PHLT
Company Description
Performant Healthcare, Inc. provides technology-enabled payment integrity, eligibility, and related analytics services. It supports healthcare payers in identifying, preventing, and recovering waste and improper payments through advanced technology, analytics, and proprietary data assets. The company offers coordination-of-benefits services, as well as claims-based services, which includes the audit and identification of improperly paid claims. It also provides advanced reporting capabilities, support services, customer care, and stakeholder training programs to mitigate future instances of improper payments. The company was formerly known as Performant Financial Corporation and changed its name to Performant Healthcare, Inc. in December 2024. Performant Healthcare, Inc. was founded in 1976 and is headquartered in Plantation, Florida.
Track Record
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 122.98M | 113.74M | 109.18M | 124.39M | 155.94M | 150.43M | 155.67M | 132.05M | 141.36M | 159.38M | 195.38M | 255.30M |
| Net Income | (9.89M) | (7.52M) | (6.54M) | (10.29M) | (13.99M) | (26.82M) | (8.01M) | (12.73M) | (11.45M) | (1.79M) | 9.40M | 36.34M |
| EPS | -0.13 | -0.10 | -0.09 | -0.17 | -0.26 | -0.50 | -0.15 | -0.25 | -0.23 | -0.04 | 0.19 | 0.77 |
| Free Cash Flow | (832,000) | (283,000) | (6.46M) | (2.50M) | 17.02M | (20.28M) | (19.79M) | (4.29M) | 9.92M | 8.28M | N/A | N/A |
| FCF / Share | -0.01 | -0.00 | -0.09 | -0.04 | 0.31 | -0.38 | -0.38 | -0.08 | 0.20 | 0.17 | N/A | N/A |
| Operating CF | 6.18M | 3.86M | (2.88M) | 916,000 | 20.81M | (15.42M) | (12.15M) | 2.97M | 17.78M | 16.17M | N/A | N/A |
| Total Assets | 101.77M | 99.03M | 118.83M | 121.98M | 126.23M | 138.87M | 137.76M | 164.44M | 185.08M | 242.54M | N/A | N/A |
| Total Debt | 8.85M | 5.54M | 21.47M | 23.24M | 65.73M | 69.64M | 43.33M | 40.58M | 53.62M | 92.14M | N/A | N/A |
| Cash & Equiv | 9.29M | 7.25M | 23.38M | 17.35M | 16.04M | 3.37M | 5.46M | 21.73M | 32.98M | 71.18M | N/A | N/A |
| Book Value | 76.50M | 80.71M | 84.48M | 82.42M | 41.98M | 53.62M | 77.23M | 80.33M | 86.25M | 93.86M | N/A | N/A |
| Return on Equity | -0.13 | -0.09 | -0.08 | -0.12 | -0.33 | -0.50 | -0.10 | -0.16 | -0.13 | -0.02 | N/A | N/A |
| Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.80M | 33.27M | 34.77M | 31.52M | 29.36M | 27.33M | 32.57M | 29.96M | 25.48M | 25.73M | 29.24M | 27.18M |
| Net Income | 2.08M | (81,000) | (498,000) | (2.38M) | (3.00M) | (4.02M) | 1.25M | (580,000) | (3.97M) | (4.22M) | (235,000) | (1.46M) |
| EPS | 0.03 | -0.00 | -0.01 | -0.03 | -0.04 | -0.05 | 0.02 | -0.01 | -0.05 | -0.06 | -0.00 | -0.02 |
| Free Cash Flow | (867,000) | 1.45M | 1.52M | (2.54M) | 3.73M | (3.53M) | (3.07M) | 2.87M | 2.98M | (3.06M) | (2.08M) | 2.69M |
| FCF / Share | -0.01 | 0.02 | 0.02 | -0.03 | 0.05 | -0.05 | -0.04 | 0.04 | 0.04 | -0.04 | -0.03 | 0.04 |
| Operating CF | 430,000 | 2.90M | 2.78M | (1.31M) | 4.58M | 121,000 | (1.89M) | 3.48M | 4.41M | (2.15M) | (695,000) | 3.30M |
| Total Assets | 110.95M | 105.36M | 101.77M | 101.84M | 102.44M | 99.24M | 99.03M | 100.71M | 100.59M | 103.64M | 118.83M | 118.28M |
| Total Debt | 9.08M | 8.89M | 8.85M | 8.87M | 8.95M | 5.81M | 5.54M | 11.41M | 11.63M | 12.02M | 21.47M | 21.94M |
| Cash & Equiv | 9.08M | 9.98M | 9.29M | 7.78M | 10.42M | 3.79M | 7.25M | 17.31M | 14.98M | 12.34M | 23.38M | 25.59M |
| Book Value | 82.24M | 78.13M | 76.50M | 75.24M | 75.87M | 77.65M | 80.71M | 78.33M | 77.92M | 81.06M | 84.48M | 83.90M |
| Return on Equity | 0.03 | -0.00 | -0.01 | -0.03 | -0.04 | -0.05 | 0.02 | -0.01 | -0.05 | -0.05 | -0.00 | -0.02 |