Clover Health Investments (CLOV) Operating Expenses (2019 - 2026)
Clover Health Investments (CLOV) posted Operating Expenses of $721.9 million for Q1 2026, up 34.42% on a QoQ basis from $537.0 million in Q4 2025, and up 55.7% year-over-year from $463.6 million in Q1 2025.
Clover Health Investments (CLOV) Operating Expenses (2019 - 2026) Analysis & Trends
Clover Health Investments' Operating Expenses history runs 8 years deep, the most recent figure standing at $721.9 million for Q1 2026.
- Quarterly Operating Expenses rose 55.7% year-over-year to $721.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 50.12% YoY) and the FY2025 annual result came in at $2.0 billion, up 41.85% from the prior year.
- Operating Expenses was $721.9 million for Q1 2026 at Clover Health Investments, 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.
- A 5-year average of $411.6 million and a median of $401.7 million in 2023 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 201.13% in 2022, while the deepest fall reached 335.77% in 2022.
- Clover Health Investments' Operating Expenses stood at -$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, then jumped by 34.42% to $721.9 million in 2026.
- Business Quant data shows CLOV's Operating Expenses at $721.9 million in Q1 2026, $537.0 million in Q4 2025, and $521.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 102.73 Bn |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 95.75 Bn |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 48.54 Bn |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 37.89 Bn |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 10.73 Bn |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.38 Bn | 2.18 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 |