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 Metrics

Performant Financial Corporation Financial Metrics

Revenue (2016)

$141.4 m

Revenue growth (2015-16), %

(11%)

Net income (2016)

($11.5 m)

Market capitalization (21-Mar-2017)

$84.5 m

Closing share price (21-Mar-2017)

$1.6

Cash (31-Dec-2016)

$33 m
Performant Financial Corporation's current market capitalization is $84.5 m.
Performant Financial Corporation's revenue was reported to be $141.4 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$255.3 m$195.4 m$159.4 m$141.4 m

Revenue growth, %

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

Operating expense total

$182.4 m$152.7 m$149.3 m

EBIT

$72.9 m$168.1 m$6.7 m($7.9 m)

EBIT margin, %

29%86%4%(6%)

Interest expense

$11.6 m$8.9 m$7.9 m

Interest income

$1 k$10.2 m

Pre tax profit

$61.3 m$1 k($2.2 m)($15.8 m)

Income tax expense

$25 m$17.1 m($386 k)($4.4 m)

Net Income

$36.3 m$9.4 m($1.8 m)($11.5 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$81.9 m$80.3 m$71.2 m$33 m

Accounts Receivable

Inventories

$4.4 m$12.6 m$12.9 m$12.7 m

Current Assets

$113.9 m$120.9 m$110.3 m$72 m

Goodwill

$81.6 m$82.5 m$82.5 m$82.5 m

Total Assets

$257.3 m$262.8 m$244.7 m$185.1 m

Accounts Payable

$2.4 m$1.4 m$929 k$628 k

Current Liabilities

$45.7 m$55.8 m$54.8 m$51.5 m

Additional Paid-in Capital

$49.8 m$57.3 m$61.8 m$65.7 m

Retained Earnings

$24.4 m$33.8 m$32 m$20.6 m

Total Equity

$93.9 m$86.2 m

Financial Leverage

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

Net Income

$36.3 m$9.4 m($1.8 m)($11.5 m)

Depreciation and Amortization

$10.7 m$12.5 m$13.4 m

Accounts Receivable

$3.4 m$4.6 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 m$27.9 m$16.2 m$17.8 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 m$9 m$7.7 m$6.2 m

Income Taxes Paid

$17.4 m$10.2 m

Performant Financial Corporation Market Value History

Performant Financial Corporation Company Life

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