Clover Health swings to GAAP net income of $28 million in 2Q26; revenue rises 56% to $743 million

Reuters2026/08/05 20:52

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Clover Health Investments posted 2Q26 GAAP net income of $28 million, returning to profit; adjusted EBITDA (non-GAAP) rose to $41 million, up 139% year over year.
Revenue climbed 56% from a year earlier to $743 million; Medicare Advantage membership rose 48% to 157,309 members.
Insurance benefits expense ratio was 87.6%; adjusted SG&A as a share of revenue improved 220 basis points to 15%.
Management flagged medical cost trends better than expected; it raised full-year 2026 guidance for GAAP net income to $20 million-$35 million.
Full-year outlook also calls for revenue of $2.92 billion-$3.00 billion; average Medicare Advantage membership of 156,000-158,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clover Health Investments Corp. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Clover Health swings to GAAP net income of $28 million in 2Q26; revenue rises 56% to $743 million

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