PHLT
Company Description
Performant Healthcare, Inc. delivers advanced technology solutions focused on ensuring payment accuracy, confirming eligibility, and providing related analytical insights. The company empowers healthcare payers to identify, prevent, and recover wasteful and improper payments by leveraging cutting-edge technology, sophisticated analytics, and proprietary data assets. Their service offerings encompass coordination-of-benefits as well as comprehensive claims services, which involve auditing and pinpointing incorrectly disbursed payments. Additionally, they furnish extensive reporting capabilities, client support, customer service, and training initiatives for stakeholders to proactively reduce future payment errors. Previously known as Performant Financial Corporation, the organization rebranded to Performant Healthcare, Inc. in December 2024. Founded in 1976, the company is based 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 | 17.72M | 48.70M |
| FCF / Share | -0.01 | -0.00 | -0.09 | -0.04 | 0.31 | -0.38 | -0.38 | -0.08 | 0.20 | 0.17 | 0.36 | 1.03 |
| Operating CF | 6.18M | 3.86M | (2.88M) | 916,000 | 20.81M | (15.42M) | (12.15M) | 2.97M | 17.78M | 16.17M | 27.87M | 61.21M |
| Total Assets | 101.77M | 99.03M | 118.83M | 121.98M | 126.23M | 138.87M | 137.76M | 164.44M | 185.08M | 242.54M | 262.83M | 257.26M |
| Total Debt | 8.85M | 5.54M | 21.47M | 23.24M | 65.73M | 69.64M | 43.33M | 40.58M | 53.62M | 92.14M | 111.80M | 133.30M |
| Cash & Equiv | 9.29M | 7.25M | 23.38M | 17.35M | 16.04M | 3.37M | 5.46M | 21.73M | 32.98M | 71.18M | 80.30M | 81.91M |
| Book Value | 76.50M | 80.71M | 84.48M | 82.42M | 41.98M | 53.62M | 77.23M | 80.33M | 86.25M | 93.86M | 91.17M | 74.23M |
| Return on Equity | -0.13 | -0.09 | -0.08 | -0.12 | -0.33 | -0.50 | -0.10 | -0.16 | -0.13 | -0.02 | 0.10 | 0.49 |
| 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 |