Financial Snapshot

Revenue
$120.8M
TTM
Gross Margin
Net Earnings
-$8.142M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
266.78%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$75.24M
Q3 2024
Cash
Q3 2024
P/E
-29.71
Nov 29, 2024 EST
Free Cash Flow
-$5.423M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue $113.7M $109.2M $124.4M $155.9M $150.4M $155.7M $132.0M $141.4M $159.4M $195.4M $255.3M $210.1M $163.0M $123.5M $109.8M
YoY Change 4.18% -12.23% -20.23% 3.66% -3.36% 17.89% -6.59% -11.31% -18.42% -23.47% 21.53% 28.9% 31.94% 12.49% 10.91%

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 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue $113.7M $109.2M $124.4M $155.9M $150.4M $155.7M $132.0M $141.4M $159.4M $195.4M $255.3M $210.1M $163.0M $123.5M $109.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

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 2017 2016 2015 2014 2013 2012 2011 2010 2009
Selling, General & Admin $90.45M $85.31M $85.28M $100.7M $115.2M $96.10M $82.20M $78.90M $88.10M $93.70M $96.80M $83.00M $67.10M $58.10M $53.70M
YoY Change 6.02% 0.04% -15.31% -12.59% 19.88% 16.91% 4.18% -10.44% -5.98% -3.2% 16.63% 23.7% 15.49% 8.19% 9.37%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.187M $4.524M $5.188M $5.216M $8.536M $10.23M $10.89M $13.38M $13.13M $12.45M $10.66M $9.505M $7.766M $7.213M $9.620M
YoY Change 14.66% -12.8% -0.54% -38.89% -16.59% -6.01% -18.62% 1.89% 5.48% 16.85% 12.1% 22.39% 7.67% -25.02%
% of Gross Profit
Operating Expenses $119.9M $116.1M $125.7M $169.9M $170.1M $157.5M $139.1M $149.3M $152.7M $168.1M $182.4M $154.3M $129.7M $91.77M $85.80M
YoY Change 3.26% -7.66% -26.01% -0.11% 8.01% 13.17% -6.8% -2.22% -9.18% -7.85% 18.23% 18.99% 41.31% 6.96% 13.19%
Operating Profit -$6.128M -$6.900M -$1.316M -$13.97M -$19.65M -$1.797M -$7.086M -$7.926M $6.708M $27.27M $72.87M $55.77M $33.29M $31.75M
YoY Change -11.19% 424.32% -90.58% -28.93% 993.43% -74.64% -10.6% -218.16% -75.4% -62.58% 30.67% 67.5% 4.86%

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 2017 2016 2015 2014 2013 2012 2011 2010 2009
Interest Expense $1.974M $1.007M $11.31M $7.227M $7.589M $4.699M $6.972M $7.897M $8.889M $10.17M $11.56M $12.41M $13.53M $15.23M -$15.90M
YoY Change 96.03% -91.1% 56.54% -4.77% 61.5% -32.6% -11.71% -11.16% -12.6% -12.05% -6.85% -8.25% -11.16% -195.79% -1.24%
% of Operating Profit 132.51% 37.3% 15.87% 22.26% 40.64% 47.97%
Other Income/Expense, Net $3.000K $382.0K $2.403M
YoY Change -99.21% -84.1%

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 2017 2016 2015 2014 2013 2012 2011 2010 2009
Pretax Income -$7.859M -$6.405M -$10.23M -$21.17M -$27.20M -$6.468M -$14.05M -$15.82M -$2.181M $17.10M $61.31M $39.74M $19.89M $16.64M $8.100M
YoY Change 22.7% -37.37% -51.7% -22.16% 320.49% -53.98% -11.18% 625.49% -112.76% -72.11% 54.28% 99.8% 19.53% 105.42% 15.71%
Income Tax -$340.0K $132.0K $62.00K -$7.182M -$377.0K $1.542M -$1.325M -$4.370M -$386.0K $7.699M $24.97M $16.79M $7.516M $6.664M $3.100M
% Of Pretax Income 45.03% 40.73% 42.24% 37.79% 40.05% 38.27%
Net Earnings -$7.519M -$6.537M -$10.29M -$13.99M -$26.82M -$8.000M -$12.73M -$11.45M -$1.795M $9.400M $36.34M $22.95M $12.37M $9.975M $5.000M
YoY Change 15.02% -36.46% -26.46% -47.84% 235.25% -37.15% 11.14% 538.05% -119.1% -74.13% 58.33% 85.51% 24.03% 99.5% 28.21%
Net Earnings / Revenue -6.61% -5.99% -8.27% -8.97% -17.83% -5.14% -9.64% -8.1% -1.13% 4.81% 14.23% 10.93% 7.59% 8.08% 4.55%
Basic Earnings Per Share -$0.10 -$0.09 -$0.17 -$0.26 -$0.50 -$0.15 -$0.25 -$0.23 -$0.04 $0.19 $0.77 $0.48 $0.14 $0.10
Diluted Earnings Per Share -$0.10 -$0.09 -$0.17 -$0.26 -$0.50 -$0.15 -$0.25 -$0.23 -$0.04 $0.19 $0.74 $0.44 $0.13 $0.09 $116.3K

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 2017 2016 2015 2014 2013 2012 2011 2010 2009
Cash & Short-Term Investments $7.252M $23.38M $17.35M $16.00M $3.400M $5.500M $21.70M $33.00M $71.20M $80.30M $81.90M $37.80M $20.00M $11.10M
YoY Change -68.99% 34.8% 8.42% 370.59% -38.18% -74.65% -34.24% -53.65% -11.33% -1.95% 116.67% 89.0% 80.18%
Cash & Equivalents $7.252M $23.38M $17.35M $16.00M $3.400M $5.500M $21.70M $33.00M $71.20M $80.30M $81.90M $37.80M $20.00M $11.10M
Short-Term Investments
Other Short-Term Assets $3.732M $3.746M $5.280M $6.100M $4.900M $5.200M $14.50M $25.50M $20.10M $21.20M $12.30M $7.800M $9.200M $6.600M
YoY Change -0.37% -29.05% -13.44% 24.49% -5.77% -64.14% -43.14% 26.87% -5.19% 72.36% 57.69% -15.22% 39.39%
Inventory
Prepaid Expenses
Receivables $28.46M $27.25M $28.92M $27.70M $28.50M $20.90M $12.50M $11.50M $18.00M $15.00M $19.60M $23.00M $19.40M $14.00M
Other Receivables $335.0K $3.123M $3.159M $4.700M $200.0K $200.0K $6.800M $2.000M $0.00 $4.400M $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $39.78M $57.51M $54.71M $54.50M $37.00M $31.80M $55.50M $72.00M $109.3M $120.9M $113.9M $68.70M $48.60M $31.70M
YoY Change -30.82% 5.12% 0.38% 47.3% 16.35% -42.7% -22.92% -34.13% -9.59% 6.15% 65.79% 41.36% 53.31%
Property, Plant & Equipment $10.26M $12.95M $18.94M $22.50M $25.60M $22.30M $20.90M $23.70M $25.50M $27.60M $26.20M $20.70M $14.90M $13.50M
YoY Change -20.84% -31.62% -15.81% -12.11% 14.8% 6.7% -11.81% -7.06% -7.61% 5.34% 26.57% 38.93% 10.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.621M $1.000M $963.0K $1.100M $1.000M $1.000M $1.500M $900.0K $200.0K $2.700M $3.100M $4.600M $700.0K $1.600M
YoY Change 62.1% 3.84% -12.45% 10.0% 0.0% -33.33% 66.67% 350.0% -92.59% -12.9% -32.61% 557.14% -56.25%
Total Long-Term Assets $59.25M $61.33M $67.28M $71.70M $101.9M $106.0M $108.9M $113.1M $133.2M $141.9M $143.4M $143.0M $133.7M $149.7M
YoY Change -3.39% -8.85% -6.17% -29.64% -3.87% -2.66% -3.71% -15.09% -6.13% -1.05% 0.28% 6.96% -10.69%
Total Assets $99.03M $118.8M $122.0M $126.2M $138.9M $137.8M $164.4M $185.1M $242.5M $262.8M $257.3M $211.7M $182.3M $181.4M
YoY Change
Accounts Payable $727.0K $1.262M $1.124M $400.0K $2.500M $1.400M $14.30M $13.70M $15.30M $13.50M $2.400M $1.400M $100.0K $100.0K
YoY Change -42.39% 12.28% 181.0% -84.0% 78.57% -90.21% 4.38% -10.46% 13.33% 462.5% 71.43% 1300.0% 0.0%
Accrued Expenses $8.174M $8.166M $10.34M $11.10M $8.900M $5.800M $4.600M $4.300M $4.800M $5.400M $11.80M $9.300M $7.100M $4.600M
YoY Change 0.1% -21.01% -6.86% 24.72% 53.45% 26.09% 6.98% -10.42% -11.11% -54.24% 26.88% 30.99% 54.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $983.0K $489.0K $60.00M $3.300M $2.200M $2.000M $9.700M $8.000M $9.800M $10.80M $11.00M $8.100M $12.50M
YoY Change -100.0% 101.02% -99.19% 1718.18% 50.0% 10.0% -79.38% 21.25% -18.37% -9.26% -1.82% 35.8% -35.2%
Total Short-Term Liabilities $12.38M $14.21M $17.51M $77.20M $19.40M $14.10M $43.10M $51.50M $53.70M $55.80M $45.70M $37.00M $26.90M $20.90M
YoY Change -12.86% -18.85% -77.32% 297.94% 37.59% -67.29% -16.31% -4.1% -3.76% 22.1% 23.51% 37.55% 28.71%
Long-Term Debt $5.000M $18.18M $19.08M $0.00 $58.60M $41.10M $38.60M $43.90M $84.10M $102.0M $122.5M $136.7M $95.20M $104.8M
YoY Change -72.5% -4.72% -100.0% 42.58% 6.48% -12.07% -47.8% -17.55% -16.73% -10.39% 43.59% -9.16%
Other Long-Term Liabilities $943.0K $1.957M $2.971M $7.000M $7.200M $5.300M $2.500M $2.400M $2.000M $2.300M $2.200M $2.700M $2.900M $4.400M
YoY Change -51.81% -34.13% -57.56% -2.78% 35.85% 112.0% 4.17% 20.0% -13.04% 4.55% -18.52% -6.9% -34.09%
Total Long-Term Liabilities $5.943M $20.14M $22.06M $7.000M $65.80M $46.40M $41.10M $46.30M $86.10M $104.3M $124.7M $139.4M $98.10M $109.2M
YoY Change -70.49% -8.68% 215.07% -89.36% 41.81% 12.9% -11.23% -46.23% -17.45% -16.36% -10.55% 42.1% -10.16%
Total Liabilities $18.32M $34.35M $39.56M $84.20M $85.20M $60.50M $84.10M $98.80M $148.7M $171.7M $183.0M $187.7M $139.8M $151.2M
YoY Change -46.65% -13.18% -53.01% -1.17% 40.83% -28.06% -14.88% -33.56% -13.4% -6.17% -2.5% 34.26% -7.54%

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

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: $241.92 Million

About Performant Healthcare Inc

Performant Financial Corp. engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. The company is headquartered in Pleasanton, California and currently employs 958 full-time employees. The company went IPO on 2012-08-10. The firm works with national and regional healthcare payers to provide eligibility-based, also known as coordination-of-benefits (COB) services, as well as claims-based services, which includes the audit and identification of improperly paid claims. The company also provides advanced reporting capabilities, support services, customer care, and stakeholder training programs designed to mitigate future instances of improper payments. The firm offers these services in both government and commercial healthcare markets. The company provides audit, eligibility, and recovery services to identify improper healthcare payments. The firm provides its services to government and private clients, such as private healthcare and Center for Medicare and Medicaid Services (CMS).

Industry: Services-Miscellaneous Business Services Peers: Wilhelmina International, Inc. CINTAS CORP Civeo Corp VIAD CORP SEAFARER EXPLORATION CORP HEALTHCARE SERVICES GROUP INC MATTHEWS INTERNATIONAL CORP ODYSSEY MARINE EXPLORATION INC VSE CORP