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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $244.68M | - | $245.96M | $241.57M | $231.33M | - | $230.50M | $233.48M | $234.51M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $57.83M | - | $61.89M | $52.94M | $50.63M | - | $37.73M | $34.55M | $34.86M | - |
| Total Operating Expenses | $238.04M | - | $235.89M | $224.99M | $221.59M | - | $568.71M | $757.40M | $720.94M | - |
| D&A | $25.18M | - | $25.97M | $25.26M | $24.55M | - | $22.57M | $21.81M | $20.99M | - |
| Operating Income | $6.64M | - | $10.07M | $16.58M | $9.74M | - | ($338.21M) | ($523.93M) | ($486.44M) | - |
| Interest Expense | $99.54M | - | $101.23M | $99.75M | $82.20M | - | $81.79M | $82.47M | $82.20M | - |
| Income Tax | ($19.16M) | - | ($23.61M) | ($20.29M) | ($18.55M) | - | ($27.22M) | ($27.52M) | ($21.98M) | - |
| Net Income | ($73.56M) | - | ($69.75M) | ($62.64M) | ($71.32M) | - | ($391.45M) | ($576.73M) | ($539.69M) | - |
| EPS - Basic | ($4.41) | - | ($4.23) | ($3.81) | ($4.38) | - | ($24.25) | ($0.89) | ($0.83) | - |
| EPS - Diluted | ($4.41) | - | ($4.23) | ($3.81) | ($4.38) | - | ($24.25) | ($0.89) | ($0.83) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.33M | $16.81M | $39.15M | $56.39M | $23.13M | $16.85M | $86.60M | $48.77M | $58.70M | $71.55M |
| Accounts Receivable | $140.92M | $127.61M | $126.99M | $123.58M | $93.47M | $89.76M | $82.13M | $81.42M | $82.44M | $76.56M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $59.18M | $60.46M | $38.93M | $43.43M | $34.51M | $86.33M | $22.55M | $22.29M | $18.04M | $19.59M |
| Current Assets | $242.27M | $224.37M | $257.46M | $247.14M | $184.84M | $175.51M | $211.53M | $192.26M | $189.51M | $193.59M |
| Total Assets | $4.84B | $4.89B | $4.99B | $5.07B | $5.08B | $5.15B | $5.32B | $5.74B | $6.37B | $6.96B |
| Current Liabilities | $189.56M | $261.36M | $213.32M | $253.14M | $180.47M | $213.79M | $201.50M | $180.84M | $194.11M | $166.74M |
| Long-term Debt | $4.62B | $4.61B | $4.60B | $4.59B | $4.58B | $4.57B | - | - | - | $4.60B |
| Total Liabilities | $5.07B | $5.06B | $5.09B | $5.11B | $5.07B | $5.07B | $5.11B | $5.14B | $5.20B | $5.26B |
| Stockholders' Equity | ($241.14M) | ($173.90M) | ($101.83M) | ($39.91M) | $14.82M | $84.02M | $207.56M | $603.36M | $1.17B | $1.71B |
| Retained Earnings | ($2.50B) | ($2.43B) | ($2.35B) | ($2.28B) | ($2.22B) | ($2.15B) | ($2.01B) | ($1.62B) | ($1.04B) | ($499.31M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($45.78M) | - | - | - | ($30.06M) | - | - | - | $49.72M | - |
| Investing Cash Flow | ($46.77M) | - | - | - | ($38.87M) | - | - | - | ($30.54M) | - |
| Financing Cash Flow | $98.93M | - | - | - | $73.15M | - | - | - | ($31.49M) | - |
| CapEx | $46.77M | - | - | - | $38.87M | - | - | - | $30.54M | - |
| Free Cash Flow | ($92.55M) | - | - | - | ($68.92M) | - | - | - | $19.17M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 2.7% | - | 4.1% | 6.9% | 4.2% | - | -146.7% | -224.4% | -207.4% | - |
| EBITDA margin | 13.0% | - | 14.7% | 17.3% | 14.8% | - | -136.9% | -215.1% | -198.5% | - |
| Net margin | -30.1% | - | -28.4% | -25.9% | -30.8% | - | -169.8% | -247.0% | -230.1% | - |
| Free cash flow margin | -37.8% | - | - | - | -29.8% | - | - | - | 8.2% | - |
| FCF / Net income | 1.26 | - | - | - | 0.97 | - | - | - | -0.04 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 23.6% | - | 25.2% | 21.9% | 21.9% | - | 16.4% | 14.8% | 14.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.5% | - | -1.4% | -1.2% | -1.4% | - | -7.4% | -10.0% | -8.5% | - |
| Return on equity | 30.5% | - | 68.5% | 157.0% | -481.1% | - | -188.6% | -95.6% | -46.1% | - |
| Return on invested capital | 0.1% | - | 0.2% | 0.3% | 0.2% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.28 | 0.86 | 1.21 | 0.98 | 1.02 | 0.82 | 1.05 | 1.06 | 0.98 | 1.16 |
| Quick ratio | 1.28 | 0.86 | 1.21 | 0.98 | 1.02 | 0.82 | 1.05 | 1.06 | 0.98 | 1.16 |
| Cash ratio | 0.11 | 0.06 | 0.18 | 0.22 | 0.13 | 0.08 | 0.43 | 0.27 | 0.30 | 0.43 |
| Leverage | ||||||||||
| Debt / Equity | -19.18 | -26.52 | -45.17 | -114.97 | 308.68 | 54.34 | - | - | - | 2.69 |
| Debt / Assets | 0.96 | 0.94 | 0.92 | 0.90 | 0.90 | 0.89 | - | - | - | 0.66 |
| Debt / EBITDA | 145.32 | - | 127.66 | 109.66 | 133.46 | - | - | - | - | - |
| Interest coverage | 0.1x | - | 0.1x | 0.2x | 0.1x | - | -4.1x | -6.4x | -5.9x | - |
| Equity multiplier | -20.07 | -28.11 | -49.00 | -127.09 | 342.97 | 61.30 | 25.63 | 9.52 | 5.44 | 4.08 |
| Liabilities / Assets | 1.05 | 1.03 | 1.02 | 1.01 | 1.00 | 0.98 | 0.96 | 0.89 | 0.82 | 0.75 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.05 | 0.05 | 0.05 | - | 0.04 | 0.04 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 210d | - | 188d | 187d | 147d | - | 130d | 127d | 128d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.8% | - | 6.7% | 3.5% | -1.4% | - | -5.1% | -1.9% | -0.9% | - |
| Revenue CAGR (3y) | 1.1% | - | -0.6% | -5.9% | -8.1% | - | - | -6.8% | -2.7% | - |
| Revenue CAGR (5y) | -0.8% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -31.9% | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | -3.1% | - | 82.2% | 89.1% | 86.8% | - | -1521.2% | -1485.7% | - | - |
| EPS growth (YoY) | -0.7% | - | 82.6% | -328.1% | -427.7% | - | -60525.0% | -1383.3% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -34.3% | - | - | - | - | - | - | - | -53.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | -98.7% | -95.1% | -88.1% | -65.9% | -34.6% | -4.5% |
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%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing MultiPlan Corp against the 5 most active filers in the same SIC group.