CPSI · Computer Programs & Systems Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $346.84M | $342.65M | $339.44M | $326.65M | $280.63M | $264.49M |
| Cost of Revenue | $162.97M | $168.53M | $175.87M | $172.21M | $139.75M | $128.24M |
| Gross Profit | $183.86M | $174.12M | $163.57M | $154.44M | $140.88M | $136.25M |
| R&D | $32.56M | $34.46M | $37.25M | $30.93M | $30.39M | $33.46M |
| SG&A | $80.69M | $76.99M | $76.15M | $56.19M | $50.02M | $46.13M |
| Total Operating Expenses | $326.00M | $336.01M | $255.92M | $131.65M | $116.17M | $115.19M |
| D&A | $1.09M | $1.35M | $1.95M | $2.44M | $2.16M | $1.79M |
| Operating Income | $20.83M | $6.63M | ($42.60M) | $22.78M | $24.71M | $21.05M |
| Interest Expense | $12.32M | $16.17M | $12.52M | $6.32M | $3.16M | $3.56M |
| Income Tax | ($485.0K) | $10.23M | ($8.59M) | $2.21M | $4.65M | $4.54M |
| Net Income | $4.35M | ($20.44M) | ($45.79M) | $15.87M | $18.43M | $14.25M |
| EPS - Basic | $0.29 | ($1.38) | ($3.15) | $1.08 | $1.26 | $0.98 |
| EPS - Diluted | $0.29 | ($1.38) | ($3.15) | $1.08 | $1.26 | $0.98 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.85M | $12.32M | $3.85M | $6.95M | $11.43M | $12.67M |
| Accounts Receivable | $54.97M | $53.75M | $59.72M | $51.31M | $34.43M | $32.41M |
| Inventory | $623.0K | $767.0K | $475.0K | $784.0K | $855.0K | $1.08M |
| Accounts Payable | $19.55M | $15.04M | $10.13M | $7.04M | $8.08M | $7.72M |
| Current Assets | $104.64M | $90.27M | $111.45M | $74.56M | $69.00M | $67.14M |
| Total Assets | $402.53M | $394.43M | $434.42M | $430.96M | $383.35M | $326.27M |
| Current Liabilities | $57.96M | $52.98M | $48.23M | $44.45M | $46.43M | $37.44M |
| Long-term Debt | $161.24M | $168.60M | $195.27M | $136.39M | $94.97M | $73.36M |
| Total Liabilities | $224.57M | $225.74M | $247.80M | $199.25M | $160.78M | $126.27M |
| Stockholders' Equity | $177.96M | $168.69M | $186.62M | $231.71M | $222.57M | $200.00M |
| Retained Earnings | ($12.22M) | ($14.95M) | $8.13M | $53.92M | $38.05M | $19.62M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $36.97M | $32.13M | $1.06M | $32.38M | $47.74M | $49.14M |
| Investing Cash Flow | ($14.72M) | $4.12M | ($60.11M) | ($62.73M) | ($69.92M) | ($6.66M) |
| Financing Cash Flow | ($9.71M) | ($27.74M) | $55.95M | $25.88M | $20.93M | ($37.16M) |
| CapEx | $1.32M | $1.64M | $346.0K | $270.0K | $920.0K | $3.34M |
| Free Cash Flow | $35.65M | $30.49M | $713.0K | $32.10M | $46.82M | $45.81M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 53.0% | 50.8% | 48.2% | 47.3% | 50.2% | 51.5% |
| Operating margin | 6.0% | 1.9% | -12.6% | 7.0% | 8.8% | 8.0% |
| EBITDA margin | 6.3% | 2.3% | -12.0% | 7.7% | 9.6% | 8.6% |
| Net margin | 1.3% | -6.0% | -13.5% | 4.9% | 6.6% | 5.4% |
| Free cash flow margin | 10.3% | 8.9% | 0.2% | 9.8% | 16.7% | 17.3% |
| FCF / Net income | 8.19 | -1.49 | -0.02 | 2.02 | 2.54 | 3.22 |
| R&D / Revenue | 9.4% | 10.1% | 11.0% | 9.5% | 10.8% | 12.6% |
| SG&A / Revenue | 23.3% | 22.5% | 22.4% | 17.2% | 17.8% | 17.4% |
| Effective tax rate | -12.5% | - | - | 12.2% | 20.1% | 24.2% |
| Return on assets | 1.1% | -5.2% | -10.5% | 3.7% | 4.8% | 4.4% |
| Return on equity | 2.4% | -12.1% | -24.5% | 6.8% | 8.3% | 7.1% |
| Return on invested capital | 6.1% | 1.6% | -8.8% | 5.4% | 6.2% | 5.8% |
| Liquidity | ||||||
| Current ratio | 1.81 | 1.70 | 2.31 | 1.68 | 1.49 | 1.79 |
| Quick ratio | 1.79 | 1.69 | 2.30 | 1.66 | 1.47 | 1.76 |
| Cash ratio | 0.43 | 0.23 | 0.08 | 0.16 | 0.25 | 0.34 |
| Leverage | ||||||
| Debt / Equity | 0.91 | 1.00 | 1.05 | 0.59 | 0.43 | 0.37 |
| Debt / Assets | 0.40 | 0.43 | 0.45 | 0.32 | 0.25 | 0.22 |
| Debt / EBITDA | 7.35 | 21.12 | - | 5.41 | 3.54 | 3.21 |
| Interest coverage | 1.7x | 0.4x | -3.4x | 3.6x | 7.8x | 5.9x |
| Equity multiplier | 2.26 | 2.34 | 2.33 | 1.86 | 1.72 | 1.63 |
| Liabilities / Assets | 0.56 | 0.57 | 0.57 | 0.46 | 0.42 | 0.39 |
| Efficiency | ||||||
| Asset turnover | 0.86 | 0.87 | 0.78 | 0.76 | 0.73 | 0.81 |
| Inventory turnover | 261.60 | 219.73 | 370.25 | 219.66 | 163.45 | 118.30 |
| Days sales outstanding | 58d | 57d | 64d | 57d | 45d | 45d |
| Days inventory outstanding | 1d | 2d | 1d | 2d | 2d | 3d |
| Days payable outstanding | 44d | 33d | 21d | 15d | 21d | 22d |
| Cash conversion cycle | 15d | 26d | 44d | 44d | 26d | 26d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.2% | 0.9% | 3.9% | 16.4% | 6.1% | -3.7% |
| Revenue CAGR (3y) | 2.0% | 6.9% | 8.7% | 6.0% | 1.6% | -1.5% |
| Revenue CAGR (5y) | 5.6% | 4.5% | 4.9% | 3.4% | 1.0% | 7.7% |
| Gross profit growth (YoY) | 5.6% | 6.4% | 5.9% | 9.6% | 3.4% | -5.5% |
| Operating income growth (YoY) | 214.0% | - | - | -7.8% | 17.4% | -14.4% |
| Net income growth (YoY) | - | 55.4% | - | -13.9% | 29.4% | -30.4% |
| EPS growth (YoY) | - | 56.2% | - | -14.3% | 28.6% | -31.5% |
| EPS CAGR (3y) | -35.5% | - | - | -8.9% | 0.0% | - |
| EPS CAGR (5y) | -21.6% | - | - | - | 34.2% | -9.6% |
| FCF growth (YoY) | 16.9% | 4176.6% | -97.8% | -31.4% | 2.2% | 9.5% |
| FCF CAGR (5y) | -4.9% | -6.1% | -50.1% | 7.0% | 86.7% | 8.5% |
| Book value growth (YoY) | 5.5% | -9.6% | -19.5% | 4.1% | 11.3% | 8.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$346.84M totalFinancial Health Segment$221.66M · 63.9%
Patient Care Segment$125.18M · 36.1%
Product / service
$346.84M totalRCMServices$169.98M · 49.0%
Support And Related Services$70.76M · 20.4%
Saa S$38.61M · 11.1%
Medical Coding Technology And Services$34.25M · 9.9%
Hosting And Other Services$13.55M · 3.9%
Software System Licenses And Related Services$13.23M · 3.8%
Consulting And Other Services$3.87M · 1.1%
Professional Services And Other$2.58M · 0.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.41
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Programming Services
Comparing COMPUTER PROGRAMS & SYSTEMS INC against the 5 most active filers in the same SIC group.