KPIs & Operating Metrics(New)
Growth Metrics

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

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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
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