Clover Health Q4 Revenue Up 44.7%, Guides to First GAAP Profit in 2026
Clover Health grew Q4 revenue 44.74% year-over-year to $487.7 million, beating estimates by $20.65 million and posting a $0.10 loss per share. 2025 revenue rose 40% to $1.9B with 113,803 members (up 38%), and 2026 guidance targets up to $20M GAAP profit on $2.81–2.92B revenue.
1. Q4 2025 Financial Results
Clover Health grew Q4 revenue 44.74% year-over-year to $487.7 million, beating expectations by $20.65 million. The company reported EPS of -$0.10, in line with analyst forecasts.
2. Full-Year 2025 Performance
Full-year 2025 revenue reached $1.9 billion, a 40% increase over 2024, and Medicare Advantage membership rose 38% to 113,803 members, reflecting strong uptake of its plans.
3. 2026 Outlook
Management projects GAAP net income between breakeven and $20 million for 2026, membership growth of 46%, and revenue between $2.81 billion and $2.92 billion, implying roughly 49% year-over-year growth.
4. Business Model and Growth Drivers
Clover Health offers Medicare Advantage PPO and HMO plans supported by its Clover Assistant software platform, aiming to improve care coordination and drive member acquisition and retention.