finance.yahoo.com

Clover Health Turns Profitable as Medicare Advantage Membership Jumps

Clover Health Investments logoClover Health Investments
Sig2.34Sen+6.58Env0.00Soc+2.26Gov0.00

GAAP net income rose to $28 million, reversing a $10.6 million loss, as Medicare Advantage membership increased 48% to 157,309. Revenue climbed to $743.2 million and consolidated gross profit grew to $153.0 million. Adjusted EBITDA more than doubled to $40.9 million, and full-year guidance for GAAP net income and adjusted EBITDA was raised for 2026.

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