Clover Health Investments (CLOV) Operating Expenses (2019 - 2026)
Clover Health Investments posted quarterly Operating Expenses of $721.9 million for Q1 2026, up 55.7% year-on-year from $463.6 million in Q1 2025, and up 34.42% on a QoQ basis from $537.0 million in Q4 2025.
Clover Health Investments (CLOV) has 8 years of Operating Expenses data on file, last reported at $721.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 55.7% year-over-year to $721.9 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (up 50.12% YoY), and the FY2025 full-year result was $2.0 billion, up 41.85% from the prior year.
- Operating Expenses for Q1 2026 stood at $721.9 million, up from $537.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $961.9 million in Q1 2022 and bottomed at -$1.5 billion in Q4 2022.
- The 5-year median for Operating Expenses is $401.7 million (2023), against an average of $411.6 million.
- Peak annual rise in Operating Expenses reached 201.13% in 2022, while the deepest fall reached 335.77% in 2022.
- A 5-year view of Operating Expenses shows it stood at -$1.5 billion in 2022, then surged by 125.74% to $375.5 million in 2023, then retreated by 4.56% to $358.4 million in 2024, then surged by 49.84% to $537.0 million in 2025, then soared by 34.42% to $721.9 million in 2026.
- The last three Operating Expenses figures came in at $721.9 million (Q1 2026), $537.0 million (Q4 2025), and $521.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 102.73 Bn |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 95.75 Bn |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 47.88 Bn |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 37.89 Bn |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 10.71 Bn |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.05 Bn | 1.85 Bn | 154.54 Mn | 721.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 721.86 Mn |
| Dec 31, 2025 | 537.03 Mn |
| Sep 30, 2025 | 521.03 Mn |
| Jun 30, 2025 | 488.18 Mn |
| Mar 31, 2025 | 463.61 Mn |
| Dec 31, 2024 | 358.41 Mn |
| Sep 30, 2024 | 339.77 Mn |
| Jun 30, 2024 | 349.07 Mn |
| Mar 31, 2024 | 369.63 Mn |
| Dec 31, 2023 | 375.52 Mn |
| Sep 30, 2023 | 339.64 Mn |
| Jun 30, 2023 | 349.02 Mn |
| Mar 31, 2023 | 401.69 Mn |
| Dec 31, 2022 | -1.46 Bn |
| Sep 30, 2022 | 930.91 Mn |
| Jun 30, 2022 | 949.43 Mn |
| Mar 31, 2022 | 961.86 Mn |
| Dec 31, 2021 | 618.83 Mn |
| Sep 30, 2021 | 576.42 Mn |
| Jun 30, 2021 | 594.33 Mn |
| Mar 31, 2021 | 319.41 Mn |
| Dec 31, 2020 | 233.86 Mn |
| Sep 30, 2020 | 190.69 Mn |
| Jun 30, 2020 | 148.91 Mn |
| Mar 31, 2020 | 192.14 Mn |
| Dec 31, 2019 | 17,631.00 |