Performant Healthcare, Inc
Performant Healthcare, Inc. provides audit, recovery, and analytics services in the United States. It supports healthcare payers in identifying, preventing, and recovering waste and improper payments through advanced technology, analytics, and proprietary data assets. The company also offers coordination-of-benefits services, as well as claims-based services, which includes the audit and identifi… Read more
Performant Healthcare, Inc (PHLT) - Net Assets
Latest net assets as of June 2025: $82.24 Million USD
Based on the latest financial reports, Performant Healthcare, Inc (PHLT) has net assets worth $82.24 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($110.95 Million) and total liabilities ($28.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $82.24 Million |
| % of Total Assets | 74.12% |
| Annual Growth Rate | 4.62% |
| 5-Year Change | 82.23% |
| 10-Year Change | -18.49% |
| Growth Volatility | 64.06 |
Performant Healthcare, Inc - Net Assets Trend (2011–2024)
This chart illustrates how Performant Healthcare, Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Performant Healthcare, Inc (2011–2024)
The table below shows the annual net assets of Performant Healthcare, Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $76.50 Million | -5.21% |
| 2023-12-31 | $80.71 Million | -4.47% |
| 2022-12-31 | $84.48 Million | +2.50% |
| 2021-12-31 | $82.42 Million | +96.34% |
| 2020-12-31 | $41.98 Million | -21.72% |
| 2019-12-31 | $53.62 Million | -30.56% |
| 2018-12-31 | $77.23 Million | -3.86% |
| 2017-12-31 | $80.33 Million | -6.86% |
| 2016-12-31 | $86.25 Million | -8.11% |
| 2015-12-31 | $93.86 Million | +2.94% |
| 2014-12-31 | $91.17 Million | +22.82% |
| 2013-12-31 | $74.23 Million | +208.37% |
| 2012-12-31 | $24.07 Million | -43.41% |
| 2011-12-31 | $42.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Performant Healthcare, Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4238300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.00K | 0.01% |
| Other Components | $151.69 Million | 198.29% |
| Total Equity | $76.50 Million | 100.00% |
Performant Healthcare, Inc Competitors by Market Cap
The table below lists competitors of Performant Healthcare, Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PureTech Health PLC
NASDAQ:PRTC
|
$421.98 Million |
|
Cloetta AB ser. B
PINK:CLOEF
|
$422.02 Million |
|
Guzman Y GOMEZ Ltd
AU:GYG
|
$422.05 Million |
|
Haoxiangni Jujube Co Ltd
SHE:002582
|
$422.21 Million |
|
Intralot S.A. Integrated Lottery Systems and Services
PINK:IRLTF
|
$421.86 Million |
|
Minto Apartment Real Estate Investment Trust
TO:MI-UN
|
$421.67 Million |
|
Fuchun Technology Co Ltd
SHE:300299
|
$421.56 Million |
|
Sporton International
TWO:6146
|
$421.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Performant Healthcare, Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,707,000 to 76,499,000, a change of -4,208,000 (-5.2%).
- Net loss of 9,895,000 reduced equity.
- Other factors increased equity by 5,687,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.89 Million | -12.93% |
| Other Changes | $5.69 Million | +7.43% |
| Total Change | $- | -5.21% |
Book Value vs Market Value Analysis
This analysis compares Performant Healthcare, Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.22x to 7.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.94 | $7.75 | x |
| 2012-12-31 | $0.51 | $7.75 | x |
| 2013-12-31 | $1.50 | $7.75 | x |
| 2014-12-31 | $1.83 | $7.75 | x |
| 2015-12-31 | $1.90 | $7.75 | x |
| 2016-12-31 | $1.72 | $7.75 | x |
| 2017-12-31 | $1.58 | $7.75 | x |
| 2018-12-31 | $1.48 | $7.75 | x |
| 2019-12-31 | $1.00 | $7.75 | x |
| 2020-12-31 | $0.77 | $7.75 | x |
| 2021-12-31 | $1.36 | $7.75 | x |
| 2022-12-31 | $1.16 | $7.75 | x |
| 2023-12-31 | $1.06 | $7.75 | x |
| 2024-12-31 | $0.99 | $7.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Performant Healthcare, Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.05%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.33x
- Recent ROE (-12.93%) is below the historical average (1.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 29.08% | 7.59% | 0.89x | 4.29x | $8.12 Million |
| 2012 | 95.34% | 10.93% | 0.99x | 8.80x | $20.54 Million |
| 2013 | 48.95% | 14.23% | 0.99x | 3.47x | $28.92 Million |
| 2014 | 10.31% | 4.81% | 0.74x | 2.88x | $282.80K |
| 2015 | -1.91% | -1.13% | 0.66x | 2.58x | $-11.18 Million |
| 2016 | -13.28% | -8.10% | 0.76x | 2.15x | $-20.08 Million |
| 2017 | -15.85% | -9.64% | 0.80x | 2.05x | $-20.76 Million |
| 2018 | -10.37% | -5.15% | 1.13x | 1.78x | $-15.73 Million |
| 2019 | -50.01% | -17.83% | 1.08x | 2.59x | $-32.18 Million |
| 2020 | -33.32% | -8.97% | 1.24x | 3.01x | $-18.19 Million |
| 2021 | -12.48% | -8.27% | 1.02x | 1.48x | $-18.53 Million |
| 2022 | -7.74% | -5.99% | 0.92x | 1.41x | $-14.99 Million |
| 2023 | -9.32% | -6.61% | 1.15x | 1.23x | $-15.59 Million |
| 2024 | -12.93% | -8.05% | 1.21x | 1.33x | $-17.54 Million |
Industry Comparison
This section compares Performant Healthcare, Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Performant Healthcare, Inc (PHLT) | $82.24 Million | 29.08% | 0.35x | $421.89 Million |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |