Clover Health Investments (CLOV) Operating Expenses (2019 - 2026)
Clover Health Investments' Operating Expenses came in at $715.17 million for Q2 2026, up 46.5% from $488.18 million a year earlier but down 0.9% from the prior quarter.
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Analysis
Clover Health Investments (CLOV) Operating Expenses (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Clover Health Investments reported Operating Expenses of $2.5 billion, up 51.2% year-over-year; for FY2025, it came in at $2.01 billion, up 41.8% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 21.3% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $1.42 billion in FY2024 (-3.3%), $1.47 billion in FY2023 (+6.0%), $1.38 billion in FY2022 (-34.4%) and $2.11 billion in FY2021 (+175.5%).
- The five-year range for quarterly Operating Expenses is -$1.46 billion (Q4 2022) to $961.86 million (Q1 2022).
- Year-over-year, Operating Expenses has increased for six consecutive quarters, with growth averaging 33.3% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2021 (growth of 202.3%), and the weakest in Q3 2023 (a decline of 63.5%).
- Business Quant data shows CLOV's Operating Expenses at $721.86 million (Q1 2026), $537.03 million (Q4 2025) and $521.03 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 2.37 Bn |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Clover Health Investments | 2.29 Bn | 1.55 Bn | 153.00 Mn | 715.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 715.17 Mn |
| 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 |
API Access
Clover Health Investments Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CLOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CLOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CLOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();