KPIs & Operating Metrics(New)
Growth Metrics

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

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DateValue
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