earnings
confidence high
sentiment positive
materiality 0.80
Clover Health Q3 revenue $759M (+53%), net income $6M; raises FY26 guidance; names permanent CFO
CLOVER HEALTH INVESTMENTS, CORP. /DE
- Q3 2026 net income $6.4M vs $(24.4)M loss a year ago; revenue $759.3M, +52.9% YoY; gross profit $129.8M, +77.3%; adjusted EBITDA $16.1M.
- Medicare Advantage membership 158,907, up 45% YoY; average 158,383 (+46.3%); BER 91.1% vs 93.5%; ~98% of members in PPO rated 5 Stars for PY2028.
- FY2026 guidance raised: revenue $2.97-3.00B, GAAP net income $25-35M, gross profit $540-555M, adjusted EBITDA $75-85M, average MA membership 157,000-158,000.
- Board named interim CFO Joseph Clay Thornton permanent CFO effective Nov 4, 2026; salary $450,000, target bonus 75%, $1.5M RSU grant.
- Joseph Frank Oldakowski named Chief Accounting Officer effective Nov 4, 2026; salary $410,000, target bonus 50%, $850,000 RSU grant.