--- title: "Clover Health Investments | 8-K: FY2026 Q1 Revenue: USD 749.19 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285430146.md" datetime: "2026-05-06T20:14:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285430146.md) - [en](https://longbridge.com/en/news/285430146.md) - [zh-HK](https://longbridge.com/zh-HK/news/285430146.md) --- # Clover Health Investments | 8-K: FY2026 Q1 Revenue: USD 749.19 M Revenue: As of FY2026 Q1, the actual value is USD 749.19 M. EPS: As of FY2026 Q1, the actual value is USD 0.05. EBIT: As of FY2026 Q1, the actual value is USD 27.33 M. ### Financial Results - First Quarter 2026 #### Total Revenues Clover Health Investments, Corp. reported total revenues of $749.2 million for the first quarter of 2026, marking a 62.1% increase year-over-year from $462.3 million in the first quarter of 2025. #### GAAP Net Income For the first quarter of 2026, Clover Health Investments, Corp. achieved a GAAP Net Income of $27.3 million, a significant improvement from a net loss of - $1.3 million in the first quarter of 2025. #### Consolidated Gross Profit Consolidated Gross Profit for the first quarter of 2026 was $159.5 million, up 46.5% from $108.9 million in the prior year period. #### Adjusted EBITDA Adjusted EBITDA for the first quarter of 2026 stood at $40.3 million, an increase of 56.2% compared to $25.8 million in the first quarter of 2025. #### Operating Costs (SG&A) Salaries and benefits plus General and administrative expenses (SG&A) totaled $131.7 million in the first quarter of 2026, an increase of 20.1% from $109.7 million in the first quarter of 2025.Adjusted SG&A was $119.3 million in the first quarter of 2026, up 43.6% from $83.1 million in the first quarter of 2025.Adjusted SG&A as a percentage of Total revenues improved to 15.9% in Q1 2026 from 18.0% in Q1 2025. #### Cash and Investments Total cash, cash equivalents, and investments were $418.2 million as of March 31, 2026, representing a 7.0% increase from $390.8 million as of March 31, 2025. #### Insurance Segment Metrics Insurance revenue was $744.2 million in the first quarter of 2026, up 62.9% from $456.9 million in the first quarter of 2025.Insurance net medical claims incurred increased to $610.0 million in Q1 2026 from $367.9 million in Q1 2025, a 65.8% rise.Insurance Benefits Expense Ratio (BER) was 86.5% for Q1 2026, a 40 basis point increase from 86.1% in Q1 2025. #### Cash Flow Net cash provided by operating activities was $107.9 million for the three months ended March 31, 2026, compared to net cash used in operating activities of - $16.3 million for the same period in 2025.Net cash used in investing activities was - $5.1 million in Q1 2026, a change from net cash provided by investing activities of $8.9 million in Q1 2025.Net cash used in financing activities was - $7.9 million for Q1 2026, an improvement from - $31.7 million in Q1 2025. #### Operational Metrics Medicare Advantage membership reached 155,773 as of March 31, 2026, representing a 51% year-over-year increase from 103,418 as of March 31, 2025.Average Medicare Advantage membership for the first quarter of 2026 was 154,607, up 51.6% from 101,959 in the first quarter of 2025. ### Full Year 2026 Guidance Clover Health Investments, Corp. expects average Medicare Advantage membership to range from 154,000 to 158,000, representing 46% growth year-over-year at the midpoint.Total revenues are projected to be between $2.81 billion and $2.92 billion, indicating 49% growth year-over-year at the midpoint.The company anticipates Consolidated Gross Profit between $470 million and $510 million, Adjusted EBITDA profitability between $50 million and $70 million, and GAAP Net Income between $0 million and $20 million. ### Related Stocks - [CLOV.US](https://longbridge.com/en/quote/CLOV.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md)