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.

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Type
Public
HQ
Charleston, US
Founded
2000
Size (employees)
1,430 (est)
Benefitfocus was founded in 2000 and is headquartered in Charleston, US
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Benefitfocus Office Locations

Benefitfocus has offices in Redwood City, Parsons, Louisville, Houston and in 29 other locations
Charleston, US (HQ)
100 Benefitfocus Way
Greenville, US
1016 Woods Crossing Rd
Jenks, US
250 400 Riverwalk Terrace
San Francisco, US
99 Green St
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Benefitfocus Financials and Metrics

Benefitfocus Revenue

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Benefitfocus's revenue was reported to be $233.34 m in FY, 2016 which is a 26% increase from the previous period.
USD

Revenue (Q1, 2018)

62.4 m

Gross profit (Q1, 2018)

31 m

Gross profit margin (Q1, 2018), %

49.6%

Net income (Q1, 2018)

(13.8 m)

EBIT (Q1, 2018)

(10.7 m)

Market capitalization (18-Jul-2018)

1.2 b

Closing share price (18-Jul-2018)

37.7

Cash (31-Mar-2018)

54.8 m
Benefitfocus's current market capitalization is $1.2 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

38%37%35%32%47%45%42%47%49%50%51%54%50%
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

84.7 m48.8 m55.2 m53.8 m68.6 m40.4 m43 m22.3 m56.9 m50.8 m57.7 m59.4 m54.8 m

Accounts Receivable

21.2 m18.3 m21.4 m18 m16.7 m20.3 m20.7 m31.1 m28.4 m27.5 m23.9 m27 m29.7 m

Current Assets

108.3 m98 m98.4 m83.6 m131.4 m116.2 m114.3 m78.1 m105.4 m92 m90.8 m93.5 m99.5 m

PP&E

16.5 m28.8 m37.7 m43.5 m54 m54.1 m54.6 m54.3 m55.8 m57.9 m78 m76.4 m71.2 m
Annual
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

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)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

(22 m)(12.4 m)(30.6 m)(49.5 m)(14.6 m)(32.9 m)(49.6 m)(13.4 m)(24.4 m)(33 m)(7.7 m)(12.2 m)(13.8 m)

Depreciation and Amortization

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

Accounts Payable

3.9 m(5 k)(2.1 m)(1.3 m)(295 k)1.4 m117 k(3.9 m)(1.3 m)(3.8 m)(899 k)(1.3 m)2.7 m

Cash From Operating Activities

2.3 m
USDY, 2018

Financial Leverage

-10.4 x
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Benefitfocus Operating Metrics

Benefitfocus's Patent Applications was reported to be 5 in FY, 2016. 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 and American Eagle to Share Best Practices on Plan Design for a Millennial Workforce at SHRM Annual Conference

CHICAGO, June 15, 2018 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced Jeff Oldham, Senior Vice President of Global and Institutional Markets at Benefitfocus, will present alongside Tammy...
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Benefitfocus Company Life and Culture

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