FlexShopper, Inc.
FlexShopper, Inc. (FPAY) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for FlexShopper, Inc. (FPAY), covering cash flow, earnings, and balance sheets.
FlexShopper, Inc. (FPAY) Income Statement & Financial Overview
Access detailed annual and quarterly income data for FlexShopper, Inc. FPAY financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $35.51M | $38.59M | $31.76M | $33.94M |
| Cost of Revenue | -$49.33M | $16.09M | $18.19M | $18.43M |
| Gross Profit | $84.83M | $22.50M | $13.57M | $15.51M |
| Gross Profit Ratio | $2.39 | $0.58 | $0.43 | $0.46 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $10.02M | $8.89M | $9.35M | $8.02M |
| Operating Expenses | $24.30M | $12.94M | $27.43M | $9.73M |
| Total Costs & Expenses | $29.71M | $29.03M | $29.38M | $28.17M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $6.58M | $6.23M | $0.00 |
| Depreciation & Amortization | $7.18M | $2.44M | $2.38M | $2.32M |
| EBITDA | $13.65M | $12.85M | $5.50M | $8.09M |
| EBITDA Ratio | $0.38 | $0.33 | $0.17 | $0.24 |
| Operating Income | $5.80M | $9.56M | $2.38M | $5.78M |
| Operating Income Ratio | $0.16 | $0.25 | $0.07 | $0.17 |
| Other Income/Expenses (Net) | -$5.92M | -$5.67M | -$5.23M | -$5.32M |
| Income Before Tax | -$122616.00 | $3.88M | -$2.85M | -$271112.00 |
| Income Before Tax Ratio | -$0.003 | $0.10 | -$0.09 | -$0.008 |
| Income Tax Expense | $605799.00 | $1.52M | -$1.25M | -$56933.00 |
| Net Income | -$1.90M | $2.37M | -$1.60M | -$214179.00 |
| Net Income Ratio | -$0.05 | $0.06 | -$0.05 | -$0.006 |
| EPS | -$0.09 | $0.06 | -$0.13 | -$0.010 |
| Diluted EPS | -$0.09 | $0.05 | -$0.13 | -$0.010 |
| Weighted Avg Shares Outstanding | $21.54M | $21.59M | $21.47M | $21.59M |
| Weighted Avg Shares Outstanding (Diluted) | $21.54M | $22.23M | $21.47M | $21.59M |
Over the last four quarters, FlexShopper, Inc. achieved steady financial progress, growing revenue from $33.94M in Q1 2024 to $35.51M in Q4 2024. Gross profit stayed firm with margins at 239% in Q4 2024 versus 46% in Q1 2024. Operating income totaled $5.80M in Q4 2024, maintaining a 16% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $13.65M. Net income dropped to -$1.90M, with EPS at -$0.09. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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