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.
| Type | Public | |
| Founded | 2000 | |
| HQ | Charleston, US | Map |
| Website | benefitfocus.com | |
| Employee Ratings | More |
Recent NewsAll News
- Benefitfocus Advances Platform Leadership With Artificial Intelligence, Productivity Enhancements and New Category of Products
- Media Alert: S.C. Governor Henry McMaster to Address Benefitfocus One Place Attendees
- Benefitfocus to Host its Largest-ever Benefits Technology & Business Conference, One Place
- Benefitfocus to Present at Raymond James 40th Annual Institutional Investors Conference
Key People/Management at Benefitfocus
Ray August
Jim Restivo
Jonathon Dussault
Robert Dahdah
Myra Frailey
Lou Anne Gilmore
Benefitfocus Office Locations
Benefitfocus Financials and Metrics
Benefitfocus Revenue
| 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 |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 26.3m | 30.7m | 32.3m | 34.2m | 42.7m | 42.7m | 45.4m | 54.8m | 57.9m | 58.0m | 64.2m | 63.3m | 62.5m | 62.4m | 60.6m | 61.0m |
Cost of goods sold | 16.4m | 19.2m | 21.0m | 23.4m | 22.5m | 23.6m | 26.3m | 29.3m | 29.8m | 29.1m | 31.6m | 28.8m | 30.5m | 31.4m | 30.7m | 31.7m |
Gross profit | 9.9m | 11.5m | 11.3m | 10.8m | 20.2m | 19.1m | 19.2m | 25.5m | 28.1m | 28.9m | 32.6m | 34.5m | 32.0m | 31.0m | 29.9m | 29.3m |
Gross profit Margin, % | 38% | 37% | 35% | 32% | 47% | 45% | 42% | 47% | 49% | 50% | 51% | 54% | 51% | 50% | 49% | 48% |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 84.7m | 48.8m | 55.2m | 53.8m | 68.6m | 40.4m | 43.0m | 22.3m | 56.9m | 50.8m | 57.7m | 59.4m | 54.6m | 54.8m | 53.3m | 51.1m |
Accounts Receivable | 21.2m | 18.3m | 21.4m | 18.0m | 16.7m | 20.3m | 20.7m | 31.1m | 28.4m | 27.5m | 23.9m | 27.0m | 33.3m | 29.7m | 26.8m | 27.6m |
Current Assets | 108.3m | 98.0m | 98.4m | 83.6m | 131.4m | 116.2m | 114.3m | 78.1m | 105.4m | 92.0m | 90.8m | 93.5m | 93.3m | 99.5m | 93.8m | 89.5m |
PP&E | 16.5m | 28.8m | 37.7m | 43.5m | 54.0m | 54.1m | 54.6m | 54.3m | 55.8m | 57.9m | 78.0m | 76.4m | 75.0m | 71.2m | 71.4m | 70.2m |
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 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 | 5.7m | 2.4m | 5.0m | 7.6m | 2.8m | 5.7m | 8.7m | 3.0m | 6.3m | 9.6m | 4.0m | 7.9m | 11.8m | 3.9m | 8.0m | 11.9m |
Accounts Payable | 3.9m | (5.0k) | (2.1m) | (1.3m) | (295.0k) | 1.4m | 117.0k | (3.9m) | (1.3m) | (3.8m) | (899.0k) | (1.3m) | (4.3m) | 2.7m | (1.1m) | 4.4m |
Cash From Operating Activities | 2.3m |
| USD | Y, 2018 |
|---|---|
Revenue/Employee | 178.4k |
Financial Leverage | -30.7 x |
Benefitfocus Operating Metrics
Benefitfocus Revenue Breakdown
Benefitfocus revenue breakdown by business segment: 13.5% from Professional Services and 86.5% from Software Services
Benefitfocus Online and Social Media Presence
6.55k Twitter followers
Benefitfocus has 6.55k Twitter Followers. The number of followers has increased 0.3% month over month and increased 0.2% quarter over quarter
Twitter Engagement Stats for @Benefitfocus
24.9k
Tweets
1.3k
Following
6.6k
Followers
188
Tweets last 30 days
1.5
Avg. likes per Tweet
98.4%
Tweets with engagement
Benefitfocus News and Updates
Benefitfocus Advances Platform Leadership With Artificial Intelligence, Productivity Enhancements and New Category of Products
Media Alert: S.C. Governor Henry McMaster to Address Benefitfocus One Place Attendees
Benefitfocus to Host its Largest-ever Benefits Technology & Business Conference, One Place
Benefitfocus to Present at Raymond James 40th Annual Institutional Investors Conference
Benefitfocus Announces Pricing of Secondary Offering
Benefitfocus Announces Date of Fourth Quarter and Full Year 2018 Financial Results
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.