Clover Health Investments (CLOV) Operating Leases (2020 - 2024)

Clover Health Investments (CLOV) posted Operating Leases of $2.3 million for Q3 2024, down 7.86% on a QoQ basis from $2.5 million in Q2 2024, and down 29.5% year-over-year from $3.3 million in Q4 2023.

Clover Health Investments (CLOV) Operating Leases (2020 - 2024) Analysis & Trends

Clover Health Investments' Operating Leases history runs 5 years deep, the most recent figure standing at $2.3 million for 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 was $2.3 million for Q3 2024 at Clover Health Investments, down from $2.5 million in the prior quarter.
  • Across five years, Operating Leases topped out at $9.3 million in Q2 2021 and bottomed at $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.
  • Peak annual rise in Operating Leases reached 16.5% in 2022, while the deepest fall reached 50.52% in 2022.
  • Clover Health Investments' Operating Leases stood at $6.3 million in 2020, then dropped by 23.93% to $4.8 million in 2021, then declined by 16.5% to $4.0 million in 2022, then slipped by 25.66% to $3.0 million in 2023, then fell by 22.58% to $2.3 million in 2024.
  • Business Quant data shows CLOV's Operating Leases at $2.3 million in Q3 2024, $2.5 million in Q2 2024, and $2.7 million in Q1 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn
10 Clover Health Investments 2.38 Bn 2.18 Bn 154.54 Mn

Historic Data

Download Data
DateValue
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