Clover Health Investments (CLOV) Operating Expenses (2019 - 2026)
Clover Health Investments' (CLOV) quarterly Operating Expenses came in at $721.9 million in Q1 2026, up 55.7% YoY 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) Operating Expenses (2019 - 2026) Analysis & Trends
Clover Health Investments (CLOV) has 8 years of Operating Expenses data on file, last reported at $721.9 million in 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 climbed to $721.9 million in Q1 2026, from $537.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $961.9 million in Q1 2022 to a low of -$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.
- The widest YoY moves for Operating Expenses: up 201.13% in 2022, down 335.77% in 2022.
- Tracing CLOV's Operating Expenses over 5 years: stood at -$1.5 billion in 2022, then jumped by 125.74% to $375.5 million in 2023, then fell by 4.56% to $358.4 million in 2024, then jumped by 49.84% to $537.0 million in 2025, then surged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 48.54 Bn |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 39.51 Bn |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 52.38 Bn |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 10.73 Bn |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 4.49 Bn |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 1.29 Bn |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 715.17 Mn |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 49.30 Mn |
Historic Data
Download 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 |