Financial Snapshot

Revenue
$942.6M
TTM
Gross Margin
74.22%
TTM
Net Earnings
-$1.539B
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
104.98%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$207.6M
Q3 2024
Cash
Q3 2024
P/E
-0.07365
Nov 29, 2024 EST
Free Cash Flow
$49.70M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $961.5M $1.080B $1.118B $937.8M $982.9M $1.041B
YoY Change -10.95% -3.39% 19.18% -4.59% -5.57%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $961.5M $1.080B $1.118B $937.8M $982.9M $1.041B
Cost Of Revenue $235.5M $204.1M $175.3M $318.7M $149.6M
Gross Profit $726.1M $875.6M $942.3M $619.1M $833.3M
Gross Profit Margin 75.51% 81.1% 84.32% 66.02% 84.78%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $136.0M $132.1M $132.0M $323.9M $72.00M
YoY Change 2.91% 0.12% -59.25% 349.86%
% of Gross Profit 18.73% 15.09% 14.01% 52.32% 8.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $77.32M $68.76M $64.89M $60.58M $55.81M $52.27M
YoY Change 12.46% 5.97% 7.11% 8.55% 6.77%
% of Gross Profit 10.65% 7.85% 6.89% 9.78% 6.7%
Operating Expenses $556.0M $541.4M $537.1M $719.2M $461.8M
YoY Change 2.69% 0.81% -25.32% 55.74%
Operating Profit $162.0M -$362.7M $386.1M -$131.8M $368.2M $427.5M
YoY Change -144.66% -193.94% -392.91% -135.8% -13.88%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $333.2M $303.4M $267.5M $335.6M $376.3M $383.3M
YoY Change 9.82% 13.43% -20.31% -10.82% -1.8%
% of Operating Profit 205.71% 69.27% 102.21% 89.64%
Other Income/Expense, Net $35.40M
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$107.1M -$560.7M $135.5M -$546.9M $10.51M $10.50M
YoY Change -80.9% -513.8% -124.78% -5304.11% 0.09%
Income Tax -$15.36M $12.17M $33.37M -$26.34M $799.0K $800.0K
% Of Pretax Income 24.63% 7.6% 7.62%
Net Earnings -$91.70M -$572.9M $102.1M -$520.6M $9.710M $36.22M
YoY Change -83.99% -661.24% -119.61% -5461.11% -73.19%
Net Earnings / Revenue -9.54% -53.06% 9.13% -55.51% 0.99% 3.48%
Basic Earnings Per Share -$0.14 -$0.90 $0.16 -$1.11 $0.02
Diluted Earnings Per Share -$0.14 -$0.90 $0.16 -$1.11 $0.02

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $71.55M $334.0M $185.3M $126.8M $21.80M
YoY Change -78.58% 80.25% 46.16% 481.65%
Cash & Equivalents $71.55M $334.0M $185.3M $126.8M $21.80M
Short-Term Investments
Other Short-Term Assets $45.49M $33.78M $34.02M $18.90M $16.70M
YoY Change 34.64% -0.71% 80.02% 13.17%
Inventory
Prepaid Expenses
Receivables $76.56M $78.91M $99.91M $63.20M $77.10M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $193.6M $446.7M $319.3M $208.9M $115.6M
YoY Change -56.67% 39.93% 52.83% 80.71%
Property, Plant & Equipment $287.1M $257.1M $243.3M $219.0M $208.0M
YoY Change 11.68% 5.64% 11.12% 5.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.78M $21.90M $9.701M $14.20M $8.200M
YoY Change -0.54% 125.7% -31.68% 73.17%
Total Long-Term Assets $6.771B $6.924B $7.901B $8.075B $8.245B
YoY Change -2.21% -12.36% -2.15% -2.06%
Total Assets $6.965B $7.371B $8.220B $8.284B $8.360B
YoY Change
Accounts Payable $19.59M $13.30M $13.01M $15.30M $9.600M
YoY Change 47.35% 2.23% -15.0% 59.38%
Accrued Expenses $133.9M $149.3M $115.7M $87.10M $75.80M
YoY Change -10.31% 29.09% 32.78% 14.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.25M $13.25M $13.25M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $166.7M $175.8M $141.9M $112.5M $85.80M
YoY Change -5.18% 23.91% 26.14% 31.12%
Long-Term Debt $4.533B $4.742B $4.879B $4.579B $5.397B
YoY Change -4.41% -2.81% 6.57% -15.17%
Other Long-Term Liabilities $34.38M $23.36M $100.9M $134.1M $23.10M
YoY Change 47.17% -76.84% -24.79% 480.52%
Total Long-Term Liabilities $4.567B $4.765B $4.980B $4.713B $5.420B
YoY Change -4.16% -4.31% 5.67% -13.05%
Total Liabilities $5.256B $5.581B $5.876B $5.726B $6.375B
YoY Change -5.82% -5.02% 2.62% -10.19%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 645.1M shares 638.9M shares 651.0M shares 470.8M shares 415.7M shares
Diluted Shares Outstanding 645.1M shares 638.9M shares 651.5M shares 470.8M shares 415.7M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $113.36 Million

About MultiPlan Corp

Multiplan Corp is a US-based company operating in Health Care Technology industry. The company is headquartered in New York City, New York and currently employs 2,800 full-time employees. The company went IPO on 2020-02-10. MultiPlan Corporation is a provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the United States healthcare industry. The firm interprets customer’s needs and customizes solutions that combine its payment and revenue integrity, network-based, analytics-based, and data and decision science services. Through its data and technology platform, the Company provides out-of-network cost management, payment and revenue integrity, data and decision science, business-to-business (B2B) healthcare payments and other services to the payors of healthcare, which are primarily health insurers and their administrative-services-only (ASO) platforms, self-insured employers, federal and state government-sponsored health plans and other health plan sponsors, and, indirectly, the plan members who are the consumers of healthcare services. The firm is a partner to over 700 healthcare payors, brokers, and others.

Industry: Services-Business Services, NEC Peers: Veradigm Inc. Certara, Inc. Definitive Healthcare Corp. GoodRx Holdings, Inc. NEXTGEN HEALTHCARE, INC. Phreesia, Inc. Schrodinger, Inc.