OverviewSuggest Edit

Benefitfocus provides cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. The Company operates through the following segments: Employer and Carrier. The Employer segment involves in providing products and services for employers, which include HR InTouch Marketplace, Benefit Informatics, HR Support Center, implementation services, media services, app development platform, and software-enabled services. The Carrier segment offers products and services for insurance carriers, which include eEnrollment, eBilling, eExchange, eSales, eDirect, benefit informatics, implementation services, media and animation services, app development platform, and software-enabled services.

TypePublic
Founded2000
HQCharleston, US
Websitebenefitfocus.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Feb 2019)1,450
Job Openings135
Revenue (FY, 2018)$258.7 M
Share Price (Mar 2019)$45.2 (-4%)

Key People/Management at Benefitfocus

Ray August

Ray August

President & Chief Executive Officer
Jim Restivo

Jim Restivo

Chief Technology Officer
Jonathon Dussault

Jonathon Dussault

CFO
Robert Dahdah

Robert Dahdah

Executive Vice President of Global Sales
Myra Frailey

Myra Frailey

Vice President of Corporate Project Management
Lou Anne Gilmore

Lou Anne Gilmore

Vice President of Corporate Development
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Benefitfocus Office Locations

Benefitfocus has offices in Charleston, Salt Lake City, Sacramento, Portland and in 12 other locations
Charleston, US (HQ)
100 Benefitfocus Way
Austin, US
Austin, TX, USA
Boston, US
Boston, MA, USA
Charlotte, US
Charlotte, NC, USA
Cottonwood Heights, US
2825 E Cottonwood Pkwy
Greenville, US
A, 1016 Woods Crossing Rd
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Benefitfocus Financials and Metrics

Benefitfocus Revenue

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Benefitfocus's revenue was reported to be $258.72 m in FY, 2018
USD

Revenue (FY, 2018)

258.7m

Gross profit (FY, 2018)

129.4m

Gross profit margin (FY, 2018), %

50%

Net income (FY, 2018)

(52.6m)

EBIT (FY, 2018)

(39.7m)

Market capitalization (22-Mar-2019)

1.4b

Closing stock price (22-Mar-2019)

45.2

Cash (31-Dec-2018)

190.9m
Benefitfocus's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

104.8m137.4m185.1m233.3m256.7m258.7m

Revenue growth, %

31%35%26%

Cost of goods sold

62.4m87.5m102.9m120.7m124.2m129.3m

Gross profit

42.3m50.0m82.3m112.7m132.6m129.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

26.3m30.7m32.3m34.2m42.7m42.7m45.4m54.8m57.9m58.0m64.2m63.3m62.5m62.4m60.6m61.0m

Cost of goods sold

16.4m19.2m21.0m23.4m22.5m23.6m26.3m29.3m29.8m29.1m31.6m28.8m30.5m31.4m30.7m31.7m

Gross profit

9.9m11.5m11.3m10.8m20.2m19.1m19.2m25.5m28.1m28.9m32.6m34.5m32.0m31.0m29.9m29.3m

Gross profit Margin, %

38%37%35%32%47%45%42%47%49%50%51%54%51%50%49%48%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

65.6m51.1m48.1m56.9m55.3m190.9m

Accounts Receivable

23.7m21.3m27.6m28.3m30.2m21.1m

Inventories

4.3m4.2m5.7m4.4m

Current Assets

106.8m81.8m123.9m96.3m89.8m228.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(30.4m)(63.2m)(62.1m)(40.1m)(25.9m)(52.6m)

Depreciation and Amortization

8.2m9.5m11.7m13.1m15.9m15.8m

Inventories

(1.4m)833.0k(1.3m)1.6m

Accounts Payable

2.6m(199.0k)3.4m(1.8m)(1.4m)6.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(22.0m)(12.4m)(30.6m)(49.5m)(14.6m)(32.9m)(49.6m)(13.4m)(24.4m)(33.0m)(7.7m)(12.2m)(18.9m)(13.8m)(28.1m)(39.7m)

Depreciation and Amortization

5.7m2.4m5.0m7.6m2.8m5.7m8.7m3.0m6.3m9.6m4.0m7.9m11.8m3.9m8.0m11.9m

Accounts Payable

3.9m(5.0k)(2.1m)(1.3m)(295.0k)1.4m117.0k(3.9m)(1.3m)(3.8m)(899.0k)(1.3m)(4.3m)2.7m(1.1m)4.4m

Cash From Operating Activities

2.3m
USDY, 2018

Revenue/Employee

178.4k

Financial Leverage

-30.7 x
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Benefitfocus Operating Metrics

Benefitfocus's Connections was reported to be 1.5 k in FY, 2016. Benefitfocus's Customers was reported to be 957 in Q3, 2017.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Customers

596 777 795 856 880 886 906 946 957

Connections

900 1.50 k1.50 k

Patents Issued

3 3 5

Patent Applications

8 7 5
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Benefitfocus Revenue Breakdown

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Benefitfocus revenue breakdown by business segment: 13.5% from Professional Services and 86.5% from Software Services

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Benefitfocus Online and Social Media Presence

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Benefitfocus News and Updates

Benefitfocus Advances Platform Leadership With Artificial Intelligence, Productivity Enhancements and New Category of Products

CHARLESTON, S.C., March 26, 2019 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced a significant expansion of the BENEFITFOCUS® Platform and Benefitfocus BenefitsPlace®. Announced during the...

Media Alert: S.C. Governor Henry McMaster to Address Benefitfocus One Place Attendees

CHARLESTON, S.C., March 18, 2019 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced the Honorable Henry McMaster, Governor of the State of South Carolina, will address attendees of One Place on...

Benefitfocus to Host its Largest-ever Benefits Technology & Business Conference, One Place

CHARLESTON, S.C., March 14, 2019 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced that more than 1,200 benefits technology professionals will attend their annual One Place conference. One Place,...

Benefitfocus to Present at Raymond James 40th Annual Institutional Investors Conference

CHARLESTON, S.C., March 04, 2019 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced that its Chief Financial Officer, Jonathon Dussault, will present at the Raymond James 40th Annual Institutional Investo…

Benefitfocus Announces Pricing of Secondary Offering

CHARLESTON, S.C., March 01, 2019 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced that on February 28, 2019 the company priced its secondary offering of 5,704,758 shares of its common stock at a price o…

Benefitfocus Announces Date of Fourth Quarter and Full Year 2018 Financial Results

CHARLESTON, S.C., Feb. 11, 2019 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced that it will report its fourth quarter and full year 2018 financial results after U.S. financial markets close on Tuesday…
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Benefitfocus Frequently Asked Questions

  • When was Benefitfocus founded?

    Benefitfocus was founded in 2000.

  • Who are Benefitfocus key executives?

    Benefitfocus's key executives are Ray August, Jim Restivo and Jonathon Dussault.

  • How many employees does Benefitfocus have?

    Benefitfocus has 1,450 employees.

  • What is Benefitfocus revenue?

    Latest Benefitfocus annual revenue is $258.7 m.

  • What is Benefitfocus revenue per employee?

    Latest Benefitfocus revenue per employee is $178.4 k.

  • Who are Benefitfocus competitors?

    Competitors of Benefitfocus include Employee Navigator, Empyrean Benefit Solutions and Creative Realities.

  • Where is Benefitfocus headquarters?

    Benefitfocus headquarters is located at 100 Benefitfocus Way, Charleston.

  • Where are Benefitfocus offices?

    Benefitfocus has offices in Charleston, Salt Lake City, Sacramento, Portland and in 12 other locations.

  • How many offices does Benefitfocus have?

    Benefitfocus has 16 offices.