Clover Health Investments (CLOV) Leases (2020 - 2024)
Clover Health Investments posted quarterly Leases of $2.6 million for Q3 2024, down 28.59% year-on-year from $3.6 million in Q4 2023, and down 9.55% on a QoQ basis from $2.9 million in Q2 2024.
Clover Health Investments (CLOV) has 5 years of Leases data on file, last reported at $2.6 million in Q3 2024.
- For the quarter ending Q3 2024, Leases fell 28.59% year-over-year to $2.6 million; the trailing twelve-month figure through Sep 2024 stood at $2.6 million (down 28.59% YoY), and the FY2023 full-year result was $3.4 million, down 15.98% from the prior year.
- Leases for Q3 2024 stood at $2.6 million, down from $2.9 million in the prior quarter.
- Across five years, Leases topped out at $7.9 million in Q4 2020 and bottomed at $2.6 million in Q3 2024.
- The 5-year median for Leases is $4.2 million (2022), against an average of $4.6 million.
- The widest annual swing landed in 2021, when Leases sank 31.91%; it then dropped 13.97% in 2023.
- A 5-year view of Leases shows it stood at $7.9 million in 2020, then slumped by 31.91% to $5.4 million in 2021, then decreased by 25.0% to $4.0 million in 2022, then slipped by 15.98% to $3.4 million in 2023, then fell by 23.57% to $2.6 million in 2024.
- The last three Leases figures came in at $2.6 million (Q3 2024), $2.9 million (Q2 2024), and $3.1 million (Q1 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | - |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 14.74 Bn |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | - |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | - |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | - |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | - |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | - |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | - |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | - |
| 10 | Clover Health Investments | 2.05 Bn | 1.85 Bn | 154.54 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2.59 Mn |
| Jun 30, 2024 | 2.86 Mn |
| Mar 31, 2024 | 3.12 Mn |
| Dec 31, 2023 | 3.38 Mn |
| Sep 30, 2023 | 3.62 Mn |
| Jun 30, 2023 | 3.87 Mn |
| Mar 31, 2023 | 4.11 Mn |
| Dec 31, 2022 | 4.03 Mn |
| Sep 30, 2022 | 4.26 Mn |
| Jun 30, 2022 | 4.50 Mn |
| Mar 31, 2022 | 5.00 Mn |
| Dec 31, 2021 | 5.37 Mn |
| Sep 30, 2021 | 5.83 Mn |
| Jun 30, 2021 | 6.36 Mn |
| Mar 31, 2021 | 7.10 Mn |
| Dec 31, 2020 | 7.88 Mn |