M estimated annual revenue (2026-07-15)
>90% shift-fill rate vs 60% industry average (2025-01-30)
17+ states with pending 1099 reclassification bills (2026-07-08)

Named risks

Federal DOL rulemaking could mandate W-2 reclassification, undermining 1099-based margin structure. Severity: high
Additional states following New York's 2025 reclassification would force costly restructuring or market exits. Severity: high
Near-zero switching costs let facilities and workers multi-home across ShiftKey, IntelyCare, CareRev with no lock-in. Severity: medium
Misclassification litigation exposure, as seen in Estrada v. Twomagnets arbitration order, March 2024. Severity: medium
No audited financials disclosed; wildly conflicting revenue and headcount estimates undermine investor and market trust. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
ShiftKey	contesting	Similarly-funded, valued around 2 billion dollars, operates near-identical 1099 marketplace as of April 2026
IntelyCare	gaining on	Uses pre-hedged W-2 employment model, insulated from classification rulings Clipboard faces as of 2025-07-26
New York state regulators	losing to	Forced full Clipboard exit from New York market in 2025 via staffing-agency reclassification
AMN Healthcare	contesting	Traditional staffing giant with over 3 billion dollars 2023 revenue, potential acquirer of marketplace tech
Nomad Health	contesting	Differentiated with 13-week travel contracts and 241 million dollars raised as of January 2025

Questions people ask

Is Clipboard Health profitable?: Clipboard Health states it has been profitable since 2022, according to a company-sourced Contrary Research report published without a specific date. Revenue estimates vary widely across sources, from ZoomInfo's 126.8 million dollar estimate to vendor projections, but no audited financials have been disclosed publicly.
Did Clipboard Health lose New York as a market?: Yes. Clipboard Health ceased operations in New York in 2025 after the state reclassified gig nursing platforms as healthcare staffing agencies requiring W-2 employment and registration, disallowing its independent-contractor model, as reported April 22, 2026 by nurse.org.
Who are Clipboard Health's biggest competitors?: ShiftKey, valued around 2 billion dollars per an AI Now Institute report cited April 22, 2026, plus IntelyCare, CareRev, connectRN, Nomad Health, and ShiftMed all operate near-identical shift-marketplace models with low switching costs for facilities and workers.
Could AI replace Clipboard Health's platform?: AI could optimize matching, credentialing checks, and documentation, workflows core to Clipboard's model, but the company retains a large two-sided network of over 100,000 claimed clinicians and 6,500 facilities plus regulatory relationships that AI-native entrants cannot quickly replicate.
Who owns Clipboard Health and has it raised new funding recently?: Clipboard Health is privately held and venture-backed, last confirmed raise was a 30 million dollar Series C led by Sequoia Capital in February 2022 at a 1.3 billion dollar valuation, per Businesswire, April 19, 2022. No new priced round or IPO has been confirmed since.
How many employees does Clipboard Health have?: Estimates conflict sharply: Contrary Research cited roughly 550 to 600 employees as of January 2025, while Crustdata's headcount tracking shows 3,711 employees by June 2026, up 17.3 percent year over year, illustrating unresolved data quality on company size.

Timeline

2026-07-20ILO Convention 193 on platform-work labor standards adopted 406-8; US voted against
2026-07-10Reporting on DOL February 2026 proposal favoring independent-contractor classification
2026-05-13Clipboard Health testified before Ohio Senate on staffing-agency exemption bill
2026-04-22Nurse.org report details New York exit and 17-plus state lobbying campaign
2026-04-09Clipboard Health submitted testimony opposing stricter rules in Rhode Island
2025-01-30Contrary Research reports 20x growth 2021-2025 and roughly 550-600 employees
2025-01-01New York reclassifies gig nursing platforms as staffing agencies, forcing Clipboard exit
2024-03-28Estrada v. Twomagnets misclassification lawsuit ordered to arbitration
2022-04-19Series C of 30 million dollars led by Sequoia closes, valuation reaches 1.3 billion dollars
2019-09-01Series A of 11.9 million dollars led by Caffeinated Capital

Revision history

22 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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