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# Clover Health Posts $6.4 Million Quarterly Profit And Raises The Floor On 2026 Guidance
- URL: https://www.bullished.co/clover-health-posts-6-4-million-quarterly-profit-and-raises-the-floor-on-2026-guidance-5275bcc5/
- Published: 2026-11-04T23:13:17.000Z
- Updated: 2026-11-04T23:13:17.000Z
- Description: The Medicare Advantage insurer's revenue rose 53% to $759.3 million, and nine-month net income reached $61.8 million versus a loss a year earlier.
- Author: Matteo Parrino
- Tags: Earnings, CLOV, Industry: Healthcare

[Clover Health](https://www.bullished.co/tag/clov/), which sells Medicare Advantage health plans to seniors and builds the software behind them, earned [$6.4 million](https://www.globenewswire.com/news-release/2026/11/04/3395826/0/en/clover-health-reports-third-quarter-2026-results.html?ref=bullished.co) in the third quarter, against a $24.4 million loss a year earlier, the company said Wednesday. It also raised the low end of its 2026 outlook on every metric.

## Revenue up 53%, margins widen

Total revenue rose 53% to [$759.3 million](https://www.globenewswire.com/news-release/2026/11/04/3395826/0/en/clover-health-reports-third-quarter-2026-results.html?ref=bullished.co) from $496.7 million. Consolidated gross profit, an adjusted measure, climbed 77% to $129.8 million.

Adjusted EBITDA, which strips out items such as stock pay, was $16.1 million, up from $2.1 million. Stock-based compensation in the quarter was $8.0 million, against $26.1 million a year earlier.

The insurance benefits expense ratio, the share of premiums spent on medical claims and quality programs, improved to 91.1% from 93.5%. For the first nine months, net income was $61.8 million versus a $36.2 million loss, and operating cash flow was $203.5 million.

Medicare Advantage membership was 158,907 at September 30, up 45% from a year earlier. About 98% of members are in the flagship PPO, which received a 5 Star rating for Payment Year 2028.

## A higher floor for 2026

The new guidance lifts the bottom of each range while leaving the tops unchanged:

- Revenue of $2.97 billion to $3.00 billion, from $2.92 billion to $3.00 billion.
- GAAP net income of $25 million to $35 million, from $20 million to $35 million.
- Adjusted EBITDA of $75 million to $85 million, from $70 million to $85 million.
- Consolidated gross profit of $540 million to $555 million, from $525 million to $555 million.
- Average Medicare Advantage membership of 157,000 to 158,000, from 156,000 to 158,000.

CFO Clay Thornton said Clover is on track for its first full year of GAAP profit and is "well positioned for meaningful earnings expansion in 2027."

## The business and the people

Clover's plans run on Clover Assistant, a cloud platform that feeds physicians care recommendations at the point of care. CEO Andrew Toy credited that technology for results he said show up in clinical quality and lower cost of care. The company also licenses the software to outside payors through its Counterpart Health unit.

In an [8-K](https://www.sec.gov/Archives/edgar/data/0001801170/000180117026000291/clov-20261102.htm?ref=bullished.co), Clover said its board named Thornton permanent CFO after he served as interim, and made Joseph Oldakowski chief accounting officer. Both appointments take effect November 4\. Thornton gets a $450,000 base salary, and Oldakowski $410,000.

Management hosts a call at 5:00 p.m. ET Wednesday and speaks at the UBS Global Healthcare Conference at 12:30 p.m. ET on Monday, November 9; it says enrollment for 2027 is tracking well.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV)](https://www.sec.gov/Archives/edgar/data/0001801170/000180117026000291/clov-20261102.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit a3q26exx991xearningsrelease.htm — CLOVER HEALTH INVESTMENTS, CORP. /DE 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001801170/000180117026000291/a3q26exx991xearningsrelease.htm?ref=bullished.co) — SEC EDGAR
- [Clover Health Reports Third Quarter 2026 Results](https://www.globenewswire.com/news-release/2026/11/04/3395826/0/en/clover-health-reports-third-quarter-2026-results.html?ref=bullished.co) — globenewswire.com

### More on Clover Health Investments

- [Clover's 5-Star PPO Rating Holds Only Because CMS Dropped 20 Measures; Counted, It Is 4.5 Stars](https://www.bullished.co/clovers-5-star-ppo-rating-holds-only-because-cms-dropped-20-measures-counted-it-is-4-5-9f2263ec/)

[All Clover Health Investments (CLOV) coverage →](https://www.bullished.co/tag/clov/)