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

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

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

CNFinance Holdings' Tax Provisions history runs 7 years deep, the most recent figure standing at $423000.0 for Q4 2023.

  • Quarterly Tax Provisions rose 449.35% year-over-year to $423000.0 in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$5.8 million (down 11.22% YoY) and the FY2025 annual result came in at -$15.8 million, down 1182.34% from the prior year.
  • Tax Provisions was $423000.0 for Q4 2023 at CNFinance Holdings, up from -$2.0 million in the prior quarter.
  • Across five years, Tax Provisions topped out at $2.4 million in Q4 2021 and bottomed at -$8.7 million in Q3 2019.
  • A 5-year average of -$2.5 million and a median of -$2.3 million in 2020 frame the typical range for Tax Provisions.
  • Annual changes were most pronounced in 2021 — Tax Provisions sank 293.15% — and 2023, when it jumped 449.35%.
  • CNFinance Holdings' Tax Provisions stood at -$3.3 million in 2019, then fell by 11.83% to -$3.7 million in 2020, then soared by 166.08% to $2.4 million in 2021, then sank by 96.86% to $77000.0 in 2022, then soared by 449.35% to $423000.0 in 2023.
  • Business Quant data shows CNF's Tax Provisions at $423000.0 in Q4 2023, -$2.0 million in Q3 2023, and -$1.6 million in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 103.00 Mn
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 944.00 Mn
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 873.00 Mn
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 22.37 Mn
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 8.02 Mn
7 Velocity Financial 681.36 Mn -6.51 Bn - 8.58 Mn
8 UWM Holdings 540.43 Mn 116.43 Mn - 7.13 Mn
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - -1.57 Mn
10 Onity 340.51 Mn 215.81 Mn - 300,000.00

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 2.45 Mn
Sep 30, 2021 -1.01 Mn
Jun 30, 2021 -1.30 Mn
Mar 31, 2021 -4.51 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