Benefitfocus provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits. 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.
By delivering technology that integrates all benefits in one place, Benefitfocus provides a better way to engage consumers, educate employees and simplify benefit enrollment and management.
Benefitfocus Office Locations
Benefitfocus Data and Metrics
Benefitfocus Financial Metrics
Revenue (FY, 2016) | 233.3 m |
Revenue growth (FY, 2015 - FY, 2016), % | 26% |
Gross profit (FY, 2016) | 112.7 m |
Gross profit margin (FY, 2016), % | 48% |
Net income (FY, 2016) | (40.1 m) |
EBIT (FY, 2016) | (32.2 m) |
Market capitalization (21-Jul-2017) | 1.1 b |
Cash (31-Dec-2016) | 56.9 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 104.8 m | 137.4 m | 185.1 m | 233.3 m |
Revenue growth, % | 31% | 35% | 26% | |
Cost of goods sold | 62.4 m | 87.5 m | 102.9 m | 120.7 m |
Gross profit | 42.3 m | 50 m | 82.3 m | 112.7 m |
Gross profit Margin, % | 40% | 36% | 44% | 48% |
Sales and marketing expense | 55.5 m | |||
R&D expense | 56.6 m | |||
General and administrative expense | 32.8 m | |||
Operating expense total | 70.5 m | 108.9 m | 136.6 m | 144.8 m |
EBIT | (28.2 m) | (58.9 m) | (54.3 m) | (32.2 m) |
EBIT margin, % | (27%) | (43%) | (29%) | (14%) |
Interest expense | 2.1 m | |||
Interest income | 46 k | 77 k | 188 k | 138 k |
Pre tax profit | (30.4 m) | (63.2 m) | (62.1 m) | (40 m) |
Income tax expense | (31 k) | 25 k | 25 k | 17 k |
Net Income | (30.4 m) | (63.2 m) | (62.1 m) | (40.1 m) |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 65.6 m | 51.1 m | 48.1 m | 56.9 m |
Accounts Receivable | 23.7 m | 21.3 m | 27.6 m | 28.3 m |
Inventories | 4.3 m | 4.2 m | 5.7 m | 4.4 m |
Current Assets | 106.8 m | 81.8 m | 123.9 m | 96.3 m |
PP&E | 27.4 m | 54 m | 55 m | 80.5 m |
Goodwill | 1.6 m | 1.6 m | 1.6 m | 1.6 m |
Total Assets | 139.6 m | 140 m | 182.1 m | 180.4 m |
Accounts Payable | 4.4 m | 5.6 m | 8 m | 5.8 m |
Current Liabilities | 41.9 m | 56.7 m | 105.6 m | 92.1 m |
Total Liabilities | 213.7 m | |||
Additional Paid-in Capital | 214.5 m | 223.4 m | 310.3 m | 335.1 m |
Retained Earnings | (203.1 m) | (266.3 m) | (328.3 m) | (368.4 m) |
Total Equity | 11.4 m | (18 m) | (33.3 m) | |
Financial Leverage | 12.2 x | -10.1 x | -5.4 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | (30.4 m) | (63.2 m) | (62.1 m) | (40.1 m) |
Depreciation and Amortization | 8.2 m | 9.5 m | 11.7 m | 13.1 m |
Accounts Receivable | (10 m) | 2.4 m | (7.8 m) | (3.9 m) |
Inventories | (1.4 m) | 833 k | (1.3 m) | 1.6 m |
Accounts Payable | 2.6 m | (199 k) | 3.4 m | (1.8 m) |
Cash From Operating Activities | 1.1 m | (14.6 m) | (3 m) | |
Purchases of PP&E | (8.9 m) | (9.8 m) | (14.7 m) | (12.7 m) |
Cash From Investing Activities | (22.1 m) | (2 m) | (50.2 m) | |
Interest Paid | 2.1 m | 2.4 m | 6.5 m | 6.7 m |
Income Taxes Paid | 169 k | 38 k | 18 k | 7 k |
| Y, 2016 | |
|---|---|
Financial Leverage | -5.4 x |
