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Tuesday, May 6, 2025

Clover HealthUps Guidance on Earnings Turnaround: Revenue Up 33%, Medicare Members + 30%

Clover Health (NASDAQ: CLOV) reported strong Q1 2025 results with significant improvements across key metrics. The company's Medicare Advantage membership grew 30% year-over-year to 103,418 members, while total revenues increased 33% to $462 million. Profitability metrics showed remarkable improvement, with GAAP net loss narrowing to $1 million from $19 million year-over-year, and Adjusted EBITDA rising 279% to $26 million. The company's Clover Assistant technology demonstrated strong performance, with data showing 18% lower hospitalizations and 25% lower 30-day readmissions for Congestive Heart Failure patients. Based on these results, Clover Health improved its full-year 2025 guidance, projecting Medicare Advantage membership growth of 30% and insurance revenue between $1.8-1.875 billion, representing 37% growth year-over-year at the midpoint.

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