MPLN · Multiplan Corp - 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 | $965.41M | $930.62M | $961.52M | $1.08B | $1.12B | $937.76M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $221.52M | $160.22M | $144.06M | $166.84M | $151.09M | $355.63M |
| Total Operating Expenses | $936.65M | $2.32B | $799.54M | $1.44B | $731.48M | $1.07B |
| D&A | $101.67M | $88.19M | $77.32M | $68.76M | $64.89M | $60.58M |
| Operating Income | $28.77M | ($1.39B) | $161.98M | ($362.73M) | $386.12M | ($131.82M) |
| Interest Expense | $392.02M | $326.37M | $333.21M | $303.40M | $267.48M | $335.64M |
| Income Tax | ($88.80M) | ($124.88M) | ($15.36M) | $12.17M | $33.37M | ($26.34M) |
| Net Income | ($284.28M) | ($1.65B) | ($91.70M) | ($572.91M) | $102.08M | ($520.56M) |
| EPS - Basic | ($17.30) | ($101.92) | ($0.14) | ($0.90) | ($1.11) | - |
| EPS - Diluted | ($17.30) | ($101.92) | ($0.14) | ($0.90) | ($1.11) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.81M | $16.85M | $71.55M | $334.05M | $185.33M | $21.82M |
| Accounts Receivable | $127.61M | $89.76M | $76.56M | $78.91M | $99.91M | $77.07M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $60.46M | $86.33M | $19.59M | $13.29M | $13.01M | $9.56M |
| Current Assets | $224.37M | $175.51M | $193.59M | $446.74M | $319.26M | $208.85M |
| Total Assets | $4.89B | $5.15B | $6.96B | $7.37B | $8.22B | $8.28B |
| Current Liabilities | $261.36M | $213.79M | $166.74M | $175.84M | $141.91M | $112.50M |
| Long-term Debt | $4.61B | $4.57B | $4.60B | $4.82B | $4.97B | - |
| Total Liabilities | $5.06B | $5.07B | $5.26B | $5.58B | $5.88B | $5.73B |
| Stockholders' Equity | ($173.90M) | $84.02M | $1.71B | $1.79B | $2.34B | $1.95B |
| Retained Earnings | ($2.43B) | ($2.15B) | ($499.31M) | ($347.80M) | $225.11M | $117.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $117.32M | $107.62M | $171.72M | $372.36M | $404.69M | $377.37M |
| Investing Cash Flow | ($121.02M) | ($118.12M) | ($249.79M) | ($104.45M) | ($228.38M) | ($210.84M) |
| Financing Cash Flow | $2.36M | ($41.31M) | ($180.99M) | ($115.74M) | ($114.68M) | ($61.60M) |
| CapEx | $129.60M | $118.12M | $108.85M | $89.73M | $84.59M | $70.81M |
| Free Cash Flow | ($12.28M) | ($10.51M) | $62.87M | $282.63M | $320.10M | $306.56M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 3.0% | -149.4% | 16.8% | -33.6% | 34.5% | -14.1% |
| EBITDA margin | 13.5% | -139.9% | 24.9% | -27.2% | 40.4% | -7.6% |
| Net margin | -29.4% | -176.9% | -9.5% | -53.1% | 9.1% | -55.5% |
| Free cash flow margin | -1.3% | -1.1% | 6.5% | 26.2% | 28.6% | 32.7% |
| FCF / Net income | 0.04 | 0.01 | -0.69 | -0.49 | 3.14 | -0.59 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 22.9% | 17.2% | 15.0% | 15.5% | 13.5% | 37.9% |
| Effective tax rate | - | - | - | - | 24.6% | - |
| Return on assets | -5.8% | -32.0% | -1.3% | -7.8% | 1.2% | -6.3% |
| Return on equity | 163.5% | -1958.8% | -5.4% | -32.0% | 4.4% | -26.7% |
| Return on invested capital | 0.5% | -23.6% | 2.0% | -4.3% | 4.0% | - |
| Liquidity | ||||||
| Current ratio | 0.86 | 0.82 | 1.16 | 2.54 | 2.25 | 1.86 |
| Quick ratio | 0.86 | 0.82 | 1.16 | 2.54 | 2.25 | 1.86 |
| Cash ratio | 0.06 | 0.08 | 0.43 | 1.90 | 1.31 | 0.19 |
| Leverage | ||||||
| Debt / Equity | -26.52 | 54.34 | 2.69 | 2.69 | 2.12 | - |
| Debt / Assets | 0.94 | 0.89 | 0.66 | 0.65 | 0.60 | - |
| Debt / EBITDA | 35.36 | - | 19.22 | - | 11.02 | - |
| Interest coverage | 0.1x | -4.3x | 0.5x | -1.2x | 1.4x | -0.4x |
| Equity multiplier | -28.11 | 61.30 | 4.08 | 4.12 | 3.51 | 4.25 |
| Liabilities / Assets | 1.03 | 0.98 | 0.75 | 0.76 | 0.71 | 0.69 |
| Efficiency | ||||||
| Asset turnover | 0.20 | 0.18 | 0.14 | 0.15 | 0.14 | 0.11 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 48d | 35d | 29d | 27d | 33d | 30d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 3.7% | -3.2% | -10.9% | -3.4% | 19.2% | - |
| Revenue CAGR (3y) | -3.7% | -5.9% | 0.8% | - | - | - |
| Revenue CAGR (5y) | 0.6% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | 82.7% | -1694.9% | 84.0% | - | - | - |
| EPS growth (YoY) | 83.0% | -72700.0% | 84.4% | 18.9% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -16.8% | - | -77.8% | -11.7% | 4.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | -95.1% | -4.5% | -23.6% | 20.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$965.41M totalReportable Segment$965.41M · 100.0%
Product / service
$965.41M totalClaims Intelligence Solutions$639.86M · 66.3%
Network Solutions$206.69M · 21.4%
Payment And Revenue Integrity Solutions$118.87M · 12.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.23
Distress
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
5/9
Neutral
- ✗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-Business Services, NEC
Comparing MultiPlan Corp against the 5 most active filers in the same SIC group.