Benefitfocus

Benefitfocus provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits. Every day leading employers, insurance companies and millions of consumers rely on our platform to manage, scale and exchange benefits data seamlessly. In an increasingly complex benefits landscape, we bring order to chaos so our clients and their employees have access to better information, make better decisions and lead better lives.
Type
Public
HQ
Charleston, US
Founded
2000
Size (employees)
1,430 (est)-1%
Benefitfocus was founded in 2000 and is headquartered in Charleston, US

Benefitfocus Office Locations

Benefitfocus has offices in Charleston, Greenville, Jenks, San Francisco and in 19 other locations
Charleston, US (HQ)
100 Benefitfocus Way
San Francisco, US
99 Green St
Jenks, US
250 400 Riverwalk Terrace
Greenville, US
1016 Woods Crossing Rd

Benefitfocus Data and Metrics

Benefitfocus Financial Metrics

Benefitfocus's revenue was reported to be $233.3 m in FY, 2016 which is a 26% increase from the previous period.
Numbers are in $, USD

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 (26-May-2017)

1 b

Closing share price (26-May-2017)

32

Cash (31-Dec-2016)

56.9 m
Benefitfocus's current market capitalization is $1 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

104.8 m137.4 m185.1 m233.3 m

Revenue growth, %

31%35%26%

Cost of goods sold

62.4 m87.5 m102.9 m120.7 m

Gross profit

42.3 m50 m82.3 m112.7 m

Gross profit Margin, %

40%36%44%48%

Operating expense total

70.5 m108.9 m136.6 m144.8 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 k77 k188 k138 k

Pre tax profit

(30.4 m)(63.2 m)(62.1 m)(40 m)

Income tax expense

(31 k)25 k25 k17 k

Net Income

(30.4 m)(63.2 m)(62.1 m)(40.1 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

65.6 m51.1 m48.1 m56.9 m

Accounts Receivable

23.7 m21.3 m27.6 m28.3 m

Inventories

4.3 m4.2 m5.7 m4.4 m

Current Assets

106.8 m81.8 m123.9 m96.3 m

PP&E

27.4 m54 m55 m80.5 m

Goodwill

1.6 m1.6 m1.6 m1.6 m

Total Assets

139.6 m140 m182.1 m180.4 m

Accounts Payable

4.4 m5.6 m8 m5.8 m

Current Liabilities

41.9 m56.7 m105.6 m92.1 m

Additional Paid-in Capital

214.5 m223.4 m310.3 m335.1 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
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(30.4 m)(63.2 m)(62.1 m)(40.1 m)

Depreciation and Amortization

8.2 m9.5 m11.7 m13.1 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 m2.4 m6.5 m6.7 m

Income Taxes Paid

169 k38 k18 k7 k
Y, 2016

Financial Leverage

-5.4 x

Benefitfocus Market Value History

Benefitfocus Online and Social Media Presence

Benefitfocus Company Life and Culture

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