KPIs & Operating Metrics(New)
Growth Metrics

Clover Health Investments (CLOV) Operating Expenses (2019 - 2025)

Clover Health Investments' Operating Expenses history spans 7 years, with the latest figure at $537.0 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 49.84% year-over-year to $537.0 million; the TTM value through Dec 2025 reached $2.0 billion, up 41.85%, while the annual FY2025 figure was $2.0 billion, 41.85% up from the prior year.
  • Operating Expenses reached $537.0 million in Q4 2025 per CLOV's latest filing, up from $521.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $961.9 million in Q1 2022 to a low of -$1.5 billion in Q4 2022.
  • Average Operating Expenses over 5 years is $419.2 million, with a median of $432.6 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: soared 299.12% in 2021, then crashed 335.77% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $618.8 million in 2021, then plummeted by 335.77% to -$1.5 billion in 2022, then soared by 125.74% to $375.5 million in 2023, then decreased by 4.56% to $358.4 million in 2024, then soared by 49.84% to $537.0 million in 2025.
  • Per Business Quant, the three most recent readings for CLOV's Operating Expenses are $537.0 million (Q4 2025), $521.0 million (Q3 2025), and $488.2 million (Q2 2025).