PHLT (Performant Healthcare) Operating Income : $-5.4 Mil (TTM As of Mar. 2025)

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What is Performant Healthcare Operating Income?

Performant Healthcare's Operating Income for the three months ended in Mar. 2025 was $0.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was $-5.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Performant Healthcare's Operating Income for the three months ended in Mar. 2025 was $0.2 Mil. Performant Healthcare's Revenue for the three months ended in Mar. 2025 was $33.3 Mil. Therefore, Performant Healthcare's Operating Margin % for the quarter that ended in Mar. 2025 was 0.45%.

Performant Healthcare's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Performant Healthcare's annualized ROC % for the quarter that ended in Mar. 2025 was 1.42%. Performant Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 5.36%.

Performant Healthcare Operating Income Historical Data

The historical data trend for Performant Healthcare's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Performant Healthcare Operating Income Chart

Performant Healthcare Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

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13.04

-1.32

-6.90

-6.13

-9.50

Performant Healthcare Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Operating Income	Get a 7-Day Free Trial															-3.92	-2.74	-2.15	-0.69	0.15

Performant Healthcare Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.4 Mil.

Performant Healthcare (NAS:PHLT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Performant Healthcare's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

	ROC % (Q: Mar. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Mar. 2025 ))	/ count )
=	0.6 * ( 1 - -97.56% )	/	( (83.498	+	83.303)	/ 2 )
=	1.18536	/	83.4005
=	1.42 %

where

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	101.774	-	8.984	-	( 9.292	-	max(0, 13.971	-	38.358	+	9.292	))
=	83.498

	Invested Capital		(Q: Mar. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	105.365	-	12.081	-	( 9.981	-	max(0, 16.401	-	41.97	+	9.981	))
=	83.303

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Performant Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Mar. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.992	/	( ( (14.847 + max(4.568, 0))	+	(14.892 + max(2.692, 0)) )	/	2 )
=	0.992	/	( ( 19.415	+	17.584 )	/	2 )
=	0.992	/	18.4995
=	5.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.165	+	0	+	3.991)	-	(8.984	+	1.996	+	2.608)
=	4.568

	Working Capital		(Q: Mar. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.713	+	0	+	4.217)	-	(12.081	+	1.807	+	2.35)
=	2.692

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Performant Healthcare's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	0.15	/	33.269
	=	0.45 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Performant Healthcare Operating Income Related Terms

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Performant Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Performant Healthcare Inc (NAS:PHLT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 South Pine Island Road, Suite 150, Plantation, FL, USA, 33324

Website

https://www.performantcorp.com

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.

Executives

Lisa Im	officer: Chief Executive Officer	C/O PERFORMANT FINANCIAL CORPORATION, 333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Prescott Group Capital Management, L.l.c.	10 percent owner	1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429
Rohit Ramchandani	officer: Chief Financial Officer	333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Ecmc Group, Inc.	10 percent owner	1 IMATION PLACE, BLDG 2, SUITE 392A, OAKDALE MN 55128
Parthenon Dcs Holdings, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcp Managers Gp, Llc	10 percent owner	FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
Eric Yanagi	director	400 OYSTER POINT BOULEVARD, SUITE 526, SOUTH SAN FRANCISCO CA 94080
Parthenon Investors Ii. L.p.	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, 400 EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcap Partners Ii, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcap Ii, Llc	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111
Pcp Managers, L.p.	10 percent owner	C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111
James Lacamp	director	333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551
Prescott Group Aggressive Small Cap Master Fund Gp	10 percent owner	1924 S UTICA SUITE # 1120, TULSA OK 74104-6529
Prescott Group Aggressive Small Cap Ii Lp	10 percent owner	1924 S UTICA SUITE # 1120, TULSA OK 74104-6529
Prescott Group Aggressive Small Cap Lp	10 percent owner	1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529