What is FlexShopper, Inc.'s earnings per share (EPS)?

FlexShopper, Inc. (FPAY) reported diluted earnings per share of -$0.38 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

FlexShopper, Inc. (FPAY) Financials

FPAY

Trailing 12 months to September 30, 2024

Revenue $134.6M +24.5% YoY

Net Income $903K -72.8% YoY

EPS (Diluted) -$0.30 -233.3% YoY

Free Cash Flow -$39.7M -440.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2024, ended Sep 30, 2024 Reported Nov 19, 2024 Currency USD FYE December

Newest figures come from the 10-K for Q3 FY2024, filed Nov 19, 2024. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FPAY SEC filings page.

FlexShopper, Inc. (FPAY) reported $134.6M in revenue over the twelve months to Sep 30, 2024, up 24.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FPAY FY2023 2026-10-04

FlexShopper’s operating profit returned in FY2023, but heavy interest and cash tied in receivables still left the business externally financed.

Earnings quality weakened beneath the operating recovery: the 2023 operating margin reached 11.7%, yet interest expense of $18.9M exceeded operating income of $13.7M. That financing burden helps explain why the company reported a net loss of $4.2M while operating cash flow remained negative at -$6.7M.

Working capital absorbed more financing: receivables climbed from $35.5M in FY2022 to $44.8M while revenue changed only modestly, indicating that a larger share of reported sales had not yet been collected. This makes cash conversion weaker than the income statement alone suggests.

Short-term liquidity looks ample, but the balance sheet remains creditor-dependent: the current ratio was 9.7x and reported liquidity equaled 7.9 months of annual operating outflow. Liabilities of $127.3M stood against only $29.2M of equity, showing that asset growth has relied substantially on outside financing.

Financial Health Signals

Financial health score pending refresh

We are recalculating FlexShopper, Inc.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

1.60

FlexShopper, Inc. scores 1.60, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/7

FlexShopper, Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

FlexShopper, Inc. reported a net loss of $4.2M while operations used $6.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.72x

FlexShopper, Inc. earns $0.72 in operating income for every $1 of interest expense ($13.7M vs $18.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$38.6M

YoY+22.9%

QoQ+21.5%

5Y CAGR+11.0%

10Y CAGR+37.4%

FlexShopper, Inc. generated $38.6M in revenue in Q3 2024. This represents an increase of 22.9% from the same quarter a year earlier. Against the prior quarter it is up 21.5%.

EBITDA

$11.2M

YoY+54.5%

QoQ+183.5%

5Y CAGR+30.2%

FlexShopper, Inc.'s EBITDA was $11.2M in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.5% from the same quarter a year earlier. Against the prior quarter it is up 183.5%.

Net Income

$2.4M

YoY+151.7%

QoQ+247.6%

5Y CAGR+11.3%

FlexShopper, Inc. reported $2.4M in net income in Q3 2024. This represents an increase of 151.7% from the same quarter a year earlier. Against the prior quarter it is up 247.6%.

EPS (Diluted)

$0.05

YoY+600.0%

5Y CAGR+4.6%

FlexShopper, Inc. earned $0.05 per diluted share (EPS) in Q3 2024. This represents an increase of 600.0% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

-$9.6M

YoY-119.6%

QoQ+17.8%

FlexShopper, Inc. recorded an outflow of $9.6M in free cash flow in Q3 2024, representing a cash shortfall after capex. This represents a decrease of 119.6% from the same quarter a year earlier. Against the prior quarter it is up 17.8%.

Cash & Debt

$7.3M

YoY+27.9%

QoQ+49.8%

5Y CAGR+18.2%

10Y CAGR+5.0%

FlexShopper, Inc. held $7.3M in cash as of Q3 2024; long-term debt is not reported for that period.

Shares Outstanding

21M

YoY-0.9%

5Y CAGR+4.0%

10Y CAGR-4.7%

FlexShopper, Inc. had 21M shares outstanding in Q3 2024. This represents a decrease of 0.9% from the same quarter a year earlier.

Dividends Per Share

Not reported for Q3 2024.

Margins & Returns

Gross Margin

97.6%

YoY-2.4pp

FlexShopper, Inc.'s gross margin was 97.6% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the same quarter a year earlier.

Operating Margin

24.8%

YoY+5.8pp

QoQ+17.3pp

5Y change+14.1pp

10Y change+94.8pp

FlexShopper, Inc.'s operating margin was 24.8% in Q3 2024, reflecting core business profitability. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.3 percentage points.

Net Margin

6.1%

YoY+3.1pp

QoQ+11.2pp

5Y change+0.1pp

10Y change+67.6pp

FlexShopper, Inc.'s net profit margin was 6.1% in Q3 2024, showing the share of revenue converted to profit. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.2 percentage points.

Return on Equity

7.9%

YoY+4.7pp

QoQ+13.8pp

5Y change-5.1pp

10Y change+22.2pp

FlexShopper, Inc.'s ROE was 7.9% in Q3 2024, measuring profit generated per dollar of shareholder equity. This is up 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.8 percentage points.

Capital Allocation

Capital Expenditures

$1.7M

YoY+15.9%

QoQ+20.8%

5Y CAGR+24.6%

10Y CAGR+20.4%

FlexShopper, Inc. invested $1.7M in capex in Q3 2024, funding long-term assets and infrastructure. This represents an increase of 15.9% from the same quarter a year earlier. Against the prior quarter it is up 20.8%.

R&D Spending

Not reported for Q3 2024.

Share Buybacks

Not reported for Q3 2024.

FPAY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FPAY quarterly income statement

Metric	TTM	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$134.6M	$117.0M+3.5%	$113.1M-9.9%	$125.4M+22.9%	$102.1M+15.0%	$88.8M+44.4%	$61.5M-8.3%	$67.0M+40.9%	$47.6M+130.1%	$20.7M+312.4%	$5.0M+153.5%	$2.0M-3.8%	$2.1M+9.0%	$1.9M+11.8%	$1.7M
SG&A Expenses	$15.9M	$12.5M+13.7%	$11.0M-4.3%	$11.5M+10.0%	$10.4M+23.3%	$8.5M-3.7%	$8.8M+11.9%	$7.9M+32.2%	$5.9M+41.9%	$4.2M	N/A	N/A	N/A	N/A	N/A
Operating Income	$22.6M	$13.7M+317.2%	-$6.3M-185.6%	$7.4M+59.2%	$4.6M-9.4%	$5.1M+198.6%	-$5.2M+16.0%	-$6.2M+40.3%	-$10.3M-29.1%	-$8.0M-64.4%	-$4.9M	N/A	N/A	N/A	N/A
EBITDA	N/A	$18.8M+930.1%	-$2.3M-122.3%	$10.2M+47.2%	$6.9M-5.6%	$7.3M+323.7%	-$3.3M+28.2%	-$4.5M+50.6%	-$9.2M-24.2%	-$7.4M-57.7%	-$4.7M	N/A	N/A	N/A	N/A
Interest Expense	$21.3M	$18.9M+69.5%	$11.2M+113.1%	$5.2M+21.8%	$4.3M-0.2%	$4.3M+3.7%	$4.2M+91.7%	$2.2M+12.6%	$1.9M+93.7%	$994K+13935.2%	$7K-98.2%	$386K-15.0%	$454K-9.2%	$500K-25.8%	$675K
Income Tax	$411K	-$990K+94.0%	-$16.6M-2218.3%	$785K+18.4%	$663K+206.4%	$216K	N/A	N/A	N/A	-$78K+82.9%	-$458K	N/A	N/A	N/A	N/A
Net Income	$903K	-$4.2M-131.1%	$13.6M+316.5%	$3.3M+1062.9%	-$340K-158.9%	$577K+106.1%	-$9.5M-13.6%	-$8.3M+32.0%	-$12.3M-39.4%	-$8.8M-135.7%	-$3.7M-437.8%	-$694K-283.1%	$379K+37.7%	$275K+172.8%	-$378K
EPS (Basic)	N/A	-$0.38-184.4%	$0.45+1025.0%	$0.04+123.5%	-$0.17-54.5%	-$0.11	N/A	N/A	N/A	N/A	N/A	-$0.04-300.0%	$0.02+100.0%	$0.01+150.0%	-$0.02
EPS (Diluted)	-$0.30	-$0.38	$0.44	$0.04	-$0.17-54.5%	-$0.11	N/A	N/A	N/A	N/A	N/A	-$0.04-300.0%	$0.02+100.0%	$0.01+150.0%	-$0.02
Diluted Shares (Avg)	N/A	22M	22M	23M	21M	N/A	N/A	N/A	N/A	N/A	N/A	19M-8.6%	21M+1.2%	21M-0.3%	21M

Metric	Q3'2410-K	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K
Revenue	$38.6M+22.9%	$31.8M+29.5%	$33.9M+10.3%	$30.3M+41.4%	$31.4M+20.1%	$24.5M-32.9%	$30.8M+6.3%	$21.4M-31.1%
Cost of Revenue	$923K	N/A	N/A	N/A	$0	N/A	N/A	N/A
Gross Profit	$37.7M+20.0%	N/A	N/A	N/A	$31.4M	N/A	N/A	N/A
SG&A Expenses	$4.0M+25.3%	$4.2M+42.0%	$4.1M+49.8%	$3.6M+62.6%	$3.2M+14.6%	$3.0M-1.3%	$2.7M-8.0%	$2.2M-30.6%
Operating Income	$9.6M+60.6%	$2.4M+217.0%	$5.0M+21.5%	$5.6M+202.6%	$6.0M+230.9%	-$2.0M-140.6%	$4.2M+423.8%	-$5.5M-716.7%
EBITDA	$11.2M+54.5%	$3.9M+577.8%	$6.6M+23.8%	$7.1M+262.4%	$7.2M+308.3%	-$824K-113.7%	$5.3M+1321.8%	-$4.4M-361.8%
Interest Expense	$5.7M+19.5%	$5.2M+14.4%	$5.3M+17.3%	$5.1M+32.5%	$4.7M+56.7%	$4.6M+94.6%	$4.5M+131.4%	$3.8M+176.5%
Income Tax	$1.5M+471.9%	-$1.2M+4.3%	-$57K+61.7%	$195K+107.1%	$266K+120.5%	-$1.3M+88.9%	-$149K+82.7%	-$2.7M
Net Income	$2.4M+151.7%	-$1.6M+69.7%	-$214K+7.0%	$354K-95.5%	$940K+115.0%	-$5.3M-136.8%	-$230K+90.3%	$7.9M+1148.0%
EPS (Basic)	$0.05+600.0%	-$0.13+55.2%	-$0.060.0%	-$0.16-159.3%	-$0.01+96.9%	-$0.29-146.0%	-$0.06+57.1%	$0.27
EPS (Diluted)	$0.05+600.0%	-$0.13+55.2%	-$0.060.0%	-$0.16-159.3%	-$0.01+96.9%	-$0.29	-$0.06	$0.27
Diluted Shares (Avg)	22M+2.4%	21M-1.3%	22M-0.8%	N/A	22M+0.2%	22M	22M	N/A

Not reported in any period shown, so not listed: R&D Expenses.

FPAY Balance Sheet

FPAY quarterly balance sheet

Metric	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$156.5M+5.5%	$148.3M+74.8%	$84.8M+24.3%	$68.2M+30.7%	$52.2M+7.4%	$48.6M+43.0%	$34.0M+16.6%	$29.2M+66.8%	$17.5M+105.5%	$8.5M+31.3%	$6.5M-18.2%	$7.9M+15.0%	$6.9M-15.3%	$8.1M
Current Assets	$117.4M+7.1%	$109.7M+42.6%	$76.9M+23.5%	$62.3M+32.8%	$46.9M+3.7%	$45.2M+46.0%	$31.0M+16.7%	$26.5M+70.2%	$15.6M+111.5%	$7.4M+15.5%	$6.4M-19.2%	$7.9M+15.1%	$6.9M-15.3%	$8.1M
Cash & Equivalents	$4.4M-27.1%	$6.1M+21.4%	$5.0M-41.6%	$8.5M+24.4%	$6.9M+11.8%	$6.1M+23.6%	$5.0M-8.2%	$5.4M+59.4%	$3.4M+17.8%	$2.9M+200.3%	$960K+57.3%	$610K+99.1%	$307K+87.7%	$163K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$44.8M+26.0%	$35.5M+39.5%	$25.5M+153.9%	$10.0M+21.3%	$8.3M+29.7%	$6.4M+49.7%	$4.3M+95.2%	$2.2M+190.1%	$752K+483.8%	$129K+108163.9%	$119	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$127.3M+8.5%	$117.3M+70.8%	$68.7M+20.3%	$57.1M+35.1%	$42.2M+5.3%	$40.1M+45.0%	$27.7M+89.2%	$14.6M+29.4%	$11.3M+420.3%	$2.2M-36.5%	$3.4M-56.8%	$7.9M+72.1%	$4.6M-24.9%	$6.1M
Current Liabilities	$12.1M-0.8%	$12.2M-2.8%	$12.6M-26.3%	$17.1M+126.1%	$7.5M-71.1%	$26.1M+13.6%	$23.0M+413.9%	$4.5M+77.3%	$2.5M+16.1%	$2.2M-36.5%	$3.4M-34.4%	$5.2M+13.5%	$4.6M-24.9%	$6.1M
Non-Current Liabilities	$115.1M+9.6%	$105.0M+87.3%	$56.1M+40.1%	$40.0M+15.4%	$34.7M+147.5%	$14.0M+198.4%	$4.7M-53.7%	$10.2M+15.6%	$8.8M	$0	$0-100.0%	$2.7M	$0	$0
Total Equity	$29.2M-5.8%	$31.0M+92.2%	$16.1M+44.7%	$11.2M+11.9%	$10.0M+17.4%	$8.5M+34.3%	$6.3M-56.5%	$14.5M+135.5%	$6.2M-2.6%	$6.3M+107.2%	$3.1M+163950.3%	$2K-99.9%	$2.3M+13.9%	$2.0M
Retained Earnings	-$35.8M-13.4%	-$31.6M+30.1%	-$45.2M+6.7%	-$48.5M-0.7%	-$48.2M+1.2%	-$48.7M-24.1%	-$39.3M-26.9%	-$30.9M-65.6%	-$18.7M-88.8%	-$9.9M-60.5%	-$6.2M-12.7%	-$5.5M+6.5%	-$5.9M+4.5%	-$6.1M

Metric	Q3'2410-K	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K
Total Assets	$187.3M+29.7%	$172.2M+24.7%	$162.6M+12.2%	$156.5M+5.5%	$144.4M+18.3%	$138.1M+15.1%	$145.0M+66.6%	$148.3M+74.8%
Current Assets	$149.3M+41.8%	$132.4M+34.6%	$123.6M+16.4%	$117.4M+7.1%	$105.3M+7.5%	$98.4M+0.1%	$106.2M+35.2%	$109.7M+42.6%
Cash & Equivalents	$7.3M+27.9%	$4.9M-23.2%	$5.6M-43.3%	$4.4M-27.1%	$5.7M+8.7%	$6.4M+27.8%	$9.9M+128.3%	$6.1M+21.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$66.2M+59.8%	$57.2M+45.7%	$49.3M+32.7%	$44.8M+26.0%	$41.4M+23.9%	$39.2M+18.7%	$37.2M+25.8%	$35.5M+39.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$157.5M+36.0%	$144.7M+30.6%	$133.4M+17.3%	$127.3M+8.5%	$115.8M+17.0%	$110.8M+21.6%	$113.7M+56.2%	$117.3M+70.8%
Current Liabilities	$18.7M+137.6%	$8.4M+3.3%	$9.0M+6.3%	$12.1M-0.8%	$7.9M-14.4%	$8.1M-31.1%	$8.5M+13.6%	$12.2M-2.8%
Non-Current Liabilities	$138.7M+28.5%	$136.3M+32.8%	$124.4M+18.2%	$115.1M+9.6%	$107.9M+20.2%	$102.7M+29.4%	$105.3M+61.1%	$105.0M+87.3%
Total Equity	$29.8M+4.2%	$27.5M+0.7%	$29.2M-6.4%	$29.2M-5.8%	$28.6M+23.9%	$27.3M-5.4%	$31.2M+119.8%	$31.0M+92.2%
Retained Earnings	-$35.3M+2.5%	-$37.6M-1.4%	-$36.0M-13.3%	-$35.8M-13.4%	-$36.2M+8.4%	-$37.1M-11.8%	-$31.8M+33.2%	-$31.6M+30.1%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

FPAY Cash Flow Statement

FPAY quarterly cash flow statement

Metric	TTM	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	-$33.0M	-$6.7M+78.7%	-$31.2M-177.5%	-$11.3M-116.1%	-$5.2M-1009.3%	-$469K+97.4%	-$18.2M-175.2%	-$6.6M+62.0%	-$17.4M-22.7%	-$14.2M-134.9%	-$6.0M-602.5%	$1.2M+622.5%	-$230K-114.1%	$1.6M+203.8%	-$1.6M
Depreciation & Amortization	N/A	$5.1M+26.6%	$4.0M+44.9%	$2.8M+22.8%	$2.3M+3.3%	$2.2M+14.8%	$1.9M+18.6%	$1.6M+45.1%	$1.1M+91.0%	$582K+259.0%	$162K+323.2%	$38K+93.5%	$20K-3.7%	$21K-32.1%	$30K
Stock-Based Compensation	N/A	$1.7M+68.1%	$998K-39.5%	$1.6M+18.7%	$1.4M+92.0%	$723K+442.2%	$133K+17.1%	$114K-16.4%	$136K+73.4%	$79K-82.1%	$439K+782.1%	$50K+59.1%	$31K+768.0%	$4K-17.5%	$4K
Capital Expenditures	$6.7M	$6.3M-2.5%	$6.5M+59.8%	$4.1M+31.2%	$3.1M+38.2%	$2.2M-1.9%	$2.3M+13.0%	$2.0M+9.0%	$1.9M+39.7%	$1.3M+14.8%	$1.2M+1603.1%	$68K+299.0%	$17K-8.4%	$19K+2.9%	$18K
Free Cash Flow	-$39.7M	-$13.0M+65.5%	-$37.7M-146.3%	-$15.3M-84.5%	-$8.3M-206.4%	-$2.7M+86.7%	-$20.4M-137.2%	-$8.6M+55.2%	-$19.2M-24.2%	-$15.5M-115.5%	-$7.2M-735.0%	$1.1M+558.9%	-$247K-115.3%	$1.6M+201.5%	-$1.6M
Investing Cash Flow	-$8.6M	-$7.6M-45.4%	-$5.2M-5.1%	-$4.9M-59.8%	-$3.1M-38.2%	-$2.2M+1.9%	-$2.3M-13.0%	-$2.0M-9.0%	-$1.9M-39.7%	-$1.3M-136.6%	$3.6M+3314.3%	-$113K-563.0%	-$17K+8.4%	-$19K	N/A
Financing Cash Flow	$43.3M	$12.5M-66.8%	$37.5M+194.0%	$12.8M+27.9%	$10.0M+190.3%	$3.4M-84.1%	$21.6M+164.4%	$8.2M-61.5%	$21.2M+32.8%	$16.0M+270.2%	$4.3M+686.5%	-$737K-233.9%	$550K+137.4%	-$1.5M-213.1%	$1.3M
Share Buybacks	N/A	$167K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2410-K	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K
Operating Cash Flow	-$7.9M-171.4%	-$10.3M-7894.5%	-$5.6M-200.8%	-$9.2M-150.0%	-$2.9M+63.1%	-$128K+98.9%	$5.6M+170.5%	-$3.7M+70.3%
Depreciation & Amortization	$1.6M+26.3%	$1.6M+29.4%	$1.5M+32.0%	$1.5M+32.7%	$1.3M+17.6%	$1.2M+20.6%	$1.2M+37.3%	$1.1M+42.1%
Stock-Based Compensation	$157K-66.7%	$155K-65.1%	$217K-48.4%	N/A	$472K+21.8%	$444K+72.4%	$421K+37.8%	N/A
Capital Expenditures	$1.7M+15.9%	$1.4M+2.3%	$1.8M+3.5%	$1.8M+7.7%	$1.5M-24.8%	$1.4M-18.2%	$1.8M+39.1%	$1.6M+53.9%
Free Cash Flow	-$9.6M-119.6%	-$11.6M-682.2%	-$7.5M-293.9%	-$11.0M-106.1%	-$4.4M+55.5%	-$1.5M+88.9%	$3.8M+141.8%	-$5.3M+60.4%
Investing Cash Flow	-$2.1M-23.5%	-$1.9M-22.0%	-$2.3M-18.5%	-$2.4M-377.0%	-$1.7M+29.7%	-$1.5M+28.0%	-$1.9M-23.8%	$875K+158.7%
Financing Cash Flow	$12.4M+214.4%	$11.4M+725.4%	$9.1M+46060.6%	$10.3M+219.4%	$3.9M-62.7%	-$1.8M-112.2%	$20K-99.8%	$3.2M-79.6%
Share Buybacks	N/A	N/A	$6K	$67K	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

FPAY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FPAY quarterly financial ratios

Metric	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Margin	11.7%+17.3pp	-5.6%-11.5pp	5.9%+1.3pp	4.5%-1.2pp	5.8%+14.2pp	-8.4%+0.8pp	-9.2%+12.5pp	-21.7%+17.0pp	-38.7%+58.4pp	-97.1%	N/A	N/A	N/A	N/A
Net Margin	-3.6%-15.7pp	12.1%+9.4pp	2.6%+2.9pp	-0.3%-1.0pp	0.7%+16.0pp	-15.4%-3.0pp	-12.4%+13.3pp	-25.8%+16.8pp	-42.5%+31.9pp	-74.4%-39.3pp	-35.1%-53.5pp	18.4%+3.8pp	14.6%+37.0pp	-22.4%
Return on Equity	-14.5%-58.4pp	43.9%+23.6pp	20.3%+23.3pp	-3.0%-8.8pp	5.8%+117.2pp	-111.4%+20.3pp	-131.7%-47.4pp	-84.4%+58.2pp	-142.5%-83.6pp	-58.9%-36.2pp	-22.7%-20358.7pp	20336.0%+20323.9pp	12.0%+30.8pp	-18.8%
Return on Assets	-2.7%-11.9pp	9.2%+5.3pp	3.9%+4.4pp	-0.5%-1.6pp	1.1%+20.6pp	-19.5%+5.0pp	-24.5%+17.5pp	-42.0%+8.3pp	-50.3%-6.4pp	-43.9%-33.2pp	-10.7%-15.5pp	4.8%+0.8pp	4.0%+8.6pp	-4.7%
Current Ratio	9.68+0.7x	8.97+2.9x	6.11+2.5x	3.65-2.6x	6.21+4.5x	1.73+0.4x	1.35-4.6x	5.93-0.2x	6.18+2.8x	3.39+1.5x	1.86+0.4x	1.510.0x	1.49+0.2x	1.32
Debt-to-Equity	4.35+0.6x	3.78-0.5x	4.25-0.9x	5.12+0.9x	4.24-0.5x	4.73+0.3x	4.38+3.4x	1.01-0.8x	1.83+1.5x	0.34-0.8x	1.12-4249.1x	4250.20+4248.2x	2.01-1.0x	3.05
Asset Turnover	0.750.0x	0.76-0.7x	1.480.0x	1.50-0.2x	1.70+0.4x	1.26-0.7x	1.97+0.3x	1.63+0.4x	1.18+0.6x	0.59+0.3x	0.310.0x	0.260.0x	0.27+0.1x	0.21
FCF Margin	-11.1%+22.3pp	-33.4%-21.2pp	-12.2%-4.1pp	-8.1%-5.1pp	-3.0%+30.2pp	-33.3%-20.4pp	-12.9%+27.6pp	-40.4%+34.5pp	-74.9%	-143.3%	57.2%+69.2pp	-12.0%-97.5pp	85.5%+179.7pp	-94.2%

Metric	Q3'2410-K	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K
Gross Margin	97.6%-2.4pp	N/A	N/A	N/A	100.0%	N/A	N/A	N/A
Operating Margin	24.8%+5.8pp	7.5%+15.8pp	14.9%+1.4pp	18.6%+44.1pp	19.0%+36.4pp	-8.3%-22.0pp	13.5%+17.9pp	-25.6%-28.4pp
Net Margin	6.1%+3.1pp	-5.1%+16.5pp	-0.6%+0.1pp	1.2%-35.7pp	3.0%+27.0pp	-21.6%-61.0pp	-0.8%+7.5pp	36.9%+34.9pp
Return on Equity	7.9%+4.7pp	-5.8%+13.6pp	-0.7%0.0pp	1.2%-24.3pp	3.3%+30.5pp	-19.4%-69.3pp	-0.7%+16.0pp	25.5%+21.5pp
Return on Assets	1.3%+0.6pp	-0.9%+2.9pp	-0.1%0.0pp	0.2%-5.1pp	0.7%+5.8pp	-3.8%-15.8pp	-0.2%+2.6pp	5.3%+4.6pp
Current Ratio	7.98-5.4x	15.78+3.7x	13.70+1.2x	9.68+0.7x	13.36+2.7x	12.10+3.8x	12.51+2.0x	8.97+2.9x
Debt-to-Equity	5.28+1.2x	5.27+1.2x	4.56+0.9x	4.35+0.6x	4.05-0.2x	4.06+0.9x	3.64-1.5x	3.78-0.5x
Asset Turnover	0.210.0x	0.180.0x	0.210.0x	0.190.0x	0.220.0x	0.18-0.1x	0.21-0.1x	0.14-0.2x
FCF Margin	-24.8%-10.9pp	-36.7%-30.6pp	-22.0%-34.5pp	-36.3%-11.4pp	-13.9%+23.6pp	-6.1%+30.6pp	12.5%+44.3pp	-24.9%+18.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
FlexShopper, Inc. FPAY	FY2023	$117.0M	-$4.2M	-3.6%	$16.9M	—
Multi Ways Holdings Limited MWG	FY2025	$44.8M	-$433K	-1.0%	$8.0M	34/100
Senmiao Technology Limited AIHS	FY2026	$1.5M	-$5.3M	N/A	$25.6M	22/100
NiSun International Enterprise Development Group Co., Ltd. NISN	FY2025	$5.1M	N/A	N/A	$7.0M	55/100
Alta Equipment Group Inc. ALTG	FY2025	$1.8B	-$80.3M	-4.4%	$205.1M	33/100
Samfine Creation Holdings Group Limited SFHG	FY2025	$21.8M	-$2.5M	-11.7%	$8.6M	34/100

Where FlexShopper, Inc. Ranks

Frequently Asked Questions

What is FlexShopper, Inc.'s annual revenue?

FlexShopper, Inc. (FPAY) reported $117.0M in total revenue for fiscal year 2023. This represents a 3.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FlexShopper, Inc.'s revenue growing?

FlexShopper, Inc. (FPAY) revenue grew by 3.5% year-over-year, from $113.1M to $117.0M in fiscal year 2023.

Is FlexShopper, Inc. profitable?

No, FlexShopper, Inc. (FPAY) reported a net income of -$4.2M in fiscal year 2023, with a net profit margin of -3.6%.

What is FlexShopper, Inc.'s EBITDA?

FlexShopper, Inc. (FPAY) had EBITDA of $18.8M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is FlexShopper, Inc.'s operating margin?

FlexShopper, Inc. (FPAY) had an operating margin of 11.7% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is FlexShopper, Inc.'s net profit margin?

FlexShopper, Inc. (FPAY) had a net profit margin of -3.6% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is FlexShopper, Inc.'s return on equity (ROE)?

FlexShopper, Inc. (FPAY) has a return on equity of -14.5% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is FlexShopper, Inc.'s free cash flow?

FlexShopper, Inc. (FPAY) recorded an outflow of $13.0M in free cash flow during fiscal year 2023. This represents a 65.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is FlexShopper, Inc.'s operating cash flow?

FlexShopper, Inc. (FPAY) recorded an outflow of $6.7M in operating cash flow during fiscal year 2023, representing cash used by core business activities.

What are FlexShopper, Inc.'s total assets?

FlexShopper, Inc. (FPAY) had $156.5M in total assets as of fiscal year 2023, including both current and long-term assets.

What are FlexShopper, Inc.'s capital expenditures?

FlexShopper, Inc. (FPAY) invested $6.3M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

Does FlexShopper, Inc. buy back shares?

Yes, FlexShopper, Inc. (FPAY) spent $167K on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

How many shares does FlexShopper, Inc. have outstanding?

FlexShopper, Inc. (FPAY) had 22M shares outstanding as of fiscal year 2023.

What is FlexShopper, Inc.'s current ratio?

FlexShopper, Inc. (FPAY) had a current ratio of 9.68 as of fiscal year 2023, which is generally considered healthy.

What is FlexShopper, Inc.'s debt-to-equity ratio?

FlexShopper, Inc. (FPAY) had a debt-to-equity ratio of 4.35 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is FlexShopper, Inc.'s return on assets (ROA)?

FlexShopper, Inc. (FPAY) had a return on assets of -2.7% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

How does FlexShopper, Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2023, FlexShopper, Inc. (FPAY) held $4.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.7M over that year. Dividing the one by the other, the reported balance equals about 8 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is FlexShopper, Inc.'s Altman Z-Score?

FlexShopper, Inc. (FPAY) has an Altman Z-Score of 1.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is FlexShopper, Inc.'s Piotroski F-Score?

FlexShopper, Inc. (FPAY) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FlexShopper, Inc.'s earnings high quality?

FlexShopper, Inc. (FPAY) reported a net loss of $4.2M while operations used $6.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can FlexShopper, Inc. cover its interest payments?

FlexShopper, Inc. (FPAY) has an interest coverage ratio of 0.72x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.