CNFinance Holdings (CNF) Tax Provisions (2017 - 2023)
CNFinance Holdings' (CNF) quarterly Tax Provisions came in at $423000.0 in 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.
Analysis
CNFinance Holdings (CNF) Tax Provisions (2017 - 2023) Analysis & Trends
CNFinance Holdings (CNF) has reported Tax Provisions for 7 consecutive years, with $423000.0 the latest figure, recorded 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 $16.3 million, up 1229.87% from the prior year.
- Tax Provisions advanced to $423000.0 in Q4 2023 per CNF's latest filing, 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.
- Historically, Tax Provisions has averaged -$2.5 million across 5 years, with a median of -$2.3 million in 2020.
- The sharpest annual moves came in 2021 and 2023: Tax Provisions tumbled 290.54% in 2021, then surged 449.35% in 2023.
- Over 5 years, Tax Provisions stood at -$3.3 million in 2019, then fell by 11.83% to -$3.7 million in 2020, then jumped by 165.13% to $2.4 million in 2021, then sank by 96.81% to $77000.0 in 2022, then soared by 449.35% to $423000.0 in 2023.
- According to Business Quant data, Tax Provisions over the past three periods registered $423000.0, -$2.0 million, and -$1.6 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 46.15 Bn | 43.05 Bn | - | 52.00 Mn |
| 2 | Federal National Mortgage Association Fannie Mae | 30.33 Bn | 30.33 Bn | - | 1.01 Bn |
| 3 | Figure Technology Solutions | 7.94 Bn | 6.40 Bn | 196.67 Mn | -4.45 Mn |
| 4 | PennyMac Financial Services | 3.45 Bn | 2.70 Bn | 480.08 Mn | 9.80 Mn |
| 5 | Federal Agricultural Mortgage | 2.40 Bn | 1.36 Bn | - | 14.89 Mn |
| 6 | UWM Holdings | 2.01 Bn | 2.36 Bn | - | -21.02 Mn |
| 7 | Walker & Dunlop | 1.26 Bn | 1.11 Bn | - | -764,000.00 |
| 8 | CNFinance Holdings | 1.25 Bn | 1.25 Bn | - | - |
| 9 | Velocity Financial | 630.27 Mn | -6.82 Bn | - | 9.50 Mn |
| 10 | Onity | 266.14 Mn | 69.84 Mn | - | -3.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |