Clover Health swings to Q1 FY26 profit; revenue more than doubles to $749 million

Clover Health

Clover Health

CLOV

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  • Clover Health posted GAAP net income of USD 27.3 million, swinging to profit from a loss year earlier, as revenue rose 62.1% to USD 749.2 million.
  • Medicare Advantage membership climbed 51.6% to 154,607 on average, while Insurance BER edged up 0.4 percentage point to 86.5%.
  • Adjusted EBITDA increased 56.2% to USD 40.3 million.
  • CEO Andrew Toy cited deeper clinical engagement with Clover Assistant, while interim CFO Clay Thornton pointed to encouraging early medical cost trend indicators across new and returning cohorts.
  • Full-year guidance calls for revenue of USD 2.81 billion-USD 2.92 billion, adjusted EBITDA of USD 50 million-USD 70 million, average Medicare Advantage membership of 154,000-158,000, and GAAP net income of no less than USD 0 million and up to USD 20 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clover Health Investments Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605061605PRIMZONEFULLFEED9714683) on May 06, 2026, and is solely responsible for the information contained therein.

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