earnings
confidence high
sentiment positive
materiality 0.90
Clover Health Reports FY2025 Revenue Up 40% to $1.9B, Guides to First GAAP Net Income Profitability in FY2026
CLOVER HEALTH INVESTMENTS, CORP. /DE
- Full year 2025 total revenues of $1.9 billion, up 40% year-over-year; GAAP net loss of $86 million.
- Adjusted EBITDA of $22 million for 2025; Medicare Advantage membership grew 38% to 113,803.
- Full year 2026 guidance: revenues $2.81B-$2.92B, GAAP net income $0M-$20M, Adjusted EBITDA $50M-$70M.
- Expects first full year of GAAP Net Income profitability in 2026 driven by improving cohort economics and Clover Assistant.
- 2026 average Medicare Advantage membership guided to 154,000-158,000, representing 46% growth at midpoint.