FlexShopper, Inc. (FPAY) 10-Year Financial Performance & Capital Metrics

FPAY • • Industrial / General

IndustrialsRental & LeasingConsumer Lease-to-Own ServicesConsumer Electronics & Goods LTO

AboutFlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.Show more

Revenue $140M +19.5%
EBITDA $32M +95.0%
Net Income -$179K +95.8%
EPS (Diluted) -0.22 +37.1%
Gross Margin 97.58% +9.3%
EBITDA Margin 23.17% +63.1%
Operating Margin 16.29% +39.2%
Net Margin -0.13% +96.5%
ROE -0.57% +95.9%
ROIC 10.47% +34.1%
Debt/Equity 4.93 +24.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 10.1% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 4.9x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 0 (bottom 0%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y39.48%

5Y9.5%

3Y3.68%

TTM19.51%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM68.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM-24.42%

ROCE

10Y Avg-14.3%

5Y Avg7.82%

3Y Avg5.84%

Latest13.81%

Peer Comparison

Consumer Electronics & Goods LTO

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FPAYFlexShopper, Inc.	2.46K	0.00	-0.00	19.51%	-0.97%	-4.08%		4.93

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	20.68M	47.58M	67.05M	84.73M	88.79M	102.08M	125.43M	113.06M	116.98M	139.8M
Revenue Growth %	3.12%	1.3%	0.41%	0.26%	0.05%	0.15%	0.23%	-0.1%	0.03%	0.2%
Cost of Goods Sold+	11.07M	23.42M	32.45M	42.06M	60.22M	66.73M	79.18M	3.38M	12.5M	3.38M
COGS % of Revenue	0.54%	0.49%	0.48%	0.5%	0.68%	0.65%	0.63%	0.03%	0.11%	0.02%
Gross Profit+	9.61M	24.16M	34.59M	42.67M	28.57M	35.35M	46.25M	109.67M	104.48M	136.42M
Gross Margin %	0.46%	0.51%	0.52%	0.5%	0.32%	0.35%	0.37%	0.97%	0.89%	0.98%
Gross Profit Growth %	4.71%	1.51%	0.43%	0.23%	-0.33%	0.24%	0.31%	1.37%	-0.05%	0.31%
Operating Expenses+	18.1M	34.49M	40.76M	46.53M	23.46M	30.73M	38.88M	115.98M	90.79M	113.64M
OpEx % of Revenue	0.88%	0.72%	0.61%	0.55%	0.26%	0.3%	0.31%	1.03%	0.78%	0.81%
Selling, General & Admin	19.72M	16.14M	13.96M	18.19M	12.12M	16.32M	20.62M	22.02M	20.12M	36.96M
SG&A % of Revenue	0.95%	0.34%	0.21%	0.21%	0.14%	0.16%	0.16%	0.19%	0.17%	0.26%
Research & Development	0	0	0	0	105.58K	0	0	0	0	0
R&D % of Revenue	-	0%	0%	0%	0%	-	-	-	-	-
Other Operating Expenses	-1.62M	18.35M	23.54M	28.34M	11.24M	14.4M	18.27M	93.95M	70.67M	76.68M
Operating Income+	-8.49M	-10.33M	-6.16M	-5.18M	5.1M	4.63M	7.36M	-6.3M	13.69M	22.78M
Operating Margin %	-0.41%	-0.22%	-0.09%	-0.06%	0.06%	0.05%	0.06%	-0.06%	0.12%	0.16%
Operating Income Growth %	-0.74%	-0.22%	0.4%	0.16%	1.99%	-0.09%	0.59%	-1.86%	3.17%	0.66%
EBITDA+	1.83M	49.5M	69.21M	65.65M	93.1M	70.21M	10.24M	-1.53M	16.61M	32.39M
EBITDA Margin %	0.09%	1.04%	1.03%	0.77%	1.05%	0.69%	0.08%	-0.01%	0.14%	0.23%
EBITDA Growth %	1.72%	25.98%	0.4%	-0.05%	0.42%	-0.25%	-0.85%	-1.15%	11.83%	0.95%
D&A (Non-Cash Add-back)	10.33M	59.83M	75.38M	70.82M	88M	65.58M	2.88M	4.77M	2.92M	9.61M
EBIT	-8M	-10.33M	-6.16M	-5.18M	5.1M	6.48M	9.84M	-4.39M	13.69M	22.78M
Net Interest Income+	-994.12K	0	0	0	-6.15M	-6.18M	-5.75M	-11.16M	-18.91M	-25.2M
Interest Income	0	0	0	0	4.31M	4.3M	5.75M	0	0	0
Interest Expense	994.12K	0	0	0	4.31M	4.3M	8.57M	11.16M	18.91M	-22.14M
Other Income/Expense	-994.12K	-1.93M	-2.17M	-4.28M	-4.31M	-4.3M	-3.31M	3.3M	-18.91M	-22.14M
Pretax Income+	-9M	-12.25M	-8.33M	-9.46M	793.82K	323.15K	4.06M	-3M	-5.22M	642.08K
Pretax Margin %	-0.44%	-0.26%	-0.12%	-0.11%	0.01%	0%	0.03%	-0.03%	-0.04%	0%
Income Tax+	-78.39K	0	0	0	216.4K	663.05K	785.31K	-16.64M	-989.81K	821.35K
Effective Tax Rate %	0.98%	1%	1%	1%	0.73%	-1.05%	0.81%	-4.54%	0.81%	-0.28%
Net Income+	-8.79M	-12.25M	-8.33M	-9.46M	577.41K	-339.9K	3.27M	13.63M	-4.23M	-179.27K
Net Margin %	-0.43%	-0.26%	-0.12%	-0.11%	0.01%	-0%	0.03%	0.12%	-0.04%	-0%
Net Income Growth %	-1.36%	-0.39%	0.32%	-0.14%	1.06%	-1.59%	10.63%	3.17%	-1.31%	0.96%
Net Income (Continuing)	-8.92M	-12.25M	-8.33M	-9.46M	577.41K	-339.9K	3.27M	13.63M	-4.23M	-179.27K
Discontinued Operations	127.79K	0	0	0	0	0	0	0	0	0
Minority Interest	0	4.74M	13.82M	23.95M	28.92M	0	51.72M	91.57M	0	0
EPS (Diluted)+	-1.69	-2.32	-1.57	-0.54	-0.11	-0.17	0.04	0.44	-0.35	-0.22
EPS Growth %	-0.58%	-0.37%	0.32%	0.66%	0.8%	-0.55%	1.21%	11.26%	-1.8%	0.37%
EPS (Basic)	-1.69	-2.33	-1.57	-0.54	-0.11	-0.17	0.04	0.45	-0.35	-0.22
Diluted Shares Outstanding	5.21M	5.29M	5.29M	17.65M	17.67M	21M	23.23M	22.43M	23.96M	21.53M
Basic Shares Outstanding	5.21M	5.25M	5.29M	17.62M	17.67M	21M	21.39M	21.65M	23.96M	21.53M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	15.59M	26.53M	30.96M	45.2M	46.88M	62.27M	76.89M	109.69M	117.43M	170.72M
Cash & Short-Term Investments	3.4M	5.41M	4.97M	6.14M	6.87M	8.54M	4.99M	6.05M	4.41M	10.4M
Cash Only	3.4M	5.41M	4.97M	6.14M	6.87M	8.54M	5.09M	6.05M	4.41M	10.4M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	752.16K	2.18M	4.26M	6.38M	8.27M	10.03M	25.47M	68.47M	80.59M	72.19M
Days Sales Outstanding	13.28	16.74	23.19	27.47	34.01	35.87	74.13	221.06	251.47	188.48
Inventory	11.2M	18.57M	21.42M	32.36M	31.06M	42.82M	40.94M	31.55M	29.13M	0
Days Inventory Outstanding	369.51	289.39	240.87	280.85	188.27	234.22	188.74	3.4K	850.7	-
Other Current Assets	0	0	0	0	0	0	3.67M	121.64K	3.3M	88.12M
Total Non-Current Assets+	1.89M	2.63M	3.04M	3.43M	5.34M	5.98M	7.92M	38.6M	39.06M	38.79M
Property, Plant & Equipment	1.8M	2.54M	2.95M	3.34M	5.26M	5.91M	7.84M	9.49M	10.55M	10.73M
Fixed Asset Turnover	11.50x	18.73x	22.74x	25.39x	16.88x	17.27x	16.00x	11.91x	11.09x	13.02x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	23.42K	20.34K	0	0	0	0	4.96K	15.16M	13.39M	12.26M
Long-Term Investments	66.76K	68.25K	0	0	0	0	-4.96K	0	-3.3M	0
Other Non-Current Assets	66.76K	68.25K	-33.91M	-48.54M	-52.14M	72.32K	-417.59K	1.93M	5.48M	2.59M
Total Assets+	17.48M	29.16M	34.01M	48.63M	52.21M	68.25M	84.81M	148.29M	156.49M	209.51M
Asset Turnover	1.18x	1.63x	1.97x	1.74x	1.70x	1.50x	1.48x	0.76x	0.75x	0.67x
Asset Growth %	1.05%	0.67%	0.17%	0.43%	0.07%	0.31%	0.24%	0.75%	0.06%	0.34%
Total Current Liabilities+	2.52M	4.47M	22.99M	26.11M	7.55M	17.07M	12.59M	12.23M	12.13M	24.03M
Accounts Payable	1.78M	3.92M	7.7M	8.32M	4.57M	7.91M	7.98M	6.51M	7.14M	5.59M
Days Payables Outstanding	58.83	61.05	86.63	72.17	27.69	43.25	36.8	702.38	208.5	602.99
Short-Term Debt	0	0	14.09M	16.07M	1.07M	6M	1.05M	1.21M	198.62K	11.02M
Deferred Revenue (Current)	0	-1000K	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	0	0	0	-287.28K
Current Ratio	6.18x	5.93x	1.35x	1.73x	6.21x	3.65x	6.11x	8.97x	9.68x	7.10x
Quick Ratio	1.74x	1.78x	0.42x	0.49x	2.09x	1.14x	2.86x	6.39x	7.28x	7.10x
Cash Conversion Cycle	323.95	245.07	177.43	236.14	194.59	226.84	226.07	2.92K	893.67	-
Total Non-Current Liabilities+	8.79M	10.16M	4.7M	14.02M	34.7M	40.03M	56.08M	105.03M	115.13M	152.33M
Long-Term Debt	8.79M	10.16M	4.7M	14.02M	32.63M	37.88M	53.81M	94.76M	113.8M	151.29M
Capital Lease Obligations	0	0	0	0	2.07M	1.95M	1.77M	1.57M	1.32M	1.03M
Deferred Tax Liabilities	0	-7.04M	-18.46M	-27.62M	2.07M	0	495.17K	1.57M	0	0
Other Non-Current Liabilities	0	0	0	0	0	204.44K	495.17K	8.7M	0	0
Total Liabilities	11.31M	14.63M	27.68M	40.13M	42.25M	57.1M	68.67M	117.25M	127.26M	176.36M
Total Debt+	8.79M	10.16M	18.79M	30.09M	35.79M	45.98M	56.81M	97.74M	115.57M	163.34M
Net Debt	5.39M	4.74M	13.82M	23.95M	28.92M	37.44M	51.72M	91.69M	111.16M	152.94M
Debt / Equity	1.42x	0.53x	0.93x	0.93x	3.59x	4.12x	3.52x	3.15x	3.95x	4.93x
Debt / EBITDA	4.79x	0.21x	0.27x	0.46x	0.38x	0.65x	5.55x	-	6.96x	5.04x
Net Debt / EBITDA	2.94x	0.10x	0.20x	0.36x	0.31x	0.53x	5.05x	-	6.69x	4.72x
Interest Coverage	-8.54x	-	-	-	1.18x	1.08x	0.86x	-0.56x	0.72x	-
Total Equity+	6.17M	19.27M	20.15M	32.44M	9.97M	11.15M	16.14M	31.03M	29.23M	33.15M
Equity Growth %	-0.03%	2.12%	0.05%	0.61%	-0.69%	0.12%	0.45%	0.92%	-0.06%	0.13%
Book Value per Share	1.18	3.64	3.81	1.84	0.56	0.53	0.70	1.38	1.22	1.54
Total Shareholders' Equity	6.17M	14.53M	6.32M	8.49M	9.97M	11.15M	16.14M	31.03M	29.23M	33.15M
Common Stock	5.21K	529	529	1.76K	1.78K	2.14K	2.14K	2.18K	2.18K	2.52K
Retained Earnings	-18.69M	-30.94M	-39.27M	-48.73M	-48.16M	-48.5M	-45.22M	-31.59M	-35.82M	-36M
Treasury Stock	0	0	0	0	0	0	0	0	-166.76K	-564K
Accumulated OCI	-999K	-2.11M	-3.73M	-5.62M	-7.44M	0	16.14M	0	0	0
Minority Interest	0	4.74M	13.82M	23.95M	28.92M	0	51.72M	91.57M	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-14.16M	-17.37M	-6.6M	-18.16M	-469.46K	-5.21M	-11.26M	-31.24M	-6.66M	-34.95M
Operating CF Margin %	-0.68%	-0.37%	-0.1%	-0.21%	-0.01%	-0.05%	-0.09%	-0.28%	-0.06%	-0.25%
Operating CF Growth %	-1.35%	-0.23%	0.62%	-1.75%	0.97%	-10.09%	-1.16%	-1.78%	0.79%	-4.24%
Net Income	-9M	-12.25M	-8.33M	-9.46M	577.41K	-339.9K	3.27M	13.63M	-4.23M	-179.27K
Depreciation & Amortization	10.33M	24.3M	33.54M	43.05M	60.78M	63.31M	76.49M	77.33M	7.88M	10.77M
Stock-Based Compensation	78.6K	136.31K	113.95K	133.43K	723.39K	1.39M	1.65M	997.83K	1.68M	888.38K
Deferred Taxes	-1.9M	-9.45M	-12.32M	23.37M	34.84M	-31.93M	495.17K	-17.28M	-929.53K	0
Other Non-Cash Items	9.25M	22.73M	31.45M	313.31K	243.62K	2.59M	38.79M	61.74M	85.71M	73.66M
Working Capital Changes	-22.92M	-42.84M	-51.06M	-75.56M	-97.63M	-40.22M	-131.95M	-167.65M	-96.77M	-120.08M
Change in Receivables	-6.27M	-14.71M	-21.21M	-25.36M	-36.73M	30.17M	-60.36M	-101.92M	-44.4M	-63.22M
Change in Inventory	-17.71M	-30.1M	-34.3M	-51.59M	-56.95M	-75.07M	-71.74M	-63.16M	-53.87M	-56.86M
Change in Payables	947.14K	2.13M	3.78M	827.72K	-3.81M	3.34M	74.56K	-1.98M	627.9K	-1.55M
Cash from Investing+	-1.33M	-1.86M	-2.02M	-2.28M	-2.24M	-3.1M	-4.95M	-5.2M	-7.56M	-9.15M
Capital Expenditures	-1.33M	-1.86M	-2.02M	-2.28M	-2.24M	-3.1M	-4.95M	-6.5M	-6.34M	-6.73M
CapEx % of Revenue	0.06%	0.04%	0.03%	0.03%	0.03%	0.03%	0.04%	0.06%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-1.77M	-1.89M	-2.27M	0	0	0	-1.64M	-1.23M	-2.42M
Cash from Financing+	16M	21.24M	8.18M	21.62M	3.44M	9.98M	12.76M	37.52M	12.47M	50.09M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8.55M	42.5K	15K	8.76M	-68.96K	-64.39K	-565.27K	-450.01K	-114.22K	-103.49K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-15.48M	-19.23M	-8.62M	-20.45M	-2.71M	-8.31M	-16.21M	-37.74M	-13M	-43.45M
FCF Margin %	-0.75%	-0.4%	-0.13%	-0.24%	-0.03%	-0.08%	-0.13%	-0.33%	-0.11%	-0.31%
FCF Growth %	-1.16%	-0.24%	0.55%	-1.37%	0.87%	-2.06%	-0.95%	-1.33%	0.66%	-2.34%
FCF per Share	-2.97	-3.64	-1.63	-1.16	-0.15	-0.40	-0.70	-1.68	-0.54	-2.02
FCF Conversion (FCF/Net Income)	1.61x	1.42x	0.79x	1.92x	-0.81x	15.32x	-3.44x	-2.29x	1.57x	194.94x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-140.66%	-96.34%	-42.27%	-35.98%	2.72%	-3.22%	23.98%	57.79%	-14.05%	-0.57%
Return on Invested Capital (ROIC)	-79.56%	-43.55%	-15.94%	-8.6%	8.04%	7.93%	9.49%	-4.96%	7.8%	10.47%
Gross Margin	46.48%	50.77%	51.6%	50.36%	32.17%	34.63%	36.87%	97.01%	89.31%	97.58%
Net Margin	-42.51%	-25.75%	-12.43%	-11.17%	0.65%	-0.33%	2.61%	12.06%	-3.62%	-0.13%
Debt / Equity	1.42x	0.53x	0.93x	0.93x	3.59x	4.12x	3.52x	3.15x	3.95x	4.93x
Interest Coverage	-8.54x	-	-	-	1.18x	1.08x	0.86x	-0.56x	0.72x	-
FCF Conversion	1.61x	1.42x	0.79x	1.92x	-0.81x	15.32x	-3.44x	-2.29x	1.57x	194.94x
Revenue Growth	312.4%	130.07%	40.91%	26.37%	4.79%	14.97%	22.87%	-9.86%	3.47%	19.51%

Revenue by Segment

	2013
Anchor	2.36M
Anchor Growth	-
Flexshopper	119
Flexshopper Growth	-

Frequently Asked Questions

Growth & Financials

FlexShopper, Inc. (FPAY) reported $139.8M in revenue for fiscal year 2024. This represents a 7307% increase from $1.9M in 2011.

FlexShopper, Inc. (FPAY) grew revenue by 19.5% over the past year. This is strong growth.

FlexShopper, Inc. (FPAY) reported a net loss of $1.4M for fiscal year 2024.

Dividend & Returns

FlexShopper, Inc. (FPAY) has a return on equity (ROE) of -0.6%. Negative ROE indicates the company is unprofitable.

FlexShopper, Inc. (FPAY) had negative free cash flow of $42.6M in fiscal year 2024, likely due to heavy capital investments.

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FlexShopper, Inc. (FPAY) 10-Year Financial Performance & Capital Metrics

FPAY • • Industrial / General

IndustrialsRental & LeasingConsumer Lease-to-Own ServicesConsumer Electronics & Goods LTO

Revenue $140M +19.5%
EBITDA $32M +95.0%
Net Income -$179K +95.8%
EPS (Diluted) -0.22 +37.1%
Gross Margin 97.58% +9.3%
EBITDA Margin 23.17% +63.1%
Operating Margin 16.29% +39.2%
Net Margin -0.13% +96.5%
ROE -0.57% +95.9%
ROIC 10.47% +34.1%
Debt/Equity 4.93 +24.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 10.1% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 4.9x
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 0 (bottom 0%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y39.48%

5Y9.5%

3Y3.68%

TTM19.51%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM68.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM-24.42%

ROCE

10Y Avg-14.3%

5Y Avg7.82%

3Y Avg5.84%

Latest13.81%

Peer Comparison

Consumer Electronics & Goods LTO

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FPAYFlexShopper, Inc.	2.46K	0.00	-0.00	19.51%	-0.97%	-4.08%		4.93

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	20.68M	47.58M	67.05M	84.73M	88.79M	102.08M	125.43M	113.06M	116.98M	139.8M
Revenue Growth %	3.12%	1.3%	0.41%	0.26%	0.05%	0.15%	0.23%	-0.1%	0.03%	0.2%
Cost of Goods Sold+	11.07M	23.42M	32.45M	42.06M	60.22M	66.73M	79.18M	3.38M	12.5M	3.38M
COGS % of Revenue	0.54%	0.49%	0.48%	0.5%	0.68%	0.65%	0.63%	0.03%	0.11%	0.02%
Gross Profit+	9.61M	24.16M	34.59M	42.67M	28.57M	35.35M	46.25M	109.67M	104.48M	136.42M
Gross Margin %	0.46%	0.51%	0.52%	0.5%	0.32%	0.35%	0.37%	0.97%	0.89%	0.98%
Gross Profit Growth %	4.71%	1.51%	0.43%	0.23%	-0.33%	0.24%	0.31%	1.37%	-0.05%	0.31%
Operating Expenses+	18.1M	34.49M	40.76M	46.53M	23.46M	30.73M	38.88M	115.98M	90.79M	113.64M
OpEx % of Revenue	0.88%	0.72%	0.61%	0.55%	0.26%	0.3%	0.31%	1.03%	0.78%	0.81%
Selling, General & Admin	19.72M	16.14M	13.96M	18.19M	12.12M	16.32M	20.62M	22.02M	20.12M	36.96M
SG&A % of Revenue	0.95%	0.34%	0.21%	0.21%	0.14%	0.16%	0.16%	0.19%	0.17%	0.26%
Research & Development	0	0	0	0	105.58K	0	0	0	0	0
R&D % of Revenue	-	0%	0%	0%	0%	-	-	-	-	-
Other Operating Expenses	-1.62M	18.35M	23.54M	28.34M	11.24M	14.4M	18.27M	93.95M	70.67M	76.68M
Operating Income+	-8.49M	-10.33M	-6.16M	-5.18M	5.1M	4.63M	7.36M	-6.3M	13.69M	22.78M
Operating Margin %	-0.41%	-0.22%	-0.09%	-0.06%	0.06%	0.05%	0.06%	-0.06%	0.12%	0.16%
Operating Income Growth %	-0.74%	-0.22%	0.4%	0.16%	1.99%	-0.09%	0.59%	-1.86%	3.17%	0.66%
EBITDA+	1.83M	49.5M	69.21M	65.65M	93.1M	70.21M	10.24M	-1.53M	16.61M	32.39M
EBITDA Margin %	0.09%	1.04%	1.03%	0.77%	1.05%	0.69%	0.08%	-0.01%	0.14%	0.23%
EBITDA Growth %	1.72%	25.98%	0.4%	-0.05%	0.42%	-0.25%	-0.85%	-1.15%	11.83%	0.95%
D&A (Non-Cash Add-back)	10.33M	59.83M	75.38M	70.82M	88M	65.58M	2.88M	4.77M	2.92M	9.61M
EBIT	-8M	-10.33M	-6.16M	-5.18M	5.1M	6.48M	9.84M	-4.39M	13.69M	22.78M
Net Interest Income+	-994.12K	0	0	0	-6.15M	-6.18M	-5.75M	-11.16M	-18.91M	-25.2M
Interest Income	0	0	0	0	4.31M	4.3M	5.75M	0	0	0
Interest Expense	994.12K	0	0	0	4.31M	4.3M	8.57M	11.16M	18.91M	-22.14M
Other Income/Expense	-994.12K	-1.93M	-2.17M	-4.28M	-4.31M	-4.3M	-3.31M	3.3M	-18.91M	-22.14M
Pretax Income+	-9M	-12.25M	-8.33M	-9.46M	793.82K	323.15K	4.06M	-3M	-5.22M	642.08K
Pretax Margin %	-0.44%	-0.26%	-0.12%	-0.11%	0.01%	0%	0.03%	-0.03%	-0.04%	0%
Income Tax+	-78.39K	0	0	0	216.4K	663.05K	785.31K	-16.64M	-989.81K	821.35K
Effective Tax Rate %	0.98%	1%	1%	1%	0.73%	-1.05%	0.81%	-4.54%	0.81%	-0.28%
Net Income+	-8.79M	-12.25M	-8.33M	-9.46M	577.41K	-339.9K	3.27M	13.63M	-4.23M	-179.27K
Net Margin %	-0.43%	-0.26%	-0.12%	-0.11%	0.01%	-0%	0.03%	0.12%	-0.04%	-0%
Net Income Growth %	-1.36%	-0.39%	0.32%	-0.14%	1.06%	-1.59%	10.63%	3.17%	-1.31%	0.96%
Net Income (Continuing)	-8.92M	-12.25M	-8.33M	-9.46M	577.41K	-339.9K	3.27M	13.63M	-4.23M	-179.27K
Discontinued Operations	127.79K	0	0	0	0	0	0	0	0	0
Minority Interest	0	4.74M	13.82M	23.95M	28.92M	0	51.72M	91.57M	0	0
EPS (Diluted)+	-1.69	-2.32	-1.57	-0.54	-0.11	-0.17	0.04	0.44	-0.35	-0.22
EPS Growth %	-0.58%	-0.37%	0.32%	0.66%	0.8%	-0.55%	1.21%	11.26%	-1.8%	0.37%
EPS (Basic)	-1.69	-2.33	-1.57	-0.54	-0.11	-0.17	0.04	0.45	-0.35	-0.22
Diluted Shares Outstanding	5.21M	5.29M	5.29M	17.65M	17.67M	21M	23.23M	22.43M	23.96M	21.53M
Basic Shares Outstanding	5.21M	5.25M	5.29M	17.62M	17.67M	21M	21.39M	21.65M	23.96M	21.53M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	15.59M	26.53M	30.96M	45.2M	46.88M	62.27M	76.89M	109.69M	117.43M	170.72M
Cash & Short-Term Investments	3.4M	5.41M	4.97M	6.14M	6.87M	8.54M	4.99M	6.05M	4.41M	10.4M
Cash Only	3.4M	5.41M	4.97M	6.14M	6.87M	8.54M	5.09M	6.05M	4.41M	10.4M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	752.16K	2.18M	4.26M	6.38M	8.27M	10.03M	25.47M	68.47M	80.59M	72.19M
Days Sales Outstanding	13.28	16.74	23.19	27.47	34.01	35.87	74.13	221.06	251.47	188.48
Inventory	11.2M	18.57M	21.42M	32.36M	31.06M	42.82M	40.94M	31.55M	29.13M	0
Days Inventory Outstanding	369.51	289.39	240.87	280.85	188.27	234.22	188.74	3.4K	850.7	-
Other Current Assets	0	0	0	0	0	0	3.67M	121.64K	3.3M	88.12M
Total Non-Current Assets+	1.89M	2.63M	3.04M	3.43M	5.34M	5.98M	7.92M	38.6M	39.06M	38.79M
Property, Plant & Equipment	1.8M	2.54M	2.95M	3.34M	5.26M	5.91M	7.84M	9.49M	10.55M	10.73M
Fixed Asset Turnover	11.50x	18.73x	22.74x	25.39x	16.88x	17.27x	16.00x	11.91x	11.09x	13.02x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	23.42K	20.34K	0	0	0	0	4.96K	15.16M	13.39M	12.26M
Long-Term Investments	66.76K	68.25K	0	0	0	0	-4.96K	0	-3.3M	0
Other Non-Current Assets	66.76K	68.25K	-33.91M	-48.54M	-52.14M	72.32K	-417.59K	1.93M	5.48M	2.59M
Total Assets+	17.48M	29.16M	34.01M	48.63M	52.21M	68.25M	84.81M	148.29M	156.49M	209.51M
Asset Turnover	1.18x	1.63x	1.97x	1.74x	1.70x	1.50x	1.48x	0.76x	0.75x	0.67x
Asset Growth %	1.05%	0.67%	0.17%	0.43%	0.07%	0.31%	0.24%	0.75%	0.06%	0.34%
Total Current Liabilities+	2.52M	4.47M	22.99M	26.11M	7.55M	17.07M	12.59M	12.23M	12.13M	24.03M
Accounts Payable	1.78M	3.92M	7.7M	8.32M	4.57M	7.91M	7.98M	6.51M	7.14M	5.59M
Days Payables Outstanding	58.83	61.05	86.63	72.17	27.69	43.25	36.8	702.38	208.5	602.99
Short-Term Debt	0	0	14.09M	16.07M	1.07M	6M	1.05M	1.21M	198.62K	11.02M
Deferred Revenue (Current)	0	-1000K	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	0	0	0	-287.28K
Current Ratio	6.18x	5.93x	1.35x	1.73x	6.21x	3.65x	6.11x	8.97x	9.68x	7.10x
Quick Ratio	1.74x	1.78x	0.42x	0.49x	2.09x	1.14x	2.86x	6.39x	7.28x	7.10x
Cash Conversion Cycle	323.95	245.07	177.43	236.14	194.59	226.84	226.07	2.92K	893.67	-
Total Non-Current Liabilities+	8.79M	10.16M	4.7M	14.02M	34.7M	40.03M	56.08M	105.03M	115.13M	152.33M
Long-Term Debt	8.79M	10.16M	4.7M	14.02M	32.63M	37.88M	53.81M	94.76M	113.8M	151.29M
Capital Lease Obligations	0	0	0	0	2.07M	1.95M	1.77M	1.57M	1.32M	1.03M
Deferred Tax Liabilities	0	-7.04M	-18.46M	-27.62M	2.07M	0	495.17K	1.57M	0	0
Other Non-Current Liabilities	0	0	0	0	0	204.44K	495.17K	8.7M	0	0
Total Liabilities	11.31M	14.63M	27.68M	40.13M	42.25M	57.1M	68.67M	117.25M	127.26M	176.36M
Total Debt+	8.79M	10.16M	18.79M	30.09M	35.79M	45.98M	56.81M	97.74M	115.57M	163.34M
Net Debt	5.39M	4.74M	13.82M	23.95M	28.92M	37.44M	51.72M	91.69M	111.16M	152.94M
Debt / Equity	1.42x	0.53x	0.93x	0.93x	3.59x	4.12x	3.52x	3.15x	3.95x	4.93x
Debt / EBITDA	4.79x	0.21x	0.27x	0.46x	0.38x	0.65x	5.55x	-	6.96x	5.04x
Net Debt / EBITDA	2.94x	0.10x	0.20x	0.36x	0.31x	0.53x	5.05x	-	6.69x	4.72x
Interest Coverage	-8.54x	-	-	-	1.18x	1.08x	0.86x	-0.56x	0.72x	-
Total Equity+	6.17M	19.27M	20.15M	32.44M	9.97M	11.15M	16.14M	31.03M	29.23M	33.15M
Equity Growth %	-0.03%	2.12%	0.05%	0.61%	-0.69%	0.12%	0.45%	0.92%	-0.06%	0.13%
Book Value per Share	1.18	3.64	3.81	1.84	0.56	0.53	0.70	1.38	1.22	1.54
Total Shareholders' Equity	6.17M	14.53M	6.32M	8.49M	9.97M	11.15M	16.14M	31.03M	29.23M	33.15M
Common Stock	5.21K	529	529	1.76K	1.78K	2.14K	2.14K	2.18K	2.18K	2.52K
Retained Earnings	-18.69M	-30.94M	-39.27M	-48.73M	-48.16M	-48.5M	-45.22M	-31.59M	-35.82M	-36M
Treasury Stock	0	0	0	0	0	0	0	0	-166.76K	-564K
Accumulated OCI	-999K	-2.11M	-3.73M	-5.62M	-7.44M	0	16.14M	0	0	0
Minority Interest	0	4.74M	13.82M	23.95M	28.92M	0	51.72M	91.57M	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-14.16M	-17.37M	-6.6M	-18.16M	-469.46K	-5.21M	-11.26M	-31.24M	-6.66M	-34.95M
Operating CF Margin %	-0.68%	-0.37%	-0.1%	-0.21%	-0.01%	-0.05%	-0.09%	-0.28%	-0.06%	-0.25%
Operating CF Growth %	-1.35%	-0.23%	0.62%	-1.75%	0.97%	-10.09%	-1.16%	-1.78%	0.79%	-4.24%
Net Income	-9M	-12.25M	-8.33M	-9.46M	577.41K	-339.9K	3.27M	13.63M	-4.23M	-179.27K
Depreciation & Amortization	10.33M	24.3M	33.54M	43.05M	60.78M	63.31M	76.49M	77.33M	7.88M	10.77M
Stock-Based Compensation	78.6K	136.31K	113.95K	133.43K	723.39K	1.39M	1.65M	997.83K	1.68M	888.38K
Deferred Taxes	-1.9M	-9.45M	-12.32M	23.37M	34.84M	-31.93M	495.17K	-17.28M	-929.53K	0
Other Non-Cash Items	9.25M	22.73M	31.45M	313.31K	243.62K	2.59M	38.79M	61.74M	85.71M	73.66M
Working Capital Changes	-22.92M	-42.84M	-51.06M	-75.56M	-97.63M	-40.22M	-131.95M	-167.65M	-96.77M	-120.08M
Change in Receivables	-6.27M	-14.71M	-21.21M	-25.36M	-36.73M	30.17M	-60.36M	-101.92M	-44.4M	-63.22M
Change in Inventory	-17.71M	-30.1M	-34.3M	-51.59M	-56.95M	-75.07M	-71.74M	-63.16M	-53.87M	-56.86M
Change in Payables	947.14K	2.13M	3.78M	827.72K	-3.81M	3.34M	74.56K	-1.98M	627.9K	-1.55M
Cash from Investing+	-1.33M	-1.86M	-2.02M	-2.28M	-2.24M	-3.1M	-4.95M	-5.2M	-7.56M	-9.15M
Capital Expenditures	-1.33M	-1.86M	-2.02M	-2.28M	-2.24M	-3.1M	-4.95M	-6.5M	-6.34M	-6.73M
CapEx % of Revenue	0.06%	0.04%	0.03%	0.03%	0.03%	0.03%	0.04%	0.06%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-1.77M	-1.89M	-2.27M	0	0	0	-1.64M	-1.23M	-2.42M
Cash from Financing+	16M	21.24M	8.18M	21.62M	3.44M	9.98M	12.76M	37.52M	12.47M	50.09M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8.55M	42.5K	15K	8.76M	-68.96K	-64.39K	-565.27K	-450.01K	-114.22K	-103.49K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-15.48M	-19.23M	-8.62M	-20.45M	-2.71M	-8.31M	-16.21M	-37.74M	-13M	-43.45M
FCF Margin %	-0.75%	-0.4%	-0.13%	-0.24%	-0.03%	-0.08%	-0.13%	-0.33%	-0.11%	-0.31%
FCF Growth %	-1.16%	-0.24%	0.55%	-1.37%	0.87%	-2.06%	-0.95%	-1.33%	0.66%	-2.34%
FCF per Share	-2.97	-3.64	-1.63	-1.16	-0.15	-0.40	-0.70	-1.68	-0.54	-2.02
FCF Conversion (FCF/Net Income)	1.61x	1.42x	0.79x	1.92x	-0.81x	15.32x	-3.44x	-2.29x	1.57x	194.94x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-140.66%	-96.34%	-42.27%	-35.98%	2.72%	-3.22%	23.98%	57.79%	-14.05%	-0.57%
Return on Invested Capital (ROIC)	-79.56%	-43.55%	-15.94%	-8.6%	8.04%	7.93%	9.49%	-4.96%	7.8%	10.47%
Gross Margin	46.48%	50.77%	51.6%	50.36%	32.17%	34.63%	36.87%	97.01%	89.31%	97.58%
Net Margin	-42.51%	-25.75%	-12.43%	-11.17%	0.65%	-0.33%	2.61%	12.06%	-3.62%	-0.13%
Debt / Equity	1.42x	0.53x	0.93x	0.93x	3.59x	4.12x	3.52x	3.15x	3.95x	4.93x
Interest Coverage	-8.54x	-	-	-	1.18x	1.08x	0.86x	-0.56x	0.72x	-
FCF Conversion	1.61x	1.42x	0.79x	1.92x	-0.81x	15.32x	-3.44x	-2.29x	1.57x	194.94x
Revenue Growth	312.4%	130.07%	40.91%	26.37%	4.79%	14.97%	22.87%	-9.86%	3.47%	19.51%

Revenue by Segment

	2013
Anchor	2.36M
Anchor Growth	-
Flexshopper	119
Flexshopper Growth	-

Frequently Asked Questions

Growth & Financials

FlexShopper, Inc. (FPAY) reported $139.8M in revenue for fiscal year 2024. This represents a 7307% increase from $1.9M in 2011.

FlexShopper, Inc. (FPAY) grew revenue by 19.5% over the past year. This is strong growth.

FlexShopper, Inc. (FPAY) reported a net loss of $1.4M for fiscal year 2024.

Dividend & Returns

FlexShopper, Inc. (FPAY) has a return on equity (ROE) of -0.6%. Negative ROE indicates the company is unprofitable.

FlexShopper, Inc. (FPAY) had negative free cash flow of $42.6M in fiscal year 2024, likely due to heavy capital investments.