billions of dollars are lost each year to waste, improper payments and unpaid debts. performant helps organizations enhance revenue and contain costs by preventing, identifying and recovering outstanding and improperly paid assets. we apply our experienced staff and proprietary technology to make an immediate financial impact for our clients. why we are different: + seasoned experts. our experts understand the intricacies of your industry—helping guide resources and achieve results. + recovery infrastructure. our infrastructure is built on workflow technologies and processes that can scale to manage accounts ranging to billions of dollars per client. + analytics. our analytics are powered by a proprietary data processing platform that can analyze huge data sets with ease, precision and speed. talk to us to find out how performant can accelerate your path to value. performant has more than 1,500 employees and five offices locations. we are publicly traded under pfmt (nasdaq).
Company profile
Ticker
PFMT
Exchange
Website
CEO
Lisa C. Im
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Performant Business Services, Inc. • Performant Recovery, Inc. • Performant Technologies, LLC. ...
IRS number
200484934
PFMT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
13 Mar 24
8-K
Performant Financial Corporation Announces Financial Results for Fourth Quarter and Full Year 2023
12 Mar 24
8-K
Departure of Directors or Certain Officers
6 Mar 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Performant Financial Corporation Announces Financial Results for Third Quarter 2023
7 Nov 23
8-K
Entry into a Material Definitive Agreement
1 Nov 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Performant Financial Corporation Announces Financial Results for Second Quarter 2023
8 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 23
10-Q
2023 Q1
Quarterly report
10 May 23
Transcripts
PFMT
Earnings call transcript
2023 Q4
12 Mar 24
PFMT
Earnings call transcript
2023 Q3
7 Nov 23
PFMT
Earnings call transcript
2023 Q2
8 Aug 23
PFMT
Earnings call transcript
2023 Q1
9 May 23
PFMT
Earnings call transcript
2022 Q4
14 Mar 23
PFMT
Earnings call transcript
2022 Q3
8 Nov 22
PFMT
Earnings call transcript
2022 Q2
9 Aug 22
PFMT
Earnings call transcript
2022 Q1
10 May 22
PFMT
Earnings call transcript
2021 Q4
16 Mar 22
PFMT
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
SC 13G
Topline Capital Management, LLC
18 Apr 24
4
Rohit Ramchandani
5 Apr 24
4
Shantanu Agrawal
7 Mar 24
3
Shantanu Agrawal
7 Mar 24
SC 13G/A
First Light Asset Management, LLC
14 Feb 24
SC 13G/A
PARTHENON INVESTORS II. L.P.
8 Feb 24
SC 13G
BlackRock Inc.
29 Jan 24
4
Eric Yanagi
23 Jan 24
4
WILLIAM DEAN HANSEN
22 Jan 24
4
Bradley M Fluegel
22 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 17.39 mm | 17.39 mm | 17.39 mm | 17.39 mm | 17.39 mm | 17.39 mm |
Cash burn (monthly) | (no burn) | 690.25 k | 329.00 k | 744.58 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 4.73 mm | 2.26 mm | 5.11 mm | n/a | n/a |
Cash remaining | n/a | 12.65 mm | 15.13 mm | 12.28 mm | n/a | n/a |
Runway (months of cash) | n/a | 18.3 | 46.0 | 16.5 | n/a | n/a |
Institutional ownership, Q2 2023
81.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 74 |
Opened positions | 26 |
Closed positions | 17 |
Increased positions | 21 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 141.86 bn |
Total shares | 62.90 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Prescott Group Capital Management, L.L.C. | 15.79 mm | $42.64 bn |
First Light Asset Management | 9.25 mm | $24.97 bn |
Parthenon Investors Ii. | 4.51 mm | $0.00 |
BLK Blackrock | 4.11 mm | $11.09 bn |
Vanguard | 3.51 mm | $9.46 bn |
Mill Road Capital Management | 3.26 mm | $8.81 bn |
Mill Road Capital II | 3.26 mm | $6.92 mm |
Punch & Associates Investment Management | 2.58 mm | $6.97 bn |
ECMC | 1.67 mm | $0.00 |
Driehaus Capital Management | 1.56 mm | $4.21 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Mar 24 | Rohit Ramchandani | RSU Common Stock | Grant | Acquire A | No | No | 0 | 52,817 | 0.00 | 52,817 |
5 Mar 24 | Shantanu Agrawal | RSU Common Stock | Grant | Acquire A | No | No | 0 | 33,670 | 0.00 | 33,670 |
19 Jan 24 | James LaCamp | RSU Common Stock | Grant | Acquire A | No | No | 0 | 27,675 | 0.00 | 27,675 |
19 Jan 24 | Fluegel Bradley M | RSU Common Stock | Grant | Acquire A | No | No | 0 | 27,675 | 0.00 | 27,675 |
News
12 Industrials Stocks Moving In Wednesday's After-Market Session
10 Apr 24
12 Industrials Stocks Moving In Tuesday's After-Market Session
9 Apr 24
The Office Of The NY State Comptroller Which Was Awarded To Performant Financial Has Just Been Disqualified
1 Apr 24
Performant Finl Q4 2023 Adj EPS $0.05 Beats $0.01 Estimate, Sales $32.567M Beat $31.587M Estimate
12 Mar 24
Earnings Scheduled For March 12, 2024
12 Mar 24
Press releases
Performant Financial Corporation to Report First Quarter 2024 Earnings on May 7, 2024
23 Apr 24
Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale Initatives
9 Apr 24
Performant to Participate in the 36th Annual Roth Conference
11 Mar 24
Performant Financial Corporation Announces the Appointment of Dr. Shantanu Agrawal to Its Board of Directors
6 Mar 24
Performant Financial Corporation to Report Fourth Quarter and Full-year 2023 Earnings on March 12, 2024
27 Feb 24