Clover Health's second quarter revenue surged 56% to $743M and it raised its full-year 2026 guidance.

Clover Health reported second quarter revenue of $743.2 million, a 56% increase year-over-year, significantly beating analyst expectations. The company achieved GAAP Net Income of $28.0 million, or $0.05 per share, a notable improvement from a net loss of $10.6 million in the prior-year period. Following the strong results, Clover Health raised its full-year 2026 guidance for revenue, profitability, and membership.

Key Highlights

• Total revenues grew 56% year-over-year to $743.2 million, driven by strong membership growth.
• The company reported GAAP Net Income of $28.0 million, an improvement of $39 million from the net loss in the same quarter last year.
• Medicare Advantage membership at the end of the quarter was 157,309, an increase of 48% year-over-year.
• Raised full-year 2026 guidance, now expecting Total Revenues between $2.92 billion and $3.00 billion and GAAP Net Income between $20 million and $35 million.