Performant Financial Corporation

The Company's services help identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients' recovery processes. The Company derives its revenues from services for clients in a variety of different markets. These markets include its two markets, student lending and healthcare, as well as other markets, which include delinquent state taxes and federal Treasury, and other receivables. Its data analytics capabilities screen and allocate volumes of recovery inventory. In the healthcare market, it analyzes Medicare claims to find correlations between claims data and improper payments. The Company utilizes its analytics tools to test workflow processes in real-time.
Company Growth (employees)
Type
Public
HQ
Livermore, US
Founded
1976
Size (employees)
1,211 (est)
Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, US

Performant Financial Corporation Office Locations

Performant Financial Corporation has an office in Livermore
Livermore, US (HQ)
100 333 N Canyons Pkwy

Performant Financial Corporation Data and Metrics

Performant Financial Corporation Financial Metrics

Performant Financial Corporation's revenue was reported to be $141.4 m in 2016
$, USD

Revenue (Y, 2016)

141.4 m

Revenue growth (Y, 2015 - Y, 2016), %

(11%)

Net income (Y, 2016)

(11.5 m)

EBIT (Y, 2016)

(7.9 m)

Market capitalization (23-Jun-2017)

90.9 m

Closing share price (23-Jun-2017)

1.8

Cash (31-Dec-2016)

33 m
Performant Financial Corporation's current market capitalization is $90.9 m.
$, USDFY, 2013FY, 2014FY, 2015Y, 2016

Revenue

255.3 m195.4 m159.4 m141.4 m

Revenue growth, %

(23%)(18%)(11%)

Operating expense total

182.4 m152.7 m149.3 m

EBIT

72.9 m168.1 m6.7 m(7.9 m)

EBIT margin, %

29%86%4%(6%)

Interest expense

11.6 m8.9 m7.9 m

Interest income

1 k10.2 m

Pre tax profit

61.3 m1 k(2.2 m)(15.8 m)

Income tax expense

25 m17.1 m(386 k)(4.4 m)

Net Income

36.3 m9.4 m(1.8 m)(11.5 m)
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

81.9 m80.3 m71.2 m33 m

Inventories

4.4 m12.6 m12.9 m12.7 m

Current Assets

113.9 m120.9 m110.3 m72 m

Goodwill

81.6 m82.5 m82.5 m82.5 m

Total Assets

257.3 m262.8 m244.7 m185.1 m

Accounts Payable

2.4 m1.4 m929 k628 k

Current Liabilities

45.7 m55.8 m54.8 m51.5 m

Additional Paid-in Capital

49.8 m57.3 m61.8 m65.7 m

Retained Earnings

24.4 m33.8 m32 m20.6 m

Total Equity

93.9 m86.2 m

Financial Leverage

2.6 x2.1 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

36.3 m9.4 m(1.8 m)(11.5 m)

Depreciation and Amortization

10.7 m12.5 m13.4 m

Accounts Receivable

3.4 m4.6 m(2.9 m)6.5 m

Inventories

(1.5 m)(8.2 m)(374 k)247 k

Accounts Payable

980 k(1 m)(441 k)(301 k)

Cash From Operating Activities

61.2 m27.9 m16.2 m17.8 m

Cash From Investing Activities

(12.5 m)(10.1 m)(6.6 m)(7.9 m)

Cash From Financing Activities

(4.6 m)(19.3 m)(18.7 m)(48.1 m)

Interest Paid

10.3 m9 m7.7 m6.2 m

Income Taxes Paid

17.4 m10.2 m
Y, 2016

Financial Leverage

2.1 x

Performant Financial Corporation Market Value History

Performant Financial Corporation Company Life and Culture

You may also be interested in