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

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

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

Clover Health Investments has reported Operating Leases for 5 years, with the latest figure at $2.3 million in Q3 2024.

  • For the quarter ending Q3 2024, Operating Leases fell 29.5% year-over-year to $2.3 million; the trailing twelve-month figure through Sep 2024 stood at $2.3 million (down 29.5% YoY), and the FY2023 full-year result was $3.0 million, down 25.66% from the prior year.
  • Operating Leases for Q3 2024 stood at $2.3 million, down from $2.5 million in the prior quarter.
  • The five-year high for Operating Leases was $9.3 million in Q2 2021, with the low at $2.3 million in Q3 2024.
  • Historically, Operating Leases has averaged $4.3 million across 5 years, with a median of $4.0 million in 2022.
  • The largest YoY upside for Operating Leases was 11.44% in 2022 against a maximum downside of 50.52% in 2022.
  • Clover Health Investments' Operating Leases 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Unitedhealth 363.95 Bn 334.15 Bn 98.90 Bn
2 Cvs Health 124.98 Bn 113.36 Bn 4.43 Bn
3 Elevance Health 85.46 Bn 50.04 Bn 13.88 Bn
4 Cigna 73.39 Bn 65.77 Bn -44.29 Bn
5 Humana 43.40 Bn 21.50 Bn 4.00 Bn
6 Centene 30.02 Bn 6.36 Bn 49.24 Bn
7 Molina Healthcare 9.92 Bn 668.90 Mn 1.53 Bn
8 Oscar Health 8.44 Bn 1.64 Bn -3.22 Bn
9 Alignment Healthcare 4.50 Bn 3.77 Bn 135.85 Mn
10 Clover Health Investments 2.61 Bn 2.41 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 4.82 Mn
Jun 30, 2021 9.28 Mn
Dec 31, 2020 6.35 Mn