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FlexShopper (FPAY) | Financial Analysis & Statements

FlexShopper Inc. | Micro-cap | Industrials

$0.37

13.58%

FlexShopper vs United Rentals FlexShopper vs Aercap Holdings N.V FlexShopper vs Alta Equipment FlexShopper vs Multi Ways Holdings FlexShopper vs Zoomcar Holdings FlexShopper vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Sep 2024

Income Metrics

Revenue 38.6M

Gross Profit 22.5M 58.31%

Operating Income 11.3M 29.33%

Net Income 2.4M 6.13%

EPS (Diluted) $0.05

Balance Sheet Metrics

Total Assets 187.3M

Total Liabilities 157.5M

Shareholders Equity 29.8M

Debt to Equity 5.28

Cash Flow Metrics

Operating Cash Flow -15.9M

Free Cash Flow -9.6M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

FlexShopper Income Statement From 2019 to 2023

Metric	2023	2022	2021	2020	2019
Revenue i	117.0M	113.1M	125.4M	102.1M	88.8M
Cost of Goods Sold i	6.0M	3.4M	79.2M	66.7M	60.2M
Gross Profit i	111.0M	109.7M	46.2M	35.4M	28.6M
Gross Margin % i	94.9%	97.0%	36.9%	34.6%	32.2%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	20.1M	22.0M	27.5M	20.9M	14.0M
Other Operating Expenses i	24.5M	21.4M	2.7M	3.9M	3.8M
Total Operating Expenses i	44.7M	43.4M	30.2M	24.7M	17.8M
Operating Income i	10.0M	-6.3M	13.2M	8.4M	8.6M
Operating Margin % i	8.6%	-5.6%	10.5%	8.2%	9.7%
Non-Operating Items
Interest Income i	-	-	-	-	-
Interest Expense i	18.9M	11.2M	8.6M	6.2M	6.0M
Other Non-Operating Income	3.7M	14.5M	1.9M	-	-
Pre-tax Income i	-5.2M	-3.0M	4.1M	323.2K	793.8K
Income Tax i	-989.8K	-16.6M	785.3K	663.0K	216.4K
Effective Tax Rate % i	0.0%	0.0%	19.4%	205.2%	27.3%
Net Income i	-4.2M	13.6M	3.3M	-339.9K	577.4K
Net Margin % i	-3.6%	12.1%	2.6%	-0.3%	0.7%
Key Metrics
EBITDA i	74.2M	71.0M	92.2M	72.1M	65.0M
EPS (Basic) i	$-0.34	$0.41	$0.04	$-0.15	$-0.10
EPS (Diluted) i	$-0.34	$0.40	$0.04	$-0.15	$-0.10
Basic Shares Outstanding i	23964704	23900104	23614216	23180738	19511636
Diluted Shares Outstanding i	23964704	23900104	23614216	23180738	19511636

Income Statement Trend

FlexShopper Balance Sheet From 2019 to 2023

Metric	2023	2022	2021	2020	2019
Assets
Current Assets
Cash & Equivalents i	4.4M	6.1M	5.0M	8.5M	6.9M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	44.8M	35.5M	25.5M	10.0M	8.3M
Inventory i	29.1M	31.6M	40.9M	42.8M	31.1M
Other Current Assets	3.3M	3.5M	1.8M	869.1K	672.2K
Total Current Assets i	117.4M	109.7M	76.9M	62.3M	46.9M
Non-Current Assets
Property, Plant & Equipment i	1.2M	1.4M	1.6M	1.7M	1.9M
Goodwill i	13.4M	15.2M	5.0K	-	-
Intangible Assets i	13.4M	15.2M	5.0K	-	-
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	15.1M	13.9M	870.1K	72.3K	78.3K
Total Non-Current Assets i	39.1M	38.6M	7.9M	6.0M	5.3M
Total Assets i	156.5M	148.3M	84.8M	68.2M	52.2M
Liabilities
Current Liabilities
Accounts Payable i	7.1M	6.5M	8.0M	7.9M	4.6M
Short-term Debt i	443.7K	1.4M	1.2M	6.2M	1.1M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	12.1M	12.2M	12.6M	17.1M	7.5M
Non-Current Liabilities
Long-term Debt i	115.1M	96.3M	55.6M	39.8M	34.7M
Deferred Tax Liabilities i	-	0	495.2K	0	-
Other Non-Current Liabilities	-	-	-	-	-
Total Non-Current Liabilities i	115.1M	105.0M	56.1M	40.0M	34.7M
Total Liabilities i	127.3M	117.3M	68.7M	57.1M	42.2M
Equity
Common Stock i	2.2K	2.2K	2.1K	2.1K	1.8K
Retained Earnings i	-35.8M	-31.6M	-45.2M	-48.5M	-48.2M
Treasury Stock i	166.8K	0	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	29.2M	31.0M	16.1M	11.2M	10.0M
Key Metrics
Total Debt i	115.6M	97.7M	56.8M	46.0M	35.8M
Working Capital i	105.3M	97.5M	64.3M	45.2M	39.3M

Balance Sheet Composition

FlexShopper Cash Flow Statement From 2019 to 2023

Metric	2023	2022	2021	2020	2019
Operating Activities
Net Income i	-4.2M	13.6M	3.3M	-339.9K	577.4K
Depreciation & Amortization i	64.2M	77.3M	81.5M	65.6M	58.3M
Stock-Based Compensation i	1.7M	997.8K	1.6M	1.4M	723.4K
Working Capital Changes i	-97.4M	-158.3M	-136.7M	-105.2M	-97.6M
Operating Cash Flow i	-49.8M	-88.1M	-49.7M	-38.3M	-35.3M
Investing Activities
Capital Expenditures i	-6.3M	-6.5M	-4.1M	-3.1M	-2.2M
Acquisitions i	0	2.9M	0	-	-
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-7.6M	-5.2M	-4.9M	-3.1M	-2.2M
Financing Activities
Share Repurchases i	-166.8K	0	-	-	-
Dividends Paid i	-	-	-	-	-
Debt Issuance i	18.0M	43.5M	19.8M	16.9M	15.8M
Debt Repayment i	-5.3M	-5.8M	-6.6M	-7.0M	-12.3M
Financing Cash Flow i	12.5M	37.3M	12.7M	9.8M	3.3M
Free Cash Flow i	-13.0M	-37.7M	-15.3M	-8.3M	-2.7M
Net Change in Cash i	-44.9M	-56.0M	-42.0M	-31.5M	-34.2M

Cash Flow Trend

FlexShopper Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 1.93

Forward P/E -2.58

Price to Book 0.80

Price to Sales 0.06

PEG Ratio 0.00

Profitability Ratios

Profit Margin -0.13%

Operating Margin 18.21%

Return on Equity -0.58%

Return on Assets 8.83%

Financial Health

Current Ratio 7.10

Debt to Equity 492.74

Beta 1.08

Per Share Data

EPS (TTM) $-0.20

Book Value per Share $0.42

Revenue per Share $6.49

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
fpay	10.1M	1.93	0.80	-0.58%	-0.13%	492.74
United Rentals	63.3B	25.38	7.00	29.30%	16.11%	159.99
Aercap Holdings N.V	22.4B	7.84	1.22	16.87%	36.93%	257.71
Alta Equipment	211.5M	49.17	4.82	-77.23%	-3.53%	2,730.52
Multi Ways Holdings	12.3M	1.30	0.48	-13.62%	-9.19%	181.26
Zoomcar Holdings	3.3M	0.00	-0.29	101.74%	-233.89%	-0.39

Financial data is updated regularly. All figures are in the company's reporting currency.