What is Flexshopper's earnings per share (EPS)?

Flexshopper (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 Financials

FPAY

FY2023 annual

Revenue $117.0M +3.5% YoY

Net Income -$4.2M -131.1% YoY

EPS (Diluted) -$0.38 YoY not available

Free Cash Flow -$13.0M +65.5% YoY

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2024 Currency USD FYE December

Flexshopper (FPAY) reported $117.0M in revenue for fiscal year 2023, up 3.5% from the prior fiscal year. 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 2026-08-15

FlexShopper’s operating rebound is being outrun by a cash-hungry receivables build and heavy financing costs.

From FY2021 to FY2023, accounts receivable expanded from $25.5M to $44.8M while revenue moved from $125.4M to $117.0M and operating cash flow stayed negative at -$11.3M and -$6.7M. That combination points to weak cash conversion: more capital is being tied up in customer balances even without sustained top-line growth.

The sharp operating margin rebound to 11.7% from -5.6% suggests the underlying revenue base can cover expenses again, but the benefit did not reach shareholders because interest expense of $18.9M exceeded operating income of $13.7M. In practice, the financing structure absorbed the operating recovery and left FY2023 at a net loss of -$4.2M.

The balance sheet looks liquid on paper, with a current ratio of 9.7x, yet the actual cash cushion was only $4.4M against free cash flow of -$13.0M. With debt-to-equity at 4.4x, short-term coverage depends more on collecting and financing assets than on cash already in the bank.

Financial Health Signals

Financial health score pending refresh

We are recalculating Flexshopper'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 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 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 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 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

$117.0M

YoY+3.5%

5Y CAGR+13.7%

10Y CAGR+50.4%

Flexshopper generated $117.0M in revenue in fiscal year 2023. This represents an increase of 3.5% from the prior year.

EBITDA

$18.8M

YoY+930.1%

Flexshopper's EBITDA was $18.8M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 930.1% from the prior year.

Net Income

-$4.2M

YoY-131.1%

Flexshopper reported -$4.2M in net income in fiscal year 2023. This represents a decrease of 131.1% from the prior year.

EPS (Diluted)

-$0.38

Flexshopper earned -$0.38 per diluted share (EPS) in fiscal year 2023.

Cash & Balance Sheet

Free Cash Flow

-$13.0M

YoY+65.5%

Flexshopper recorded an outflow of $13.0M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. This represents an increase of 65.5% from the prior year.

Cash & Debt

$4.4M

YoY-27.1%

5Y CAGR-6.4%

10Y CAGR+16.5%

Flexshopper held $4.4M in cash as of fiscal year 2023; long-term debt is not reported for that period.

Shares Outstanding

22M

Flexshopper had 22M shares outstanding in fiscal year 2023.

Dividends Per Share

Not reported for fiscal year 2023.

Margins & Returns

Operating Margin

11.7%

YoY+17.3pp

5Y CAGR+20.1pp

Flexshopper's operating margin was 11.7% in fiscal year 2023, reflecting core business profitability. This is up 17.3 percentage points from the prior year.

Net Margin

-3.6%

YoY-15.7pp

5Y CAGR+11.8pp

10Y CAGR+31.4pp

Flexshopper's net profit margin was -3.6% in fiscal year 2023, showing the share of revenue converted to profit. This is down 15.7 percentage points from the prior year.

Return on Equity

-14.5%

YoY-58.4pp

5Y CAGR+96.9pp

10Y CAGR+8.2pp

Flexshopper's ROE was -14.5% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 58.4 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2023.

Capital Allocation

Share Buybacks

$167K

Flexshopper spent $167K on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$6.3M

YoY-2.5%

5Y CAGR+22.6%

10Y CAGR+57.4%

Flexshopper invested $6.3M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 2.5% from the prior year.

R&D Spending

Not reported for fiscal year 2023.

FPAY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FPAY annual income statement

Metric	TTM	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
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
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	N/A	N/A	N/A	N/A
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 (Diluted)	—	-$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

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$38.6M+21.5%	$31.8M-6.4%	$33.9M+12.1%	$30.3M-3.6%	$31.4M+27.9%	$24.5M-20.3%	$30.8M+43.8%	$21.4M
Cost of Revenue	$923K	N/A	N/A	N/A	$0	N/A	N/A	N/A
Gross Profit	$37.7M	N/A	N/A	N/A	$31.4M	N/A	N/A	N/A
SG&A Expenses	$4.0M-4.1%	$4.2M+3.4%	$4.1M+14.6%	$3.6M+10.3%	$3.2M+8.6%	$3.0M+9.1%	$2.7M+24.4%	$2.2M
Operating Income	$9.6M+302.1%	$2.4M-52.9%	$5.0M-10.2%	$5.6M-5.6%	$6.0M+393.0%	-$2.0M-148.9%	$4.2M+175.9%	-$5.5M
Interest Expense	$5.7M+8.5%	$5.2M-1.7%	$5.3M+4.9%	$5.1M+6.7%	$4.7M+3.9%	$4.6M+0.8%	$4.5M+18.5%	$3.8M
Income Tax	$1.5M+221.9%	-$1.2M-2088.6%	-$57K-129.1%	$195K-26.4%	$266K+120.4%	-$1.3M-776.7%	-$149K+94.6%	-$2.7M
Net Income	$2.4M+247.6%	-$1.6M-648.5%	-$214K-160.5%	$354K-62.3%	$940K+117.7%	-$5.3M-2201.2%	-$230K-102.9%	$7.9M
EPS (Diluted)	$0.05	-$0.13	-$0.06	N/A	-$0.01+96.6%	-$0.29	-$0.06	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

TTM is the trailing twelve months, Q4 FY2023 through Q3 FY2024, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

FPAY Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FPAY annual balance sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
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
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
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
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	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$187.3M+8.7%	$172.2M+5.9%	$162.6M+3.9%	$156.5M+8.4%	$144.4M+4.6%	$138.1M-4.7%	$145.0M-2.2%	$148.3M
Current Assets	$149.3M+12.7%	$132.4M+7.2%	$123.6M+5.2%	$117.4M+11.6%	$105.3M+7.0%	$98.4M-7.3%	$106.2M-3.2%	$109.7M
Cash & Equivalents	$7.3M+49.8%	$4.9M-12.5%	$5.6M+26.8%	$4.4M-23.0%	$5.7M-10.0%	$6.4M-35.4%	$9.9M+63.0%	$6.1M
Accounts Receivable	$66.2M+15.8%	$57.2M+15.9%	$49.3M+10.1%	$44.8M+8.1%	$41.4M+5.6%	$39.2M+5.6%	$37.2M+4.5%	$35.5M
Total Liabilities	$157.5M+8.8%	$144.7M+8.5%	$133.4M+4.8%	$127.3M+9.9%	$115.8M+4.5%	$110.8M-2.6%	$113.7M-3.0%	$117.3M
Current Liabilities	$18.7M+123.0%	$8.4M-7.0%	$9.0M-25.7%	$12.1M+54.0%	$7.9M-3.1%	$8.1M-4.2%	$8.5M-30.6%	$12.2M
Total Equity	$29.8M+8.5%	$27.5M-6.0%	$29.2M0.0%	$29.2M+2.2%	$28.6M+4.8%	$27.3M-12.6%	$31.2M+0.6%	$31.0M
Retained Earnings	-$35.3M+6.3%	-$37.6M-4.4%	-$36.0M-0.6%	-$35.8M+1.0%	-$36.2M+2.5%	-$37.1M-16.6%	-$31.8M-0.7%	-$31.6M

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

FPAY Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

FPAY annual cash flow statement

Metric	TTM	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
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
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	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$7.9M+23.0%	-$10.3M-81.7%	-$5.6M+38.8%	-$9.2M-217.3%	-$2.9M-2167.2%	-$128K-102.3%	$5.6M+251.7%	-$3.7M
Capital Expenditures	$1.7M+20.8%	$1.4M-23.3%	$1.8M+2.6%	$1.8M+21.9%	$1.5M+6.7%	$1.4M-22.4%	$1.8M+6.7%	$1.6M
Free Cash Flow	-$9.6M+17.8%	-$11.6M-56.2%	-$7.5M+32.2%	-$11.0M-152.2%	-$4.4M-192.8%	-$1.5M-138.7%	$3.8M+172.1%	-$5.3M
Investing Cash Flow	-$2.1M-10.8%	-$1.9M+17.9%	-$2.3M+6.0%	-$2.4M-44.4%	-$1.7M-9.4%	-$1.5M+20.2%	-$1.9M-319.7%	$875K
Financing Cash Flow	$12.4M+8.6%	$11.4M+25.5%	$9.1M-11.9%	$10.3M+161.7%	$3.9M+315.9%	-$1.8M-9365.2%	$20K-99.4%	$3.2M
Share Buybacks	N/A	N/A	$6K-90.8%	$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.

FPAY annual financial ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
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
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	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	97.6%	N/A	N/A	N/A	100.0%	N/A	N/A	N/A
Operating Margin	24.8%+17.3pp	7.5%-7.4pp	14.9%-3.7pp	18.6%-0.4pp	19.0%+27.2pp	-8.3%-21.8pp	13.5%+39.1pp	-25.6%
Net Margin	6.1%+11.2pp	-5.1%-4.4pp	-0.6%-1.8pp	1.2%-1.8pp	3.0%+24.6pp	-21.6%-20.8pp	-0.8%-37.7pp	36.9%
Return on Equity	7.9%+13.8pp	-5.8%-5.1pp	-0.7%-1.9pp	1.2%-2.1pp	3.3%+22.7pp	-19.4%-18.7pp	-0.7%-26.2pp	25.5%
Return on Assets	1.3%+2.2pp	-0.9%-0.8pp	-0.1%-0.4pp	0.2%-0.4pp	0.7%+4.5pp	-3.8%-3.7pp	-0.2%-5.5pp	5.3%
Current Ratio	7.98-7.8x	15.78+2.1x	13.70+4.0x	9.68-3.7x	13.36+1.3x	12.10-0.4x	12.51+3.5x	8.97
Debt-to-Equity	5.280.0x	5.27+0.7x	4.56+0.2x	4.35+0.3x	4.050.0x	4.06+0.4x	3.64-0.1x	3.78
FCF Margin	-24.8%+11.9pp	-36.7%-14.7pp	-22.0%+14.4pp	-36.3%-22.4pp	-13.9%-7.8pp	-6.1%-18.6pp	12.5%+37.4pp	-24.9%

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

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Where Flexshopper Ranks

Frequently Asked Questions

What is Flexshopper's annual revenue?

Flexshopper (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's revenue growing?

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

Is Flexshopper profitable?

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

What is Flexshopper's EBITDA?

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

What is Flexshopper's operating margin?

Flexshopper (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's net profit margin?

Flexshopper (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's return on equity (ROE)?

Flexshopper (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's free cash flow?

Flexshopper (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's operating cash flow?

Flexshopper (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's total assets?

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

What are Flexshopper's capital expenditures?

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

Does Flexshopper buy back shares?

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

How many shares does Flexshopper have outstanding?

Flexshopper (FPAY) had 22M shares outstanding as of fiscal year 2023.

What is Flexshopper's current ratio?

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

What is Flexshopper's debt-to-equity ratio?

Flexshopper (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's return on assets (ROA)?

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

What is Flexshopper's Altman Z-Score?

Flexshopper (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's Piotroski F-Score?

Flexshopper (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's earnings high quality?

Flexshopper (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 cover its interest payments?

Flexshopper (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.