Quarterly ResultMay 6, 2026, 04:14 PM
Clover Health Q1 GAAP Net Income $27M; Revenue Up 62% to $749M
AI Summary
Clover Health reported strong first quarter 2026 financial results, achieving positive GAAP Net Income of $27 million, a significant improvement year-over-year. The company saw substantial growth across key metrics, including a 62% increase in total revenues to $749 million and a 51% rise in Medicare Advantage membership to 155,773. Clover Health reaffirmed its full-year 2026 outlook, expecting to meet or exceed all metrics, including achieving its first full year of GAAP Net Income profitability.
Key Highlights
- Clover Health Q1 2026 GAAP Net Income was $27 million, an improvement of $29 million year-over-year.
- Total revenues for Q1 2026 increased 62% year-over-year to $749 million.
- Medicare Advantage membership grew 51% year-over-year to 155,773 in Q1 2026.
- Consolidated Gross Profit for Q1 2026 rose 47% year-over-year to $160 million.
- Adjusted EBITDA for Q1 2026 was $40 million, up 56% year-over-year.
- Full year 2026 guidance projects Total revenues between $2.81 billion and $2.92 billion.
- Full year 2026 GAAP Net Income is expected to be between $0 million and $20 million.
- Full year 2026 Adjusted EBITDA profitability is projected between $50 million and $70 million.
Price Impact
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