Performant Healthcare, Inc.

Performant Healthcare, Inc.verified

PHLT

Price:

$7.75

Market Cap:

$611.64M

Performant Healthcare, Inc. provides technology-enabled payment integrity, eligibility, and related analytics services. It supports healthcare payers in identifying, preventing, and recovering waste and improper payments through advanced technology, analytics, and proprietary data assets. The company offers coordination-of-benefits services, as well as claims-based services, which includes the audit and identification of improperly paid claims. It also provides advanced reporting capabilities, support services, customer care, and stakeholder training programs to mitigate future instances of improper payments. The company was formerly known as Performant Financial Corporation and changed its ...[Read more]

Industry

Information Technology Services

IPO Date

2024-12-03

Stock Exchange

NASDAQ

Ticker

PHLT

The Current Ratio as of November 2025 (TTM) for Performant Healthcare, Inc. (PHLT) is 2.64

According to Performant Healthcare, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.64. This represents a change of -0.46% compared to the average of 2.65 of the last 4 quarters.

Performant Healthcare, Inc. (PHLT) Historical Current Ratio (quarterly & annually)

How has PHLT Current Ratio performed in the past?

The mean historical Current Ratio of Performant Healthcare, Inc. over the last ten years is 2.27. The current 2.64 Current Ratio has changed 11.53% with respect to the historical average. Over the past ten years (40 quarters), PHLT's Current Ratio was at its highest in in the September 2022 quarter at 4.22. The Current Ratio was at its lowest in in the September 2020 quarter at 0.65.

Quarterly (TTM)
Annual

Average

2.27

Median

2.14

Minimum

0.71

Maximum

4.05

Performant Healthcare, Inc. (PHLT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Performant Healthcare, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 342.55%

Maximum Annual Current Ratio = 4.05

Minimum Annual Increase = -62.92%

Minimum Annual Current Ratio = 0.71

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.75-14.56%
20233.21-20.61%
20224.0529.54%
20213.12342.55%
20200.71-62.92%
20191.90-15.53%
20182.2574.87%
20171.29-7.87%
20161.40-31.21%
20152.03-6.19%

Performant Healthcare, Inc. (PHLT) Average Current Ratio

How has PHLT Current Ratio performed in the past?

The current Current Ratio of Performant Healthcare, Inc. (PHLT) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

3.34

5-year avg

2.77

10-year avg

2.27

Performant Healthcare, Inc. (PHLT) Current Ratio vs. Peers

How is PHLT’s Current Ratio compared to its peers?

Performant Healthcare, Inc.’s Current Ratio is greater than Paysafe Limited (1.20), greater than IBEX Limited (1.82), greater than The Hackett Group, Inc. (1.88), greater than TSS, Inc. (1.52), less than Telos Corporation (2.76), greater than LZ Technology Holdings Limited Class B Ordinary Shares (1.19), less than Grid Dynamics Holdings, Inc. (7.63), greater than POET Technologies Inc. (2.30), greater than Sprout Social, Inc. (0.89), greater than Arqit Quantum Inc. (2.45),

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