The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 9, 2022. Its latest SEC filing is a SC 13G/A from Feb 13, 2023.
10-Q for Q3 FY2022, filed Nov 9, 2022
The sections below describe the company as of the FY2021 annual report.
Provides cloud-based benefits enrollment and management software that helps employers, health plans, and brokers administer benefit programs.
10-K for FY2021, filed Mar 4, 2022We provide a multi-tenant cloud-based benefits enrollment and management platform for employees, employers, health plans, suppliers, and…View ↗
Employers use our solutions to streamline benefits processes and control costs, keep up with challenging and ever-changing regulatory…View ↗
Health Plans, also known as health insurers, health insurance carriers or medical insurance carriers, use our solutions to more effectively…View ↗
Brokers use our platform to manage employer portfolios and individual clients. This includes delivering strategic, data-driven insights…View ↗
Employers and health plans pay monthly or annual software subscription fees for access over a contract term. Carriers and suppliers pay based on marketplace purchases, with some policy revenue spread across the policy period and other commissions or transaction revenue tied to completed enrollment.
10-K for FY2021, filed Mar 4, 2022Subscription revenue primarily consists of monthly subscription fees paid to us by our employer and health plan customers for access to…View ↗
Our economic model includes a transaction-oriented solution, known as our Benefit Catalog, that aligns brokers, carriers and suppliers…View ↗
Platform revenue is generated from the value of policies or products enrolled in through the Company’s marketplace. Platform revenue from…View ↗
10-K for FY2021, filed Mar 4, 2022
FY2021 revenue by product or service ↗$263.1M
10-K for FY2021, filed Mar 3, 2022
$263.1M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription
Recurring
10-K for FY2021, filed Mar 4, 2022 |
68%
FY2018: 69%
|
Subscription, FY2021
$178.8M Sources
|
Recurring |
|
Platform
|
15%
FY2018: 8.9%
|
Platform, FY2021
$39.6M Sources
|
|
|
Professional Services
|
17%
FY2018: 22%
|
Professional Services, FY2021
$44.8M Sources
|
|
|
Software Services
|
83%
FY2018: 78%
|
Software Services, FY2021
$218.3M Sources
|
Employers and health plans buy software through Benefitfocus's direct sales team or strategic partners; brokers use the platform to manage employer portfolios.
10-K for FY2021, filed Mar 4, 2022We sell our software solutions through our direct sales organization. Our direct sales team comprises employer-focused and health…View ↗
We also sell our software solutions through strategic partners such as SAP SE.View ↗
Brokers use our platform to manage employer portfolios and individual clients. This includes delivering strategic, data-driven insights…View ↗
Not on paper. It lost $32.2M in FY2021, but brought in more cash than it spent: $21.7M of free cash flow.
10-K for FY2021, filed Mar 3, 2022
−$5.7MView ↗
10-K for FY2021, filed Mar 3, 2022
−$32.2MView ↗
10-K for FY2021, filed Mar 3, 2022
$21.7MView ↗
10-Q for Q3 FY2022, filed Nov 8, 2022
−$7MView ↗
10-Q for Q3 FY2022, filed Nov 9, 2022
Open tableView ↗
8-K, filed Jan 24, 2023
NEW YORK and CHARLESTON, South Carolina, Jan. 24, 2023 — Voya Financial, Inc. (NYSE: VOYA), a leading health, wealth and investment…View ↗
8-K, filed Nov 7, 2022
As a result of the proposed transaction with Voya, Benefitfocus is suspending financial guidance for the fourth quarter and full year 2022.…View ↗
Grew. Revenue grew 11% in 4 years, from $236.8M in FY2017 to $263.1M in FY2021, about 3% a year.
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