Performant Financial Corporation provides technology-enabled recovery and related analytics services. Its services help identify and recover delinquent or defaulted assets and improper payments for government and private clients in various markets. The Company offers recovery services to guaranty agencies and private institutions, and audit and recovery services to identify improper healthcare payments for public and private healthcare clients. It also provides tax recovery services to state and municipal agencies, as well as financial institutions, and risk management advisory services that enable clients to proactively manage loan portfolios and reduce the incidence of defaulted loan assets over time.

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
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Performant Financial Corporation Office Locations

Performant Financial Corporation has an office in Livermore
Livermore, US (HQ)
333 North Canyons Pkwy, Suite 100
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Performant Financial Corporation Financials and Metrics

Performant Financial Corporation Financials

Performant Financial Corporation's revenue was reported to be $141.36 m in FY, 2016 which is a 11.3% decrease from the previous period.
USD

Revenue (Q1, 2018)

57 m

Net income (Q1, 2018)

8.5 m

EBIT (Q1, 2018)

12.2 m

Market capitalization (23-May-2018)

113.8 m

Closing share price (23-May-2018)

2.2

Cash (31-Mar-2018)

8.7 m
Performant Financial Corporation's current market capitalization is $113.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

255.3 m195.4 m159.4 m141.4 m

Revenue growth, %

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

EBIT

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

EBIT margin, %

29%86%4%(6%)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

76.8 m58.6 m57.4 m39.6 m38.6 m41.3 m38.5 m38.3 m38.1 m31.2 m33.1 m35.9 m57 m

Sales and marketing expense

25.1 m24.8 m24.3 m22.2 m23.7 m22.1 m21.7 m21.3 m20.1 m18.7 m20.7 m20.5 m21.8 m

Operating expense total

48.6 m45.1 m44.7 m37.8 m42.9 m37.7 m35.8 m35.7 m33.8 m31 m34.1 m36.5 m44.8 m

EBIT

28.2 m13.6 m12.8 m1.8 m(4.4 m)3.6 m2.7 m2.6 m4.3 m174 k(1 m)(625 k)12.2 m
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

69.6 m90.7 m81.5 m85 m77.3 m76.1 m78.3 m48.1 m53.2 m48.3 m27 m21.3 m8.7 m

Current Assets

110.3 m120.3 m110.1 m125.1 m119.8 m114.3 m113.4 m89.1 m92.2 m87.4 m64.3 m55.7 m37.2 m

Goodwill

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

Total Assets

253.3 m263.2 m252 m265.4 m259.4 m252.1 m249 m220.8 m222.3 m216.1 m181.2 m169.8 m146.3 m
Annual
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

Inventories

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

Accounts Payable

980 k(1 m)(441 k)(301 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

28.5 m6.3 m12.3 m11.8 m(4.4 m)(3.7 m)(4 m)80 k1.6 m842 k(3 m)(5.4 m)8.5 m

Depreciation and Amortization

7.8 m2.9 m6 m9.1 m3.5 m6.9 m10.1 m3.4 m6.8 m10.1 m2.8 m5.7 m2.6 m

Accounts Payable

396 k(883 k)(940 k)59 k(205 k)794 k1.1 m(402 k)195 k152 k346 k87 k(80 k)

Cash From Operating Activities

42.6 m14.3 m21.1 m25.9 m1.5 m12.1 m19 m11.3 m20.7 m20.5 m401 k2.9 m(9.8 m)
USDY, 2018

Financial Leverage

1.6 x
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Performant Financial Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

6 6 6
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