Benefitfocus (BNFT) stock price, revenue, and financials

Benefitfocus market cap is $351 m, and annual revenue was $268.14 m in FY 2020

$351 M

BNFT Mkt cap, 31-Dec-2021

$60.9 M

Benefitfocus Revenue Q2, 2021
Benefitfocus Gross profit (Q2, 2021)32.9 M
Benefitfocus Gross profit margin (Q2, 2021), %54%
Benefitfocus Net income (Q2, 2021)-15 M
Benefitfocus EBIT (Q2, 2021)-9.5 M
Benefitfocus Cash, 30-Jun-202198.1 M
Benefitfocus EV443 M
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Benefitfocus Revenue

Benefitfocus revenue was $268.14 m in FY, 2020

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Benefitfocus Revenue Breakdown

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Benefitfocus revenue breakdown by business segment: 78.2% from Software Services and 21.8% from Professional Services

Benefitfocus Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

233.3m256.7m258.7m295.7m268.1m

Revenue growth, %

26%10%1%

Cost of goods sold

120.7m124.2m129.3m144.1m129.4m

Gross profit

112.7m132.6m129.4m151.6m138.8m

Gross profit Margin, %

48%52%50%51%52%

Sales and marketing expense

55.5m69.3m78.2m76.0m52.2m

R&D expense

56.6m49.5m47.9m54.7m46.2m

General and administrative expense

32.8m27.3m43.1m45.3m37.7m

Operating expense total

144.8m146.1m169.1m176.1m141.7m

EBIT

(32.2m)(13.5m)(39.7m)(24.5m)(3.0m)

EBIT margin, %

(14%)(5%)(15%)(8%)(1%)

Interest expense

7.9m12.4m13.2m

Interest income

138.0k182.0k250.0k2.6m632.0k

Pre tax profit

(40.0m)(25.9m)(52.6m)(45.5m)(24.3m)

Income tax expense

17.0k15.0k28.0k27.0k22.0k

Net Income

(40.1m)(25.9m)(52.6m)(45.5m)(24.3m)

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Revenue

54.8m57.9m58.0m64.2m63.3m62.5m62.4m60.6m61.0m68.3m68.6m71.7m66.2m62.2m65.1m60.9m

Cost of goods sold

29.3m29.8m29.1m31.6m28.8m30.5m31.4m30.7m31.7m32.9m32.8m35.6m33.9m30.4m28.6m28.0m

Gross profit

25.5m28.1m28.9m32.6m34.5m32.0m31.0m29.9m29.3m35.4m35.8m36.1m32.2m31.8m36.5m32.9m

Gross profit Margin, %

47%49%50%51%54%51%50%49%48%52%52%50%49%51%56%54%

Sales and marketing expense

13.6m14.8m13.6m17.3m17.6m16.2m19.9m18.4m17.7m19.6m19.3m18.5m15.6m11.8m10.9m10.9m

R&D expense

15.0m14.2m14.1m12.2m12.5m12.6m12.0m12.1m10.7m13.1m14.5m14.1m11.8m11.0m10.8m11.1m

General and administrative expense

8.4m8.3m7.7m7.8m5.9m6.9m9.7m10.4m9.3m11.8m11.8m10.8m10.5m9.4m9.9m17.6m

Operating expense total

37.0m37.2m35.4m37.2m36.0m35.6m41.6m40.9m37.6m44.5m45.6m43.4m37.9m37.9m33.0m42.3m

EBIT

(11.5m)(9.1m)(6.5m)(4.6m)(1.5m)(3.6m)(10.7m)(11.1m)(8.3m)(9.1m)(9.8m)(7.3m)(5.7m)(6.1m)3.5m(9.5m)

EBIT margin, %

(21%)(16%)(11%)(7%)(2%)(6%)(17%)(18%)(14%)(13%)(14%)(10%)(9%)(10%)5%(16%)

Interest expense

1.9m1.9m2.0m2.9m3.1m3.1m3.2m3.3m3.3m5.8m5.8m5.9m5.9m5.9m5.6m5.6m

Interest income

56.0k36.0k25.0k27.0k47.0k55.0k58.0k68.0k73.0k660.0k762.0k673.0k426.0k97.0k57.0k54.0k

Pre tax profit

(13.3m)(11.0m)(8.6m)(7.7m)(4.5m)(6.7m)(13.8m)(14.3m)(11.6m)(14.2m)(14.9m)(12.6m)(11.1m)(11.9m)(2.1m)(15.0m)

Income tax expense

5.0k5.0k5.0k5.0k5.0k4.0k5.0k13.0k6.0k3.0k17.0k5.0k6.0k42.0k41.0k

Net Income

(13.4m)(11.0m)(8.6m)(7.7m)(4.5m)(6.7m)(13.8m)(14.3m)(11.6m)(14.2m)(14.9m)(12.6m)(11.1m)(11.9m)(2.1m)(15.0m)

Benefitfocus Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

56.9m55.3m190.9m131.0m90.7m

Accounts Receivable

28.3m30.2m21.1m33.8m22.2m

Prepaid Expenses

4.4m4.3m

Current Assets

96.3m89.8m228.7m186.3m229.4m

PP&E

80.5m72.7m70.0m28.7m29.7m

Goodwill

1.6m1.6m1.6m12.9m12.9m

Total Assets

180.4m165.1m313.9m331.7m362.4m

Accounts Payable

5.8m4.3m8.7m9.6m2.2m

Short-term debt

22.6m27.4m4.5m

Current Liabilities

92.1m93.9m78.4m75.6m61.3m

Long-term debt

78.2m87.8m233.8m187.9m184.3m

Total Debt

100.8m115.3m238.3m187.9m184.3m

Total Liabilities

213.7m204.4m324.1m357.3m331.8m

Common Stock

30.0k31.0k32.0k33.0k32.0k

Preferred Stock

79.2m

Additional Paid-in Capital

335.1m355.3m403.6m426.0m427.4m

Retained Earnings

(368.4m)(394.7m)(413.9m)(451.7m)(476.1m)

Total Equity

(33.3m)(39.3m)(10.2m)(25.6m)(48.6m)

Debt to Equity Ratio

-3 x-2.9 x-23.3 x-7.3 x

Debt to Assets Ratio

0.6 x0.7 x0.8 x0.6 x

Financial Leverage

-5.4 x-4.2 x-30.7 x-12.9 x-7.5 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Cash

22.3m56.9m50.8m57.7m59.4m54.6m54.8m53.3m51.1m144.2m138.4m130.7m114.7m183.5m94.0m98.1m

Accounts Receivable

31.1m28.4m27.5m23.9m27.0m33.3m29.7m26.8m27.6m28.2m32.4m34.7m33.5m29.9m24.5m20.9m

Prepaid Expenses

6.8m6.1m5.6m5.8m6.2m5.4m

Current Assets

78.1m105.4m92.0m90.8m93.5m93.3m99.5m93.8m89.5m191.4m187.9m180.7m169.4m231.2m234.1m232.9m

PP&E

54.3m55.8m57.9m78.0m76.4m75.0m71.2m71.4m70.2m27.3m28.8m28.7m31.5m31.4m28.0m27.0m

Goodwill

1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m1.6m12.3m12.9m12.9m12.9m12.9m12.9m12.9m

Total Assets

136.0m164.8m153.4m172.0m173.0m171.2m187.8m181.3m175.1m341.0m335.2m328.1m313.6m372.2m361.7m352.3m

Accounts Payable

3.9m7.4m4.2m5.0m5.1m1.4m5.6m845.0k6.9m4.8m6.6m8.6m6.3m6.6m6.6m3.6m

Short-term debt

3.6m36.9m17.0m17.2m23.2m31.4m27.7m32.4m4.1m6.8m6.2m

Current Liabilities

68.5m105.6m87.7m72.6m83.9m86.4m91.3m96.1m102.5m72.2m74.4m73.4m67.5m61.8m60.7m61.3m

Long-term debt

37.1m38.3m53.3m91.4m88.9m88.4m95.0m96.0m95.9m268.5m270.2k185.1m200.9m193.8m187.2m190.1m

Total Debt

40.7m75.2m70.3m108.5m112.1m119.8m122.7m128.4m100.1m275.3m6.5m185.1m200.9m193.8m187.2m190.1m

Total Liabilities

162.6m196.5m188.8m206.2m208.1m208.2m205.7m208.8m210.7m351.4m354.3m355.2m356.1m344.6m333.1m335.8m

Common Stock

29.0k30.0k30.0k30.0k31.0k31.0k31.0k32.0k32.0k32.0k33.0k33.0k32.0k32.0k33.0k33.0k

Preferred Stock

79.2m79.2m79.2m

Additional Paid-in Capital

315.0m320.9m325.8m342.3m345.9m350.7m357.0m361.8m365.3m410.0m416.2m420.8m420.4m423.1m427.5m430.5m

Retained Earnings

(341.7m)(352.7m)(361.3m)(376.5m)(381.0m)(387.7m)(375.0m)(389.3m)(400.9m)(420.4m)(435.3m)(447.9m)(462.9m)(474.8m)(478.2m)(493.2m)

Total Equity

(26.7m)(31.8m)(35.4m)(34.2m)(35.1m)(37.0m)(18.0m)(27.5m)(35.6m)(10.4m)(19.1m)(27.1m)(42.5m)(51.6m)(50.6m)(62.7m)

Debt to Equity Ratio

-1.5 x-2.4 x-2 x-3.2 x-3.2 x-3.2 x-6.8 x-4.7 x-2.8 x-26.5 x-0.3 x-4.7 x

Debt to Assets Ratio

0.3 x0.5 x0.5 x0.6 x0.6 x0.7 x0.7 x0.7 x0.6 x0.8 x0 x0.6 x

Financial Leverage

-5.1 x-5.2 x-4.3 x-5 x-4.9 x-4.6 x-10.4 x-6.6 x-4.9 x-32.8 x-17.6 x-12.1 x-7.4 x-7.2 x-7.1 x-5.6 x

Benefitfocus Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(40.1m)(25.9m)(52.6m)(45.5m)(24.3m)

Depreciation and Amortization

13.1m15.9m15.8m22.4m25.0m

Accounts Receivable

(3.9m)2.7m8.7m(11.9m)11.4m

Accounts Payable

(1.8m)(1.4m)6.6m426.0k(11.5m)

Cash From Operating Activities

(22.8m)(5.9m)9.0m(18.4m)27.7m

Purchases of PP&E

(12.7m)(8.3m)(8.3m)(13.2m)(13.1m)

Cash From Investing Activities

25.5m(6.3m)(8.3m)(34.2m)(108.2m)

Short-term Borrowings

(10.0m)

Long-term Borrowings

(84.2m)(98.0m)(181.8m)(7.5m)(11.4m)

Cash From Financing Activities

6.1m10.7m134.9m(7.4m)40.3m

Net Change in Cash

8.8m(1.5m)135.6m(60.0m)(40.3m)

Interest Paid

6.7m10.9m11.9m12.4m11.4m

Income Taxes Paid

7.0k14.0k28.0k28.0k22.0k

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Net Income

(13.4m)(24.4m)(33.0m)(7.7m)(12.2m)(18.9m)(13.8m)(28.1m)(39.7m)(14.2m)(29.1m)(41.7m)(11.1m)(23.0m)(2.1m)(17.1m)

Depreciation and Amortization

3.0m6.3m9.6m4.0m7.9m11.8m3.9m8.0m11.9m5.3m10.9m16.6m5.9m12.1m6.4m12.5m

Accounts Receivable

(3.6m)(1.6m)(1.7m)5.7m5.0m(508.0k)54.0k3.0m2.1m(6.5m)(10.7m)(12.8m)189.0k3.7m(2.3m)1.4m

Accounts Payable

(3.9m)(1.3m)(3.8m)(899.0k)(1.3m)(4.3m)2.7m(1.1m)4.4m(4.9m)(4.1m)(642.0k)(1.6m)(7.3m)5.8m3.5m

Cash From Operating Activities

(19.8m)(20.2m)(20.9m)(7.4m)(6.4m)(15.1m)(3.7m)(4.8m)(4.0m)(20.5m)(20.5m)(23.5m)(7.2m)(2.1m)8.8m17.9m

Purchases of PP&E

(2.6m)(5.0m)(10.9m)(2.1m)(3.8m)(6.2m)(1.6m)(3.6m)(5.9m)(3.0m)(7.4m)(10.6m)(3.8m)(7.1m)(1.9m)(4.5m)

Cash From Investing Activities

21.9m24.3m24.9m(103.0k)(1.8m)(4.2m)(1.6m)(3.6m)(5.9m)(24.0m)(28.3m)(31.5m)(3.8m)(7.1m)(1.7m)(4.9m)

Short-term Borrowings

(10.0m)

Long-term Borrowings

(27.9m)(30.6m)(67.2m)(22.1m)(45.4m)(67.6m)(26.4m)(53.0m)(91.9m)(2.0m)(3.5m)(5.1m)(5.6m)(7.6m)(2.0m)

Dividends Paid

(462.0k)(1.6m)(3.2m)

Cash From Financing Activities

(27.9m)4.8m(1.3m)8.3m10.8m16.9m4.8m6.3m5.6m(2.3m)(3.8m)(5.2m)(5.3m)61.7m(3.7m)(5.7m)

Net Change in Cash

(25.8m)8.9m2.7m818.0k2.5m(2.3m)(550.0k)(2.0m)(4.3m)(46.8m)(52.5m)(60.2m)(16.3m)52.5m3.3m7.4m

Benefitfocus Ratios

USDQ1, 2016

Debt/Equity

-1.5 x

Debt/Assets

0.3 x

Financial Leverage

-5.1 x

Benefitfocus Operating Metrics

Benefitfocus's Customers was reported to be 957 in Q3, 2017. Benefitfocus's Connections was reported to be 2.2 k in FY, 2018.
Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Customers

795856880886906946957

Connections

1.5 k1.5 k2.2 k

Patents Issued

588

Patent Applications

522

Annual Revenue Retention Rate

95%95%95%

Carrier Customers

5455565657

Employer Customers

9159489971.01 k1.02 k

Net Benefit Eligible Lives

$13.3 m$15.5 m$16.5 m

Benefitfocus Employee Rating

3923 votes
Culture & Values
2.7
Work/Life Balance
2.7
Senior Management
2.1
Salary & Benefits
2.7
Career Opportunities
2.5
Source