Benefitfocus

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.

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
Show all (23)

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.
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 (21-Jul-2017)

1.1 b

Cash (31-Dec-2016)

56.9 m
Benefitfocus's current market capitalization is $1.1 b.
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%

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 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)
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

Total Liabilities

213.7 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
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 Operating Metrics

Benefitfocus's Customers was reported to be 886 in FY, 2016, which is a 14% increase from the previous period. Benefitfocus's Patent Applications was reported to be 5 in FY, 2016, which is a 29% decrease from the previous period. Benefitfocus's Connections was reported to be 1.5 k in FY, 2016
FY, 2014FY, 2015FY, 2016

Patents Issued

335

Customers

596777886

Connections

9001.5 k1.5 k

Patent Applications

875

    Benefitfocus Market Value History

    Benefitfocus Revenue Breakdown

    Benefitfocus Job Categories

    Benefitfocus Online and Social Media Presence

    Benefitfocus Company Life and Culture

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