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 Financials and Metrics

Performant Financial Corporation Financials

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

Revenue (Q2, 2017)

35.9 m

Net income (Q2, 2017)

(2.4 m)

EBIT (Q2, 2017)

(625 k)

Market capitalization (13-Dec-2017)

90.5 m

Cash (30-Jun-2017)

21.3 m
Performant Financial Corporation's current market capitalization is $90.5 m.
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%)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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 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 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 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)
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

69.6 m90.7 m81.5 m85 m77.3 m76.1 m78.3 m48.1 m53.2 m48.3 m27 m21.3 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 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 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 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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)

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 m

Accounts Receivable

(7.5 m)2.7 m3 m3 m438 k39 k1.3 m4.7 m6.4 m7.7 m(1.3 m)217 k

Accounts Payable

396 k(883 k)(940 k)59 k(205 k)794 k1.1 m(402 k)195 k152 k346 k87 k
Y, 2017

Financial Leverage

2 x
Show all financial metrics

Performant Financial Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016

Locations

666
Show all operating metrics

Performant Financial Corporation Market Value History

Performant Financial Corporation's Web-traffic and Trends

Performant Financial Corporation Company Life and Culture

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