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FlexShopper Inc.

FPAYQ Industrials Rental & Leasing Services

FlexShopper Inc.’s revenue for fiscal 2023 (year ended December 2023) was $117.0 million, up 3.47% from fiscal 2022. Revenue growth for three consecutive years, operating cash flow growth for three.

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Market cap: $170.0K
P/E: 0.0×
Fwd P/E: −14.8×
Dividend yield: —
F-score: 3/9
Altman Z: 1.69
Beneish M: −2.29
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 54.09%

Capital & Financial Ratios $m

Market Cap 0.17

Revenue 134.56

Net Income 0.90

Free Cash Flow (41.67)

Net Debt 140.91

Current Ratio 7.98

Debt/Equity 4.97

P/E ratio 0.00

Fwd P/E (14.80)

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 322.73%

Next Y EPS Growth 16.33%

Next Y revenue growth 23.27%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

EV/Sales against its own 10 years 72.72%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2021	2022	2023	Q'24
Cash	5	6	4	7
Receivables	29	68	81	113
Inventory	—	—	—	—
Other	41	32	29	24
	77	110	117	149

	2021	2022	2023	Q'24
Payables	8	7	7	4
ST’ Debt	1	1	0	11
Other	—	—	—	—
	13	12	12	19

Compound Annual Growth %

	10y	5y	3y
Sales	304.40%	13.73%	4.64%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	25.33%	28.04%	37.87%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	34	32	39	—	—
’23	31	25	31	30	117
’22	29	37	26	21	113
’21	33	31	31	31	125
’20	25	25	25	28	102
’19	23	21	23	22	89
’18	15	14	15	18	61

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	(10)	(8)	—	—
’23	6	0	(3)	(9)	(7)
’22	(8)	(12)	(8)	(4)	(31)
’21	(1)	1	1	(12)	(11)
’20	1	5	(1)	(10)	(5)
’19	0	3	1	(4)	0
’18	(2)	0	(1)	(14)	(18)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(8)	(12)	(10)	—	—
’23	4	(2)	(5)	(12)	(14)
’22	(9)	(14)	(10)	(6)	(39)
’21	(1)	0	(1)	(14)	(16)
’20	0	4	(2)	(11)	(8)
’19	(1)	3	1	(5)	(3)
’18	(2)	(1)	(2)	(15)	(20)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.06)	(0.13)	0.05	—	—
’23	(0.06)	(0.22)	(0.01)	(0.03)	(0.51)
’22	(0.14)	0.51	(0.32)	0.27	0.44
’21	(0.03)	0.01	0.05	0.00	0.04
’20	(0.06)	(0.04)	(0.02)	(0.05)	(0.17)
’19	(0.01)	(0.05)	0.04	(0.09)	(0.11)
’18	(0.55)	(0.48)	(0.56)	(0.36)	(1.39)

Fiscal quarters ending in the months shown.

Group	Line	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024e
Price, $
Price, $	Low	—	—	2.50	3.10	0.66	0.74	0.95	2.08	0.83	0.59	Analyst estimates 2024–2026 Powerpack
	High	—	—	8.00	6.56	4.80	2.70	3.36	3.95	3.17	2.47
People
People	Employees	—	—	125	154	135	180	155	137	118	204
	Revenue/emp, $m	—	—	0.38	0.44	0.46	0.49	0.66	0.92	0.96	0.57
Income, $m
Income, $m	Revenue	—	—	48	67	61	89	102	125	113	117
	Gross margin, %	—	—	50.77	51.60	31.59	32.17	34.63	100.00	100.00	100.00
	EBT	—	—	(12)	(8)	(9)	1	0	4	(3)	(5)
	EBT margin, %	—	—	(25.75)	(12.43)	(15.39)	0.89	0.32	3.24	(2.66)	(4.47)
	Net income	—	—	(12)	(8)	(9)	1	0	3	14	(4)
	Depreciation	—	—	24	34	43	61	66	82	78	65
Per share, $
Per share, $	Revenue	—	—	9.06	12.67	7.17	5.02	4.86	5.86	5.22	5.39
	Earnings	—	—	(2.57)	(2.01)	(1.39)	(0.11)	(0.17)	0.04	0.45	(0.51)
	Cash flow	—	—	(3.31)	(1.25)	(2.12)	(0.03)	(0.25)	(0.53)	(1.44)	(0.31)
	Capex	—	—	(0.35)	(0.38)	(0.27)	(0.13)	(0.15)	(0.23)	(0.38)	(0.35)
	Free cash flow	—	—	(3.66)	(1.63)	(2.38)	(0.15)	(0.40)	(0.76)	(1.82)	(0.66)
	Book value	—	—	2.77	1.20	0.99	0.56	0.53	0.75	1.43	1.35
	Shares, m	—	—	5	5	9	18	21	21	22	22
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	58.75	2.09	0.00
	P/S	—	—	0.66	0.31	0.11	0.50	0.53	0.40	0.18	0.30
	P/B	—	—	0.00	0.00	0.00	0.00	0.00	0.00	2.42	5.40
	EV/Sales	—	—	0.79	0.32	0.26	0.81	0.86	0.80	0.97	1.23
	EV/FCF	—	—	(1.94)	(2.51)	(0.79)	(26.39)	(10.61)	(6.53)	(2.79)	(10.14)
Cash, $m
Cash, $m	Operating cash flow	—	—	(17)	(7)	(18)	0	(5)	(11)	(31)	(7)
	Capex	—	—	(2)	(2)	(2)	(2)	(3)	(5)	(8)	(8)
	Free cash flow	—	—	(19)	(9)	(20)	(3)	(8)	(16)	(39)	(14)
Balance, $m
Balance, $m	Working capital	—	—	22	8	19	39	45	64	97	105
	Total debt	—	—	10	19	16	34	43	55	96	114
	Net debt	—	—	5	14	10	27	34	50	90	110
	Shareholders’ equity	—	—	15	6	8	10	11	16	31	29
Returns, %
Returns, %	ROA	—	—	(57.75)	(33.71)	(28.77)	(3.69)	(5.80)	1.09	8.50	(5.47)
	ROIC	—	—	(33.50)	(19.12)	(17.80)	8.67	6.38	6.98	(3.26)	6.16
	ROE	—	—	654.53	83.62	75.52	13.53	28.52	(9.11)	1,260.48	(113.76)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2023 · latest quarter Sep 2024

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VSTS Vestis Corporation	$1.9B	— (loss-making)	168×	−1.80% (below 0%: shrinking)	n/m	+478.29% (above 0%: growing)	28.02%	5.63%	Compare
PRG Aaron's Holdings Company, Inc.	$1.2B	8.4×	9.1×	+22.30% (above 0%: growing)	−4.17% (below 0%: shrinking)	+48.39% (above 0%: growing)	89.48%	9.12%	Compare
WLFC Willis Lease Finance Corporation	$813.0M	9.0×	14.6×	−0.76% (below 0%: shrinking)	−52.99% (below 0%: shrinking)	−161.11% (below 0%: shrinking)	86.88%	32.81%	Compare
HTZ Hertz Global Holdings, Inc.	$652.3M	— (loss-making)	— (loss-making)	+9.66% (above 0%: growing)	n/m	−18.00% (below 0%: shrinking)	39.32%	7.14%	Compare
ALTG Alta Equipment Group Inc.	$197.0M	— (loss-making)	— (loss-making)	−1.18% (below 0%: shrinking)	n/m	−46.58% (below 0%: shrinking)	26.12%	2.52%	Compare
VAI Valor Energy Inc.	$37.1M	— (loss-making)	— (loss-making)	−15.62% (below 0%: shrinking)	n/m	−186.77% (below 0%: shrinking)	17.10%	(174.79%)	Compare
MWG Multi Ways Holdings Limited	$7.4M	—	—	—	—	−31.57% (below 0%: shrinking)	—	—	Compare
ZCAR Zoomcar Holdings, Inc.	$2.3M	— (loss-making)	—	+1.66% (above 0%: growing)	n/m	−350.23% (below 0%: shrinking)	65.48%	(37.38%)	Compare
FPAYQ FlexShopper Inc.	$170.0K	— (loss-making)	— (loss-making)	+22.95% (above 0%: growing)	n/m	−117.27% (below 0%: shrinking)	97.61%	24.77%
Median of peers	$424.6M	—	14.6×	−0.76%	—	−39.07%	39.32%	5.63%

All 20 Rental & Leasing Services stocks →

FlexShopper Inc. (FPAYQ) key facts

Strength: FlexShopper Inc.’s revenue for fiscal 2023 (year ended December 2023) was $117.0 million, up 3.47% from fiscal 2022.
FlexShopper Inc. (FPAYQ) is a Rental & Leasing Services company in the Industrials sector.
Return on equity was −113.8% and debt-to-equity 4.97.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.69 (distress zone) for fiscal 2023.

Source: company filings (standardised) and stockrow calculations.