PFMT · Performant Financial 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 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.80M | $33.27M | - | $31.52M | $29.36M | $27.33M | - | $29.96M | $25.48M | $25.73M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $35.16M | $33.12M | - | $33.67M | $32.10M | $31.25M | - | $30.61M | $29.09M | $29.52M |
| D&A | $1.90M | $1.45M | - | $1.90M | $1.90M | $1.40M | - | $1.30M | $1.20M | $1.25M |
| Operating Income | $2.64M | $150.0K | - | ($2.15M) | ($2.74M) | ($3.92M) | - | ($650.0K) | ($3.60M) | ($3.79M) |
| Interest Expense | $276.0K | $186.0K | - | $423.0K | $351.0K | $186.0K | - | $423.0K | $351.0K | $414.0K |
| Income Tax | $360.0K | $40.0K | - | $15.0K | $16.0K | $16.0K | - | ($407.0K) | $21.0K | $21.0K |
| Net Income | $2.08M | ($81.0K) | - | ($2.38M) | ($3.00M) | ($4.02M) | - | ($580.0K) | ($3.97M) | ($4.22M) |
| EPS - Basic | $0.03 | $0.00 | - | ($0.03) | ($0.04) | ($0.05) | - | ($0.01) | ($0.05) | ($0.06) |
| EPS - Diluted | $0.03 | $0.00 | - | ($0.03) | ($0.04) | ($0.05) | - | ($0.01) | ($0.05) | ($0.06) |
Balance Sheet
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.08M | $9.98M | $9.29M | $7.78M | $10.42M | $3.79M | $7.25M | $17.31M | $14.98M | $12.34M |
| Accounts Receivable | $17.75M | $14.71M | $14.16M | $17.95M | $14.07M | $14.28M | $17.58M | $14.13M | $12.79M | $15.64M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.07M | $1.35M | $482.0K | $719.0K | $888.0K | $2.15M | $727.0K | $872.0K | $1.20M | $971.0K |
| Current Assets | $47.49M | $41.97M | $38.36M | $38.33M | $38.14M | $34.08M | $39.78M | $41.99M | $40.96M | $43.75M |
| Total Assets | $110.95M | $105.36M | $101.77M | $101.84M | $102.44M | $99.24M | $99.03M | $100.71M | $100.59M | $103.64M |
| Current Liabilities | $17.98M | $16.40M | $13.97M | $14.37M | $14.37M | $12.40M | $12.38M | $12.07M | $12.05M | $11.48M |
| Long-term Debt | - | - | - | - | - | - | $0 | $9.08M | $9.58M | $10.02M |
| Total Liabilities | $28.72M | $27.23M | $25.27M | $26.61M | $26.57M | $21.59M | $18.32M | $22.38M | $22.68M | $22.58M |
| Stockholders' Equity | $82.24M | $78.13M | $76.50M | $75.24M | $75.87M | $77.65M | $80.71M | $78.33M | $77.92M | $81.06M |
| Retained Earnings | ($73.20M) | ($75.28M) | ($75.20M) | ($74.70M) | ($72.31M) | ($69.32M) | ($65.30M) | ($66.56M) | ($65.98M) | ($62.00M) |
Cash Flow
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $2.90M | - | - | - | $121.0K | - | - | - | ($2.15M) |
| Investing Cash Flow | - | ($1.45M) | - | - | - | ($3.65M) | - | - | - | ($906.0K) |
| Financing Cash Flow | - | ($765.0K) | - | - | - | ($14.0K) | - | - | - | ($7.99M) |
| CapEx | - | $1.45M | - | - | - | $3.65M | - | - | - | $909.0K |
| Free Cash Flow | - | $1.45M | - | - | - | ($3.53M) | - | - | - | ($3.06M) |
Ratios
| Metric | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 7.0% | 0.5% | - | -6.8% | -9.3% | -14.3% | - | -2.2% | -14.1% | -14.7% |
| EBITDA margin | 12.0% | 4.8% | - | -0.8% | -2.9% | -9.2% | - | 2.2% | -9.4% | -9.9% |
| Net margin | 5.5% | -0.2% | - | -7.6% | -10.2% | -14.7% | - | -1.9% | -15.6% | -16.4% |
| Free cash flow margin | - | 4.4% | - | - | - | -12.9% | - | - | - | -11.9% |
| FCF / Net income | - | -17.95 | - | - | - | 0.88 | - | - | - | 0.72 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 14.8% | - | - | - | - | - | - | - | - | - |
| Return on assets | 1.9% | -0.1% | - | -2.3% | -2.9% | -4.0% | - | -0.6% | -3.9% | -4.1% |
| Return on equity | 2.5% | -0.1% | - | -3.2% | -3.9% | -5.2% | - | -0.7% | -5.1% | -5.2% |
| Return on invested capital | - | - | - | - | - | - | - | -0.6% | -3.3% | -3.3% |
| Liquidity | ||||||||||
| Current ratio | 2.64 | 2.56 | 2.75 | 2.67 | 2.65 | 2.75 | 3.21 | 3.48 | 3.40 | 3.81 |
| Quick ratio | 2.64 | 2.56 | 2.75 | 2.67 | 2.65 | 2.75 | 3.21 | 3.48 | 3.40 | 3.81 |
| Cash ratio | 0.50 | 0.61 | 0.67 | 0.54 | 0.73 | 0.31 | 0.59 | 1.43 | 1.24 | 1.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 0.00 | 0.12 | 0.12 | 0.12 |
| Debt / Assets | - | - | - | - | - | - | 0.00 | 0.09 | 0.10 | 0.10 |
| Debt / EBITDA | - | - | - | - | - | - | - | 13.96 | - | - |
| Interest coverage | 9.6x | 0.8x | - | -5.1x | -7.8x | -21.1x | - | -1.5x | -10.3x | -9.2x |
| Equity multiplier | 1.35 | 1.35 | 1.33 | 1.35 | 1.35 | 1.28 | 1.23 | 1.29 | 1.29 | 1.28 |
| Liabilities / Assets | 0.26 | 0.26 | 0.25 | 0.26 | 0.26 | 0.22 | 0.19 | 0.22 | 0.23 | 0.22 |
| Efficiency | ||||||||||
| Asset turnover | 0.34 | 0.32 | - | 0.31 | 0.29 | 0.28 | - | 0.30 | 0.25 | 0.25 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 171d | 161d | - | 208d | 175d | 191d | - | 172d | 183d | 222d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 28.7% | 21.7% | - | 5.2% | 15.2% | 6.2% | - | 10.2% | -0.8% | -5.0% |
| Revenue CAGR (3y) | 13.8% | 7.1% | - | 3.3% | -3.7% | -4.5% | - | -6.1% | -9.0% | -17.5% |
| Revenue CAGR (5y) | 2.3% | -6.2% | - | -2.6% | -3.9% | -4.8% | - | 0.1% | -6.6% | -14.7% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | -230.6% | 23.9% | -3.5% | - | 71.9% | -9.0% | -154.8% |
| Net income growth (YoY) | - | 98.0% | - | -311.0% | 24.6% | 4.8% | - | 60.3% | -25.4% | -152.3% |
| EPS growth (YoY) | - | - | - | -200.0% | 20.0% | 16.7% | - | 50.0% | -25.0% | -200.0% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | -15.5% | - | - | - | 42.9% |
| FCF CAGR (5y) | - | -25.1% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.4% | 0.6% | -5.2% | -3.9% | -2.6% | -4.2% | -4.5% | -6.6% | -7.7% | -6.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$241.27M totalHealth Care$118.29M · 49.0%
Eligibility Based$61.86M · 25.6%
Claims Based$56.43M · 23.4%
Customer Care And Outsourced Services$4.69M · 1.9%
Peer comparison
Same SIC group: Services-Miscellaneous Business Services
Comparing Performant Financial Corp against the 5 most active filers in the same SIC group.