Performant Financial runs payment audits: what it means for Performant Financial stock

Published on 10/02/2026 at 18:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Performant Financial reported USD 117.45 million revenue in fiscal 2024. For Performant Financial stock, that means 958 employees.

PFMT, US71377E1055, Illustration mit AI erstellt.

Performant Financial (ISIN US71377E1055) runs technology-enabled payment audits and recovery services for healthcare plans. Performant describes its platform as a combination of audit, eligibility, recovery and data analytics services for the US healthcare market.

What the business means for investors

The operating model targets improper healthcare payments, including claims affected by coding, documentation and eligibility errors. Performant says its services are designed to help health plans identify those payments and recover or prevent losses through specialized audit workflows.

The company lists managed Medicaid plans in 45 states among the markets served by its solutions. Its offering includes inpatient and facility audits, outpatient reviews, post-acute and home-care audits, coordination of benefits, provider billing and coding, and recovery operations.

Revenue reached USD 117.45 million

Historical financial data published by Stocksummer show fiscal 2024 revenue of USD 117.45 million. The same fiscal-year table reports growth of 3.15 percent from fiscal 2023, making the revenue comparison the clearest quantified reference for the company profile.

The historical data also show a fiscal 2024 net loss of USD 11.98 million and free cash flow of USD 3.73 million. Those figures place the revenue increase alongside a profitability challenge rather than presenting growth alone as the full investment case.

Nasdaq listing and company scale

Nasdaq identifies the security as Performant Financial Corporation common stock under the ticker PFMT. Stocksummer lists 958 employees, while Performant presents healthcare payment integrity as its core business rather than a broad consumer healthcare platform.

For investors, that distinction matters because the company's revenue depends on specialized contracts, claims expertise and data workflows. The 45-state managed Medicaid footprint gives the business a measurable operating reach, while the fiscal 2024 loss shows why revenue growth and cash generation need to be assessed together.

Payment integrity anchors the business

Performant's business combines recurring healthcare administration needs with recovery services tied to payment accuracy. The company also markets data mining and analytics tools that can identify billing, eligibility and coordination issues before they become larger cost problems.