FlexShopper, Inc. (FPAY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 | Q1'20 |
|---|
| Sales/Revenue | 35.51M | 38.59M | 31.76M | 33.94M | 30.27M | 31.39M | 24.53M | 30.79M | 21.41M | 26.14M | 36.55M | 28.96M | 31.09M | 30.86M | 30.69M | 32.78M | 28.14M | 24.57M | 24.53M | 24.84M |
| Revenue Growth % | 17.3% | 22.95% | 29.46% | 10.26% | 41.38% | 20.06% | -32.88% | 6.32% | -31.14% | -15.29% | 19.09% | -11.68% | 10.49% | 25.6% | 25.11% | 31.96% | 25.29% | 7.14% | 18.71% | 9.29% |
| Cost of Goods Sold | -49.33M | 16.09M | 18.19M | 18.43M | 16.73M | 14.45M | 16.14M | 17.18M | 17.57M | 19.77M | 19.01M | 19.59M | 18.88M | 18.17M | 19.6M | 22.53M | 17.07M | 15.65M | 17.19M | 16.83M |
| COGS % of Revenue | -138.91% | 41.69% | 57.27% | 54.31% | 55.27% | 46.04% | 65.8% | 55.8% | 82.05% | 75.64% | 52.02% | 67.64% | 60.71% | 58.88% | 63.88% | 68.71% | 60.64% | 63.7% | 70.07% | 67.74% |
| Gross Profit | 84.83M | 22.5M | 13.57M | 15.51M | 13.54M | 16.94M | 8.39M | 13.61M | 3.84M | 6.37M | 17.54M | 9.37M | 12.22M | 12.69M | 11.09M | 10.26M | 11.08M | 8.92M | 7.34M | 8.02M |
| Gross Margin % | 238.91% | 58.31% | 42.73% | 45.69% | 44.73% | 53.96% | 34.21% | 44.2% | 17.95% | 24.36% | 47.98% | 32.36% | 39.29% | 41.12% | 36.12% | 31.29% | 39.36% | 36.3% | 29.93% | 32.26% |
| Gross Profit Growth % | 526.53% | 32.86% | 61.74% | 13.99% | 252.38% | 165.97% | -52.15% | 45.23% | -68.55% | -49.82% | 58.19% | -8.65% | 10.3% | 42.26% | 51.02% | 27.97% | 46.74% | 8.43% | 24.31% | 16.35% |
| Operating Expenses | 24.3M | 12.94M | 24.1M | 9.73M | 7.46M | 10.55M | 10.01M | 9.45M | 7.4M | 10.92M | 12.11M | 10.16M | 11.33M | 8.09M | 9.03M | 8.42M | 9.74M | 7.21M | 6.08M | 6.28M |
| OpEx % of Revenue | 68.43% | 33.54% | 75.88% | 28.68% | 24.66% | 33.62% | 40.8% | 30.71% | 34.56% | 41.76% | 33.14% | 35.09% | 36.44% | 26.2% | 29.43% | 25.67% | 34.62% | 29.36% | 24.79% | 25.28% |
| Selling, General & Admin | 10.02M | 8.89M | 9.35M | 8.02M | 9.03M | 8.08M | 7.53M | 3.83M | 18.72M | 5.21M | 10.56M | 8.72M | 6.72M | 7.12M | 7.28M | 6.29M | 5.38M | 5.22M | 4.41M | 4.88M |
| SG&A % of Revenue | 28.21% | 23.05% | 29.45% | 23.62% | 29.83% | 25.75% | 30.71% | 12.43% | 87.44% | 19.94% | 28.91% | 30.1% | 21.61% | 23.07% | 23.73% | 19.2% | 19.1% | 21.24% | 17.98% | 19.66% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 0 | 1000K | 1000K | 1000K | 967.47K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 5.8M | 9.56M | 2.38M | 5.04M | 5.62M | 5.95M | -2.03M | 4.15M | -5.47M | -4.55M | 5M | -1.28M | 887.7K | 3.87M | 1.21M | 1.4M | 1.33M | 1.24M | 789.06K | 1.26M |
| Operating Margin % | 16.33% | 24.77% | 7.48% | 14.86% | 18.55% | 18.96% | -8.28% | 13.49% | -25.57% | -17.4% | 13.69% | -4.43% | 2.85% | 12.53% | 3.95% | 4.27% | 4.74% | 5.05% | 3.22% | 5.09% |
| Operating Income Growth % | 3.26% | 60.56% | 217.02% | 21.47% | 202.6% | 230.86% | -140.61% | 423.75% | -716.71% | -217.66% | 313.09% | -191.6% | -33.39% | 211.59% | 53.48% | 10.84% | 418.77% | -49.35% | 10.82% | -25.05% |
| EBITDA | 12.98M | 11.99M | 4.76M | 7.36M | 7.82M | 7.92M | -146.78K | 5.98M | -4.01M | 15.44M | 6.12M | -345.58K | 1.73M | 4.57M | 1.88M | 2.05M | 2.02M | 16.77M | 17.38M | 18.01M |
| EBITDA Margin % | 36.55% | 31.08% | 14.99% | 21.68% | 25.84% | 25.22% | -0.6% | 19.42% | -18.72% | 59.07% | 16.76% | -1.19% | 5.57% | 14.82% | 6.14% | 6.26% | 7.18% | 68.26% | 70.85% | 72.51% |
| EBITDA Growth % | 65.9% | 51.5% | 3342.85% | 23.09% | 295.15% | -48.73% | -102.4% | 1830.03% | -331.6% | 237.57% | 225.16% | -116.84% | -14.32% | -72.72% | -89.16% | -88.61% | -86.85% | -3.29% | 11.23% | 2.66% |
| D&A (Non-Cash Add-back) | 7.18M | 2.44M | 2.38M | 2.32M | 2.21M | 1.96M | 1.88M | 1.83M | 1.47M | 19.99M | 1.12M | 937.06K | 843.09K | 708.76K | 672.66K | 651.39K | 687.39K | 15.53M | 16.59M | 16.75M |
| EBIT | 6.47M | 10.46M | 3.12M | 5.78M | 6.08M | 6.38M | -1.62M | 4.59M | -4.86M | -4.55M | 5.43M | -113.8K | 1.34M | 4.6M | 2.06M | 1.84M | 1.33M | 1.24M | 789.06K | 1.26M |
| Net Interest Income | -6.59M | -6.35M | -6.12M | -6.14M | -6.2M | 0 | -5.1M | -6.23M | -5.74M | 0 | 0 | 0 | 0 | -1.23M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 6.22M | 6.36M | 4.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -41.2M | 6.58M | 6.23M | 6.26M | 6.15M | 0 | 4.57M | 4.53M | 3.83M | 0 | 0 | 0 | 0 | 1.23M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -5.92M | -5.67M | -5.23M | -5.32M | -5.07M | -4.75M | -4.57M | -4.53M | 10.64M | -3.03M | -2.35M | -1.96M | -1.38M | -1.23M | 709.42K | -1.4M | -1.09M | -951.34K | -1.05M | -1.21M |
| Pretax Income | -122.62K | 3.88M | -2.85M | -271.11K | 549.59K | 1.21M | -6.6M | -378.75K | 5.16M | -7.58M | 2.65M | -3.24M | -495.84K | 2.63M | 1.92M | 1.24K | 244.17K | 289.36K | -262.06K | 51.69K |
| Pretax Margin % | -0.35% | 10.07% | -8.97% | -0.8% | 1.82% | 3.84% | -26.9% | -1.23% | 24.11% | -28.99% | 7.26% | -11.19% | -1.59% | 8.53% | 6.26% | 0% | 0.87% | 1.18% | -1.07% | 0.21% |
| Income Tax | 605.8K | 1.52M | -1.25M | -56.93K | 195.44K | 265.52K | -1.3M | -148.54K | -2.74M | -1.3M | -11.73M | -859.78K | -1.13M | 936.23K | 978.24K | 0 | 663.05K | 0 | 0 | 0 |
| Effective Tax Rate % | -494.06% | 39.09% | 43.73% | 21% | 35.56% | 22.02% | 19.73% | 39.22% | -53.14% | 17.13% | -442.02% | 26.53% | 227.73% | 35.57% | 50.94% | 0% | 271.55% | 0% | 0% | 0% |
| Net Income | -1.9M | 2.37M | -1.6M | -214.18K | 354.15K | 940.1K | -5.3M | -230.22K | 7.9M | -6.28M | 14.39M | -2.38M | 633.32K | 1.7M | 942.19K | 1.24K | -418.88K | 289.36K | -262.06K | 51.69K |
| Net Margin % | -5.35% | 6.13% | -5.05% | -0.63% | 1.17% | 3% | -21.59% | -0.75% | 36.91% | -24.02% | 39.37% | -8.22% | 2.04% | 5.5% | 3.07% | 0% | -1.49% | 1.18% | -1.07% | 0.21% |
| Net Income Growth % | -636.49% | 151.72% | 69.74% | 6.97% | -95.52% | 114.97% | -136.82% | 90.33% | 1148.01% | -470.3% | 1427.2% | -192576.56% | 251.19% | 486.13% | 459.53% | -97.61% | 58.29% | -79.15% | 15.45% | -89.74% |
| Net Income (Continuing) | -728.41K | 2.37M | -1.6M | -214.18K | 354.15K | 940.1K | -5.3M | -230.22K | 7.9M | -6.28M | 14.39M | -2.38M | 633.32K | 1.7M | 942.19K | 1.24K | -418.88K | 289.36K | -262.06K | 51.69K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09 | 0.05 | -0.13 | -0.06 | -0.03 | 0.04 | -0.18 | -0.01 | 0.27 | -0.29 | 0.52 | -0.11 | 0.00 | 0.05 | 0.01 | -0.03 | -0.02 | -0.02 | -0.01 | -0.06 |
| EPS Growth % | -168.09% | 23.56% | 27.78% | -461.32% | -112.19% | 114.93% | -134.62% | 90.36% | - | -680% | 5100% | -266.67% | 105.1% | 350% | 181.3% | 50% | 65.43% | -150% | 29.71% | -500% |
| EPS (Basic) | -0.09 | 0.06 | -0.13 | -0.06 | -0.03 | 0.04 | -0.18 | -0.01 | 0.27 | -0.29 | 0.54 | -0.11 | 0.00 | 0.05 | 0.02 | -0.03 | -0.02 | -0.02 | -0.01 | -0.06 |
| Diluted Shares Outstanding | 21.54M | 22.23M | 21.47M | 21.59M | 21.75M | 21.72M | 28.92M | 21.75M | 21.75M | 21.68M | 27.9M | 21.55M | 22.46M | 23.58M | 23.6M | 21.37M | 21.36M | 21.36M | 21.35M | 19.9M |
| Basic Shares Outstanding | 21.54M | 21.59M | 21.47M | 21.59M | 21.75M | 21.72M | 28.92M | 21.75M | 21.75M | 21.68M | 26.7M | 21.36M | 20.71M | 21.38M | 21.61M | 21.37M | 20.64M | 21.36M | 21.35M | 19.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |