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
DateValue
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