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 $33.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

33.1 m

Net income (Q1, 2017)

(3 m)

EBIT (Q1, 2017)

(1 m)

Market capitalization (17-Aug-2017)

91 m

Cash (31-Mar-2017)

27 m
Performant Financial Corporation's current market capitalization is $91 m.
USDFY, 2013FY, 2014FY, 2015FY, 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

57.4 m39.6 m38.6 m41.3 m38.5 m38.3 m38.1 m31.2 m33.1 m

Sales and marketing expense

24.3 m22.2 m23.7 m22.1 m21.7 m21.3 m20.1 m18.7 m20.7 m

Operating expense total

24.3 m22.2 m23.7 m22.1 m21.7 m21.3 m20.1 m18.7 m20.7 m

EBIT

12.8 m1.8 m(4.4 m)3.6 m2.7 m2.6 m4.3 m174 k(1 m)

EBIT margin, %

22%5%(11%)9%7%7%11%1%(3%)

Interest expense

(2.6 m)(2.5 m)(2.4 m)(2.3 m)(2.1 m)(2.4 m)(1.8 m)(1.9 m)(1.6 m)

Pre tax profit

10.2 m(6.7 m)1.3 m544 k153 k2.4 m(1.7 m)

Income tax expense

4.3 m(175 k)(2.3 m)606 k858 k73 k963 k(974 k)325 k

Net Income

12.3 m11.8 m(4.4 m)(3.7 m)(4 m)80 k1.6 m842 k(3 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

Total Liabilities

98.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

81.5 m85 m77.3 m76.1 m78.3 m48.1 m53.2 m48.3 m27 m

Current Assets

110.1 m125.1 m119.8 m114.3 m113.4 m89.1 m92.2 m87.4 m64.3 m

Goodwill

81.6 m81.6 m82.5 m82.5 m82.5 m82.5 m82.5 m82.5 m82.5 m

Total Assets

252 m265.4 m259.4 m252.1 m249 m220.8 m222.3 m216.1 m181.2 m

Accounts Payable

1.4 m2.4 m1.2 m2.2 m2.5 m527 k1.1 m1.1 m974 k

Current Liabilities

42.8 m54.6 m64.9 m58.5 m58.4 m64.1 m63.8 m58 m57.8 m

Additional Paid-in Capital

52.2 m56.1 m58.3 m59.4 m60.3 m62.9 m63.6 m64.5 m66.5 m

Retained Earnings

36.7 m36.2 m29.4 m30.2 m29.8 m32.1 m33.6 m32.9 m17.6 m

Total Equity

89.6 m90.2 m95 m97.2 m97.3 m84.1 m

Financial Leverage

2.8 x2.8 x2.3 x2.3 x2.2 x2.2 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

12.3 m11.8 m(4.4 m)(3.7 m)(4 m)80 k1.6 m842 k(3 m)

Depreciation and Amortization

6 m9.1 m3.5 m6.9 m10.1 m3.4 m6.8 m10.1 m2.8 m

Accounts Receivable

3 m3 m438 k39 k1.3 m4.7 m6.4 m7.7 m(1.3 m)

Accounts Payable

(940 k)59 k(205 k)794 k1.1 m(402 k)195 k152 k346 k

Cash From Operating Activities

21.1 m25.9 m1.5 m12.1 m19 m11.3 m20.7 m20.5 m401 k

Cash From Investing Activities

(5.1 m)(6.7 m)(1.8 m)(3.7 m)(4.4 m)(1.8 m)(3.6 m)(5.5 m)(2.8 m)

Cash From Financing Activities

(16.5 m)(16.1 m)(2.7 m)(12.6 m)(16.7 m)(32.6 m)(35 m)(37.9 m)(3.6 m)

Interest Paid

4.7 m6.9 m2 m4 m5.8 m1.7 m3.3 m4.8 m1.3 m

Income Taxes Paid

10.2 m10.3 m101 k1.8 m
USDY, 2017

Revenue/Employee

27.3 k

Financial Leverage

2.2 x

Performant Financial Corporation Market Value History

Traffic Overview of Performant Financial Corporation

Performant Financial Corporation Company Life and Culture

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