Private company

Benefitfocus, Inc.

Last updated Oct 16, 2026.

Overview

  • IndustryServices-Prepackaged Software
  • HeadquartersDE
  • Incorporated inDE2
  • Business address100 Benefitfocus Way, Charleston, Sc 294922
  • Filer categoryAccelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

53.4%Gross margin3
-2.2%Operating margin3
-12.2%Net margin3
-1.9%Revenue growth, 20213
$21.7MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue47¢$122.7M
  • Research and development17¢$44.7M
  • Other costs35¢$92.7M
  • Income tax1¢$3.0M

Out of $263.1M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending35¢$11.8M
  • Kept or used elsewhere65¢$21.7M

Out of $33.5M of cash from operations.3

Financial statements

Revenue45673$263.1M in 2021+42% since 2015
0$100.0M$200.0M$300.0M2015: $185.1M$185.1M20152016: $236.5M$236.5M2016+28%2017: $236.8M$236.8M2017+0%2018: $258.7M$258.7M2018+9%2019: $295.7M$295.7M2019+14%2020: $268.1M$268.1M2020−9%2021: $263.1M$263.1M2021−2%
Gross profit45673$140.4M in 2021+71% since 2015
0$50.0M$100.0M$150.0M$200.0M2015: $82.3M$82.3M20152016: $113.2M$113.2M2016+38%2017: $109.5M$109.5M2017−3%2018: $129.4M$129.4M2018+18%2019: $151.6M$151.6M2019+17%2020: $138.8M$138.8M2020−8%2021: $140.4M$140.4M2021+1%
Operating income45673-$5.7M in 2021−89% since 2015
-$60.0M-$40.0M-$20.0M02015: -$54.3M-$54.3M20152016: -$32.5M-$32.5M2016−40%2017: -$37.9M-$37.9M2017+17%2018: -$39.7M-$39.7M2018+5%2019: -$24.5M-$24.5M2019−38%2020: -$3.0M-$3.0M2020−88%2021: -$5.7M-$5.7M2021+92%
Net income45673-$32.2M in 2021−48% since 2015
-$80.0M-$60.0M-$40.0M-$20.0M02015: -$62.1M-$62.1M20152016: -$40.3M-$40.3M2016−35%2017: -$50.3M-$50.3M2017+25%2018: -$52.6M-$52.6M2018+5%2019: -$45.5M-$45.5M2019−14%2020: -$24.3M-$24.3M2020−47%2021: -$32.2M-$32.2M2021+32%
Fiscal year2015201620172018201920202021
Revenue$185.1M4$236.5M5$236.8M6$258.7M7$295.7M3$268.1M3$263.1M3
Cost of revenue$102.9M4$123.3M5$127.4M5$129.3M7$144.1M3$129.4M3$122.7M3
Gross profit$82.3M4$113.2M5$109.5M6$129.4M7$151.6M3$138.8M3$140.4M3
Research and development$52.2M4$56.6M5$49.5M6$47.9M7$54.7M3$46.2M3$44.7M3
Operating income-$54.3M4-$32.5M5-$37.9M6-$39.7M7-$24.5M3-$3.0M3-$5.7M3
Interest
Income tax$25.0K4$17.0K5$15.0K6$28.0K7$27.0K3$22.0K3-$3.0M3
Net income-$62.1M4-$40.3M5-$50.3M6-$52.6M7-$45.5M3-$24.3M3-$32.2M3

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Former names

  • Benefitfocus,Inc.May 10, 2013 to May 8, 20202

Recent filings

  1. Jan 26, 20234
  2. Jan 26, 20234
  3. Jan 26, 20234
  4. Jan 25, 20234 FORM 4 SUBMISSION
  5. Jan 25, 20234 FORM 4 SUBMISSION
  6. Jan 25, 20234 FORM 4 SUBMISSION
  7. Jan 25, 20234 FORM 4 SUBMISSION
  8. Jan 25, 20234 FORM 4 SUBMISSION
  9. Jan 25, 20234 FORM 4 SUBMISSION
  10. Jan 25, 20234 FORM 4 SUBMISSION
  11. Jan 24, 20238-K
  12. Jan 24, 20234 OWNERSHIP DOCUMENT
  13. Jan 20, 20238-K
  14. Jan 13, 20238-K
  15. Dec 22, 20224 FORM 4 SUBMISSION

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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