Quarterly ResultMay 8, 2026, 08:12 AM
Clover Health Q1 Net Income $27.3M; Revenue $749.2M
AI Summary
Clover Health reported a significant turnaround in Q1 2026, achieving a net income of $27.3 million compared to a net loss in the prior year. Total revenues surged to $749.2 million, driven by higher premiums earned. The company also generated substantial positive cash flow from operations, indicating improved financial health.
Key Highlights
- Net income reached $27.3 million in Q1 2026, a significant improvement from a $1.3 million net loss in Q1 2025.
- Total revenues increased to $749.2 million in Q1 2026, up from $462.3 million in Q1 2025.
- Premiums earned, net, rose to $744.2 million in Q1 2026, compared to $456.9 million in Q1 2025.
- Net cash provided by operating activities was $107.9 million in Q1 2026, reversing a $16.3 million use in Q1 2025.
- Basic and diluted EPS were $0.05 in Q1 2026, up from $0.00 in Q1 2025.
- Cash and cash equivalents increased to $173.3 million at March 31, 2026, from $78.3 million at Dec 31, 2025.
- Total stockholders' equity grew to $339.4 million at March 31, 2026, from $308.7 million at Dec 31, 2025.
Price Impact
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