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Performant (PFMT) | Financial Analysis & Statements

Performant Healthcare Inc. | Small-cap | Healthcare

$7.68

-0.13%

Performant vs Veeva Systems Performant vs Ge Healthcare Performant vs Certara Performant vs 10x Genomics Performant vs Omnicell Performant 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 31.5M

Operating Income -2.1M -6.82%

Net Income -2.4M -7.56%

EPS (Diluted) $-0.03

Balance Sheet Metrics

Total Assets 101.8M

Total Liabilities 26.6M

Shareholders Equity 75.2M

Debt to Equity 0.35

Cash Flow Metrics

Operating Cash Flow -1.3M

Free Cash Flow -2.5M

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.

Performant Income Statement From 2019 to 2023

Metric	2023	2022	2021	2020	2019
Revenue i	113.7M	109.2M	124.4M	155.9M	150.4M
Cost of Goods Sold i	-	-	-	100.7M	115.2M
Gross Profit i	-	-	-	55.3M	35.2M
Gross Margin % i	0.0%	0.0%	0.0%	35.5%	23.4%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	90.4M	85.3M	87.4M	100.7M	115.2M
Other Operating Expenses i	29.4M	30.8M	38.3M	42.2M	47.7M
Total Operating Expenses i	119.9M	116.1M	125.7M	142.9M	162.9M
Operating Income i	-6.1M	-6.9M	-1.3M	13.0M	-12.4M
Operating Margin % i	-5.4%	-6.3%	-1.1%	8.4%	-8.3%
Non-Operating Items
Interest Income i	240.0K	0	0	21.0K	41.0K
Interest Expense i	2.0M	1.0M	11.3M	7.2M	7.6M
Other Non-Operating Income	3.0K	1.5M	2.4M	-27.0M	-7.2M
Pre-tax Income i	-7.9M	-6.4M	-10.2M	-21.2M	-27.2M
Income Tax i	-340.0K	132.0K	62.0K	-7.2M	-377.0K
Effective Tax Rate % i	0.0%	0.0%	0.0%	0.0%	0.0%
Net Income i	-7.5M	-6.5M	-10.3M	-14.0M	-26.8M
Net Margin % i	-6.6%	-6.0%	-8.3%	-9.0%	-17.8%
Key Metrics
EBITDA i	825.0K	-1.2M	5.7M	20.1M	-1.3M
EPS (Basic) i	$-0.10	$-0.09	$-0.17	$-0.26	$-0.50
EPS (Diluted) i	$-0.10	$-0.09	$-0.17	$-0.26	$-0.50
Basic Shares Outstanding i	76156000	72937000	60461000	54414000	53468000
Diluted Shares Outstanding i	76156000	72937000	60461000	54414000	53468000

Income Statement Trend

Performant Balance Sheet From 2019 to 2023

Metric	2023	2022	2021	2020	2019
Assets
Current Assets
Cash & Equivalents i	7.3M	23.4M	17.3M	16.0M	3.4M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	17.6M	15.8M	20.8M	23.2M	27.2M
Inventory i	-	-	-	-	-
Other Current Assets	3.7M	3.7M	3.1M	3.8M	3.3M
Total Current Assets i	39.8M	57.5M	54.7M	54.5M	37.0M
Non-Current Assets
Property, Plant & Equipment i	531.0K	2.1M	3.2M	5.0M	6.8M
Goodwill i	94.7M	94.7M	94.7M	95.4M	149.7M
Intangible Assets i	-	-	-	689.0K	925.0K
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	2.3M	1.0M	963.0K	1.1M	975.0K
Total Non-Current Assets i	59.2M	61.3M	67.3M	71.7M	101.9M
Total Assets i	99.0M	118.8M	122.0M	126.2M	138.9M
Liabilities
Current Liabilities
Accounts Payable i	727.0K	1.3M	1.1M	407.0K	2.5M
Short-term Debt i	250.0K	2.2M	2.4M	62.3M	6.1M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	3.0M	3.4M	4.9M	4.9M	4.6M
Total Current Liabilities i	12.4M	14.2M	17.5M	77.2M	19.4M
Non-Current Liabilities
Long-term Debt i	5.3M	19.3M	20.9M	3.4M	63.5M
Deferred Tax Liabilities i	-	-	-	-	35.0K
Other Non-Current Liabilities	648.0K	881.0K	1.2M	3.6M	1.8M
Total Non-Current Liabilities i	5.9M	20.1M	22.1M	7.0M	65.8M
Total Liabilities i	18.3M	34.3M	39.6M	84.2M	85.2M
Equity
Common Stock i	8.0K	7.0K	7.0K	5.0K	5.0K
Retained Earnings i	-65.3M	-57.8M	-51.2M	-41.0M	-27.0M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	80.7M	84.5M	82.4M	42.0M	53.6M
Key Metrics
Total Debt i	5.5M	21.5M	23.2M	65.7M	69.6M
Working Capital i	27.4M	43.3M	37.2M	-22.7M	17.6M

Balance Sheet Composition

Performant Cash Flow Statement From 2019 to 2023

Metric	2023	2022	2021	2020	2019
Operating Activities
Net Income i	-7.5M	-6.5M	-10.3M	-14.0M	-26.8M
Depreciation & Amortization i	6.7M	5.7M	7.0M	7.0M	11.1M
Stock-Based Compensation i	3.9M	3.0M	2.6M	2.6M	2.3M
Working Capital Changes i	-1.3M	-1.6M	-4.1M	-5.3M	-9.7M
Operating Cash Flow i	2.2M	710.0K	-1.2M	-8.5M	-23.1M
Investing Activities
Capital Expenditures i	-4.1M	1.3M	-3.4M	-3.8M	-4.9M
Acquisitions i	-	-	-	-	-
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-4.1M	1.7M	-270.0K	-3.8M	-4.9M
Financing Activities
Share Repurchases i	-	-	-	-	-
Dividends Paid i	-	-	-	-	-
Debt Issuance i	5.0M	0	20.0M	0	21.0M
Debt Repayment i	-19.5M	-500.0K	-60.9M	-3.4M	-2.5M
Financing Cash Flow i	-15.9M	-502.0K	567.0K	-3.7M	18.0M
Free Cash Flow i	-283.0K	-6.5M	-2.5M	17.0M	-20.3M
Net Change in Cash i	-17.8M	1.9M	-861.0K	-16.0M	-10.0M

Cash Flow Trend

Performant Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -76.80

Forward P/E 118.67

Price to Book 7.94

Price to Sales 5.19

PEG Ratio -0.38

Profitability Ratios

Operating Margin -5.17%

Return on Equity -9.32%

Return on Assets -7.59%

Financial Health

Current Ratio 2.67

Debt to Equity 0.12

Per Share Data

EPS (TTM) $-0.10

Book Value per Share $0.97

Revenue per Share $1.49

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
pfmt	590.7M	-76.80	7.94	-9.32%	0.00%	0.12
Veeva Systems	45.3B	56.76	6.82	13.70%	27.29%	1.29
Ge Healthcare	34.9B	15.66	3.59	25.80%	11.22%	107.67
Certara	1.8B	226.40	1.70	0.75%	1.97%	29.00
10x Genomics	1.6B	-8.32	2.03	-11.30%	-13.13%	11.22
Omnicell	1.5B	63.66	1.17	1.87%	2.01%	30.42

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