Filing Flows › Clover Health Investments (CLOV) › Q1 2026
Clover Health Investments (CLOV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Clover Health Investments (CLOV) reported revenue of $749M for the first quarter 2026 (Q1 2026), +62% from a year earlier and +54% from the quarter before. Operating margin was 3.6%, net earnings $27.3M (3.6% of revenue).
Clover Health Investments, Q1 2026: revenue $749M (+62% year over year), operating margin 3.6%, net earnings $27.3M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $749M | +54% | +62% |
| Operating profit | $27.3M | — | — |
| Net earnings | $27.3M | — | — |
| Operating cash flow | $108M | — | — |
| Free cash flow | $107M | — | — |
What changed
Revenue was $749.2M in Q1 2026, up 62% year over year and up 54% from the previous quarter.
Operating profit was $27.3M, a 3.6% margin (up 3.9 points year over year). Total costs grew 56% against revenue growth of 62%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $27.3M. The effective tax rate was 0.0%.
Operating cash flow was $107.9M, 395% of net earnings. Non-cash charges added back $12.3M of share-based compensation. Working capital and other items added $68.3M. Capital expenditures of $854K left free cash flow of $107.0M.
Questions
What was Clover Health Investments' revenue in the first quarter 2026?
Clover Health Investments (CLOV) reported revenue of $749M for the first quarter 2026 (Q1 2026), +62% from a year earlier and +54% from the quarter before.
Was Clover Health Investments profitable in the first quarter 2026?
Operating profit was $27.3M (3.6% of revenue) and net earnings $27.3M.