Performant/$PHLT

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About Performant

Performant Healthcare Inc provides solutions to payers in the healthcare industry to identify, prevent, and recover waste and improper payments by leveraging technology, analytics, and proprietary data assets.

Ticker

$PHLT
Sector
Primary listing

Employees

964

Performant Metrics

BasicAdvanced
$607M
-
-$0.01
0.41
-

What the Analysts think about Performant

Analyst ratings (Buy, Hold, Sell) for Performant stock.

Bulls say / Bears say

Total revenue jumped 22% year-over-year to $33.3 million in Q1 2025, with healthcare revenue rising 29% to $33.2 million, fueled by strong demand for payment integrity services (Nasdaq)
Adjusted EBITDA turned positive at $3.3 million in Q1 2025—versus a −$1.2 million loss a year ago—and adjusted net income was $1.2 million, marking the first profitable quarter under the new pure-play strategy (Nasdaq)
On August 1, 2025, Performant agreed to be bought by Machinify for $7.75 per share—a 139% premium to the 90-day VWAP—offering significant immediate gains for shareholders (Nasdaq)
Performed a net loss of $9.9 million for the full year 2024 and remains unprofitable over the trailing twelve months, with a −$5.96 million net loss, highlighting ongoing bottom-line challenges (Nasdaq)
Analyst sentiment is cautious: Performant was downgraded from “strong-buy” to “hold” by B. Riley on August 5, 2025, and five brokers have a consensus “Hold” rating, pointing to limited short-term upside (MarketBeat)
Cash and cash equivalents were about $9.98 million as of Q1 2025, well below the ~$33.1 million in operating expenses that quarter—raising liquidity concerns if additional financing is not secured (GuruFocus)
Data summarised monthly by Lightyear AI. Last updated on 1 Sept 2025.

Performant Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Performant Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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