Event-Driven Stocks

Performant Healthcare Inc

PHLT

Industrials · Services-Miscellaneous Business Services · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21FY20FY19
Revenue$123.0M$113.7M$109.2M$124.4M$155.9M$150.4M
Operating income−$9.5M−$6.1M−$6.9M−$1.3M−$14.0M−$19.6M
Net income−$9.9M−$7.5M−$6.5M−$10.3M−$14.0M−$26.8M
Total assets$101.8M$99.0M$118.8M$122.0M$126.2M$138.9M
Total liabilities$25.3M$18.3M$34.3M$39.6M$84.2M$85.2M
Equity$76.5M$80.7M$84.5M$82.4M$42.0M$53.6M
EPS (diluted)$-0.13$-0.10$-0.09$-0.17$-0.26$-0.50
Shares out.76.9M75.5M70.3M54.8M54.0M53.1M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
−7.7%
Net margin
−8.0%
Return on equity
−12.9%
Return on assets
−9.7%
Return on capital (ROCE)
−10.8%
Liabilities / assets
24.8%
Debt / equity
0.33×
Book value / share
$0.99
Revenue growth (YoY)
8.1%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Altman Z″ (distress)
1.71grey zone
Accruals / assets
−15.8%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
68
/ 100
Profitability 0Growth 100Catalyst 67Earnings quality 100Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 3 warning● 4 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Altman Z″ in the grey zone
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
Oct 15, 20251.3M1.7-89.5%
Sep 30, 202512.3M15.6+29.6%
Sep 15, 20259.5M10.2+5.5%
Aug 29, 20259.0M6.4+131.8%
Aug 15, 20253.9M1.1+343.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)