CNFinance Holdings (CNF) Tax Provisions (2017 - 2023)

CNFinance Holdings (CNF) reported Tax Provisions of $423000.0 for Q4 2023, up 449.35% on a YoY basis from $77000.0 in Q4 2022, and up 120.86% quarter-over-quarter from -$2.0 million in Q3 2023.

CNFinance Holdings (CNF) Tax Provisions (2017 - 2023) Analysis & Trends

CNFinance Holdings has reported Tax Provisions for 7 years, with the latest figure at $423000.0 in Q4 2023.

  • For the quarter ending Q4 2023, Tax Provisions rose 449.35% year-over-year to $423000.0; the trailing twelve-month figure through Dec 2023 stood at -$5.8 million (down 11.22% YoY), and the FY2025 full-year result was $9.2 million, up 530.29% from the prior year.
  • Tax Provisions for Q4 2023 stood at $423000.0, up from -$2.0 million in the prior quarter.
  • The five-year high for Tax Provisions was $2.4 million in Q4 2021, with the low at -$8.7 million in Q3 2019.
  • Historically, Tax Provisions has averaged -$2.5 million across 5 years, with a median of -$2.3 million in 2020.
  • Annual changes were most pronounced in 2021 — Tax Provisions slumped 290.54% — and 2023, when it jumped 449.35%.
  • CNFinance Holdings' Tax Provisions stood at -$3.3 million in 2019, then dropped by 11.83% to -$3.7 million in 2020, then surged by 165.13% to $2.4 million in 2021, then tumbled by 96.81% to $77000.0 in 2022, then jumped by 449.35% to $423000.0 in 2023.
  • The last three Tax Provisions figures came in at $423000.0 (Q4 2023), -$2.0 million (Q3 2023), and -$1.6 million (Q2 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Rocket Companies 34.85 Bn 32.16 Bn - 103.00 Mn
2 PennyMac Financial Services 4.14 Bn 3.65 Bn 523.89 Mn 22.37 Mn
3 Walker & Dunlop 1.73 Bn 1.55 Bn - 8.02 Mn
4 UWM Holdings 743.45 Mn 1.57 Bn - 7.13 Mn
5 Velocity Financial 668.42 Mn 583.96 Mn - 8.58 Mn
6 CNFinance Holdings 591.78 Mn 542.97 Mn - -
7 Better Home & Finance Holding 419.52 Mn 349.24 Mn - -1.57 Mn
8 Onity 306.24 Mn 306.24 Mn - 300,000.00
9 loanDepot 209.70 Mn -4.79 Mn - -171,000.00
10 Greystone Housing Impact Investors 120.06 Mn 120.06 Mn - -2,673.00

Historic Data

Download Data
DateValue
Dec 31, 2023 423,000.00
Sep 30, 2023 -2.03 Mn
Jun 30, 2023 -1.60 Mn
Mar 31, 2023 -2.56 Mn
Dec 31, 2022 77,000.00
Sep 30, 2022 -2.35 Mn
Jun 30, 2022 -489,000.00
Mar 31, 2022 -2.43 Mn
Dec 31, 2021 2.41 Mn
Sep 30, 2021 -1.01 Mn
Jun 30, 2021 -1.30 Mn
Mar 31, 2021 -4.45 Mn
Dec 31, 2020 -3.71 Mn
Sep 30, 2020 -3.62 Mn
Jun 30, 2020 -2.20 Mn
Mar 31, 2020 2.34 Mn
Dec 31, 2019 -3.31 Mn
Sep 30, 2019 -8.67 Mn
Jun 30, 2019 -8.11 Mn
Mar 31, 2019 -6.80 Mn