OverviewSuggest Edit

Castlight Health offers a health benefits platform that engages employees to make healthcare decisions and enables employers to communicate and measure their benefit programs. Its technology offering aggregates data and applies analytics to make healthcare data transparent; its products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families; its health benefits platform engages external data and its substantial user base to provide a single, end-to-end solution that engages employees through personalized and relevant communications. The Company's offering provides employers the opportunity to communicate, measure, and get value out of their benefits and programs on a real-time basis.
TypePublic
Founded2008
HQSan Francisco, CA, US
Websitecastlighthealth.com
Employee Ratings3.9
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2018)470(-10%)
Job Openings29
Revenue (FY, 2020)$146.7 M(+3%)
Share Price (Jul 2021)$2.2(-1%)

Key People/Management at Castlight Health

Will Bondurant

Will Bondurant

Senior Vice President and Chief Financial Officer
David B. Singer

David B. Singer

Director
Bryan Roberts

Bryan Roberts

Co-Founder and Chairman
Michael Eberhard

Michael Eberhard

Director
Ed Park

Ed Park

Director
David Ebersman

David Ebersman

Director
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Castlight Health Office Locations

Castlight Health has offices in San Francisco and Sunnyvale
San Francisco, CA, US (HQ)
150 Spear St #400, San Francisco
Sunnyvale, CA, US
640 W California Ave #200
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Castlight Health Financials and Metrics

Castlight Health Revenue

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Castlight Health's revenue was reported to be $146.71 m in FY, 2020
USD

Revenue (Q1, 2021)

35.1m

Gross profit (Q1, 2021)

22.3m

Gross profit margin (Q1, 2021), %

63.6%

Net income (Q1, 2021)

(3.0m)

EBIT (Q1, 2021)

(3.1m)

Market capitalization (23-Jul-2021)

345.8m

Closing stock price (23-Jul-2021)

2.2

Cash (31-Mar-2021)

56.5m

EV

301.2m
Castlight Health's current market capitalization is $345.8 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

101.7m131.4m156.4m143.3m146.7m

Revenue growth, %

35%29%19%

Cost of goods sold

34.6m47.2m60.2m59.1m52.0m

Gross profit

67.1m84.2m96.2m84.2m94.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

27.7m32.1m34.6m36.5m37.8m40.0m35.5m35.9m35.5m39.0m34.3m34.1m35.1m

Cost of goods sold

8.2m12.5m13.0m14.9m15.7m14.8m14.1m14.2m14.5m14.5m8.8m8.0m12.8m

Gross profit

19.5m19.6m21.6m21.5m22.1m25.2m21.4m21.7m21.0m24.6m25.5m26.1m22.3m

Gross profit Margin, %

70%61%62%59%58%63%60%61%59%63%74%76%64%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

48.7m61.3m66.0m43.0m49.2m

Accounts Receivable

14.8m20.8m26.8m31.4m31.7m

Prepaid Expenses

4.6m3.8m

Current Assets

141.0m124.5m107.8m95.5m84.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

56.2m62.2m45.0m48.2m44.6m46.9m66.3m50.1m36.0m37.7m44.3m46.8m56.5m

Accounts Receivable

16.5m21.4m26.0m33.1m28.2m30.2m34.7m32.6m35.4m38.1m33.2m30.5m25.0m

Prepaid Expenses

5.3m5.6m4.4m6.8m

Current Assets

132.1m131.8m126.6m111.4m108.4m103.6m105.4m102.0m96.0m87.0m83.1m81.7m88.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(58.5m)(55.6m)(39.7m)(40.0m)(62.2m)

Depreciation and Amortization

3.2m6.6m6.9m5.9m6.5m

Accounts Payable

(1.0m)764.0k5.7m9.3m(13.6m)

Cash From Operating Activities

(37.0m)(23.5m)(18.6m)(17.4m)(5.6m)
USDFY, 2016

Revenue/Employee

266.9k

Financial Leverage

1.5 x
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Castlight Health Operating Metrics

Castlight Health's Backlog was reported to be $156.8m in FY, 2018. Castlight Health's Customers was reported to be 250 in Jun, 2018.
FY, 2015FY, 2016FY, 2017Jun, 2018FY, 2018

Backlog

$219.2 m$197.6 m$336 m$156.8 m

Retention Rate

116%94%104%82%

Customers

250
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Castlight Health Acquisitions / Subsidiaries

Company NameDateDeal Size
JiffJanuary 04, 2017$135 m
Engage Technologies
Jiff inc

Castlight Health Revenue Breakdown

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Castlight Health revenue breakdown by business segment: 8.0% from Professional services and other and 92.0% from Subscription

Castlight Health Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Castlight Health Online and Social Media Presence

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Castlight Health Company Culture

  • Overall Culture

    D+

    64/100

  • CEO Rating

    B-

    69/100

  • Compensation

    C

    65/100

  • Diversity

    C-

    65/100

Learn more on Comparably

Castlight Health News and Updates

Castlight Health Announces Third Quarter 2020 Results

SAN FRANCISCO, Nov. 5, 2020 /PRNewswire/ -- Castlight Health, Inc. (NYSE:CSLT), a leading health benefits platform provider, today announced results for its third quarter ended September 30, 2020. "In the third quarter, we made progress on our strategic priorities, meeting our goal of...

Castlight Health intros new to tool to help plan safe workplace reopenings

Working Well, designed to support evolving clinical protocols, enables contact tracing and can and can be configured to organizations' own specific back-to-work needs.

Castlight Health Announces Key Management Changes

SAN FRANCISCO, July 30, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT) today announced that Maeve O'Meara has been named as the company's CEO and to a seat on its Board of Directors, and that Siobhan Nolan Mangini will serve as the company's President and retain her position of...

Castlight Health Announces Second Quarter 2019 Results

SAN FRANCISCO, July 30, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE:CSLT), a leading health benefits platform provider, today announced results for its second quarter ended June 30, 2019 and updated guidance for full year 2019. The Company also announced today that John Doyle has...

United States Corporate Wellness Services Market Report 2019-2023 with Profiles of Castlight Health, Healthsparq, ClearCost Health, Vitals, Healthcare Bluebook and ComPsych

DUBLIN, July 29, 2019 /PRNewswire/ -- The "The US Corporate Wellness Services Market (2019-2023 Edition)" report has been added to ResearchAndMarkets.com's offering. The US Corporate Wellness Services Market (2019-2023 Edition), provides an in-depth analysis of the US corporate wellness...

Castlight Health to Participate in Upcoming Investor Conferences

SAN FRANCISCO, May 30, 2019 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT), a leading health benefits platform provider, today announced that senior management will present at the following investor conferences: The Jefferies 2019 Healthcare Conference in New York on Wednesday, June...
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Castlight Health Blogs

Skate Where the Puck Is Going—Workforce Strategy Tips from American Eagle Outfitters

As COVID-19 spread throughout the country, employers had to quickly figure out how to best support their populations—from keeping them safe and healthy, to helping nonessential workers transition to remote work, to providing financial security, and more. In addition, the past 15-plus months have sho…

How Healthfirst Achieved a Sevenfold Increase in Health Benefits Engagement

The COVID-19 pandemic has tested employers in unprecedented ways, bringing to light—or further underscoring—many challenges that have gone unnoticed or been pushed aside in lieu of competing priorities. One of these challenges is consistently ensuring that the organization’s health benefits design i…

9 Tips for Prioritizing Behavioral Health in the Workplace

Though mental health issues were prevalent before 2020, the pandemic made things significantly worse. From January to June 2019, 11% of  U.S. adults reported symptoms of anxiety and/or depression. In January 2021, just under a year after the pandemic began, that number jumped to 41% — almost a 300% …

Three Common Myths About COVID-19 Vaccines

In the United States, over 55% of adults are fully vaccinated for COVID-19 and more than 65% have received at least one dose. These are encouraging numbers, especially considering that, six months ago, the vaccination timeline seemed like it would be much longer. Unfortunately, millions remain unvac…

New Study: Castlight Data Shows Link Between Small Social Gatherings and COVID-19 Transmission

Since early 2020, the United States has had almost 34 million cases of COVID-19 — with more than 600,000 deaths due to the virus — despite the precautions many states and communities implemented, such as social distancing, sheltering in place, and prohibitions of large public gatherings. Recently, R…

How Employers Can Promote Vaccine Adoption — Plus 4 Return-to-Work Tips

The rate of new COVID-19 infections in the United States has been steadily decreasing, an encouraging trend that can be at least partially attributed to vaccinations — as of May 2021, more than half of U.S. adults are fully vaccinated. However, according to the Kaiser Family Foundation, about a thir…
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Castlight Health Frequently Asked Questions

  • When was Castlight Health founded?

    Castlight Health was founded in 2008.

  • Who are Castlight Health key executives?

    Castlight Health's key executives are Will Bondurant, David B. Singer and Bryan Roberts.

  • How many employees does Castlight Health have?

    Castlight Health has 470 employees.

  • What is Castlight Health revenue?

    Latest Castlight Health annual revenue is $146.7 m.

  • What is Castlight Health revenue per employee?

    Latest Castlight Health revenue per employee is $312.1 k.

  • Who are Castlight Health competitors?

    Competitors of Castlight Health include Collective Health, Bright Health and Practice Fusion.

  • Where is Castlight Health headquarters?

    Castlight Health headquarters is located at 150 Spear St #400, San Francisco, San Francisco.

  • Where are Castlight Health offices?

    Castlight Health has offices in San Francisco and Sunnyvale.

  • How many offices does Castlight Health have?

    Castlight Health has 2 offices.