Clover Health Investments (CLOV) Operating Leases (2020 - 2024)
Clover Health Investments' (CLOV) quarterly Operating Leases came in at $2.3 million in Q3 2024, down 29.5% YoY from $3.3 million in Q4 2023, and down 7.86% on a QoQ basis from $2.5 million in Q2 2024.
Clover Health Investments (CLOV) Operating Leases (2020 - 2024) Analysis & Trends
Clover Health Investments (CLOV) has 5 years of Operating Leases data on file, last reported at $2.3 million in Q3 2024.
- Quarterly Operating Leases fell 29.5% year-over-year to $2.3 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $2.3 million (down 29.5% YoY) and the FY2023 annual result came in at $3.0 million, down 25.66% from the prior year.
- Operating Leases declined to $2.3 million in Q3 2024, from $2.5 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $9.3 million in Q2 2021 to a low of $2.3 million in Q3 2024.
- A 5-year average of $4.5 million and a median of $4.0 million in 2022 frame the typical range for Operating Leases.
- The widest YoY moves for Operating Leases: up 16.5% in 2022, down 50.52% in 2022.
- Tracing CLOV's Operating Leases over 5 years: stood at $6.3 million in 2020, then decreased by 23.93% to $4.8 million in 2021, then slipped by 16.5% to $4.0 million in 2022, then retreated by 25.66% to $3.0 million in 2023, then dropped by 22.58% to $2.3 million in 2024.
- The last three Operating Leases figures came in at $2.3 million (Q3 2024), $2.5 million (Q2 2024), and $2.7 million (Q1 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2.32 Mn |
| Jun 30, 2024 | 2.52 Mn |
| Mar 31, 2024 | 2.72 Mn |
| Dec 31, 2023 | 3.00 Mn |
| Sep 30, 2023 | 3.29 Mn |
| Jun 30, 2023 | 3.61 Mn |
| Mar 31, 2023 | 3.91 Mn |
| Dec 31, 2022 | 4.03 Mn |
| Sep 30, 2022 | 4.27 Mn |
| Jun 30, 2022 | 4.59 Mn |
| Mar 31, 2022 | 4.95 Mn |
| Dec 31, 2021 | 4.83 Mn |
| Sep 30, 2021 | 8.55 Mn |
| Jun 30, 2021 | 9.28 Mn |
| Dec 31, 2020 | 6.35 Mn |