Benefitfocus, Inc.
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $263.1M | $268.1M | $295.7M | $258.7M | $236.8M | $236.5M |
| Operating income | −$5.7M | −$3.0M | −$24.5M | −$39.7M | −$37.9M | −$32.5M |
| Net income | −$32.2M | −$24.3M | −$45.5M | −$52.6M | −$50.3M | −$40.3M |
| Total assets | $260.8M | $362.4M | $331.7M | $313.9M | $192.0M | $180.4M |
| Total liabilities | $258.0M | $331.8M | $357.3M | $324.1M | $200.7M | $213.7M |
| Equity | −$76.3M | −$48.6M | −$25.6M | −$10.2M | −$8.7M | $21.7M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 32.5M | 32.8M | 32.0M | 31.3M | 30.7M | 29.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- −2.2%
- Net margin
- −12.2%
- Return on equity
- 42.1%
- Return on assets
- −12.3%
- Return on capital (ROCE)
- −3.0%
- Liabilities / assets
- 98.9%
- Debt / equity
- —
- Book value / share
- $-2.35
- Revenue growth (YoY)
- −1.9%
- 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 · FY2021- Altman Z″ (distress)
- -5.81distress
- Accruals / assets
- −25.2%clean
- Beneish M-Score
- -3.76normal
- Piotroski F-Score
- 4/9mixed
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 ScoreOur 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
● 2 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- 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.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · Debt acceleration / triggering event · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosureJan 24, 2023
- Shareholder vote · Other material eventJan 20, 2023
- Other material eventJan 13, 2023
- Entered a material agreement · Director / officer changeDec 19, 2022
- Other material eventDec 15, 2022
- Results of operations · Regulation FD disclosureNov 7, 2022
- Entered a material agreement · Director / officer change · Other material eventNov 3, 2022
- Regulation FD disclosureNov 2, 2022
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 ↗- SC 13G/AFeb 13, 2023
- SC 13G/ASCHEDULE 13G/AFeb 9, 2023
- 15-12GNOTICE OF TERMINATIONFeb 3, 2023
- SC 13G/AFeb 1, 2023
- EFFECTJan 30, 2023
- EFFECTJan 30, 2023
- EFFECTJan 30, 2023
- 4Jan 26, 2023
- 4Jan 26, 2023
- 4Jan 26, 2023
- 4FORM 4 SUBMISSIONJan 25, 2023
- 4FORM 4 SUBMISSIONJan 25, 2023
- 4FORM 4 SUBMISSIONJan 25, 2023
- 4FORM 4 SUBMISSIONJan 25, 2023
- 4FORM 4 SUBMISSIONJan 25, 2023
Event-driven situations (1)
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