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FPAY

FlexShopper, Inc.

FPAY

FlexShopper, Inc. • NASDAQ
$0.01 ▲ 0.00% (+0.00)
Market Cap $215343
52w High $2.37
52w Low $0.01
Dividend Yield 0%
P/E -0.05
Volume 5.23K
Outstanding Shares 21.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $35.508M ▼ $24.298M ▲ $-1.9M ▼ -5.351% ▼ $-0.088 ▼ $13.645M ▲
Q3-2024 $38.589M ▲ $12.943M ▼ $2.366M ▲ 6.132% ▲ $0.055 ▲ $12.85M ▲
Q2-2024 $31.759M ▼ $24.098M ▲ $-1.603M ▼ -5.048% ▼ $-0.13 ▼ $5.5M ▼
Q1-2024 $33.945M ▲ $9.734M ▲ $-214.179K ▼ -0.631% ▼ $-0.059 ▼ $8.092M ▼
Q4-2023 $30.271M $7.463M $354.152K 1.17% $-0.033 $8.283M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $10.403M ▲ $209.508M ▲ $176.358M ▲ $33.15M ▲
Q3-2024 $7.331M ▲ $187.262M ▲ $157.453M ▲ $29.809M ▲
Q2-2024 $4.893M ▼ $172.212M ▲ $144.731M ▲ $27.481M ▼
Q1-2024 $5.594M ▲ $162.614M ▲ $133.386M ▲ $29.228M ▼
Q4-2023 $4.413M $156.49M $127.26M $29.231M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-1.9M ▼ $-11.155M ▼ $-2.926M ▼ $17.153M ▲ $3.072M ▲ $-13.438M ▼
Q3-2024 $2.366M ▲ $-7.893M ▲ $-2.074M ▼ $12.404M ▲ $2.438M ▲ $-9.575M ▲
Q2-2024 $-1.603M ▼ $-10.255M ▼ $-1.872M ▲ $11.426M ▲ $-700.838K ▼ $-11.647M ▼
Q1-2024 $-214.179K ▼ $-5.643M ▲ $-2.28M ▲ $9.103M ▼ $1.181M ▲ $-7.923M ▲
Q4-2023 $354.152K $-9.227M $-2.425M $10.327M $-1.325M $-11.652M

Five-Year Company Overview

Income Statement

Income Statement FlexShopper’s sales have trended modestly higher over the past several years, and the company has gradually turned a small operating profit instead of prior operating losses. Gross margins have improved, suggesting better pricing or underwriting discipline. However, overall profitability remains fragile, with earnings swinging between small profits and losses and very thin cushions. This points to a business where small changes in credit performance, funding costs, or volumes can quickly push results back into the red.

Balance Sheet

Balance Sheet The company has grown its asset base, but it has done so mainly by adding debt rather than building a large equity cushion. Equity has inched up but remains fairly small relative to total assets, which implies meaningful financial leverage. Cash on hand is limited, so FlexShopper likely depends on continued access to funding to support its lease portfolio. This structure can work in good times but leaves less room for error if credit performance weakens or funding tightens.

Cash Flow

Cash Flow Despite showing some accounting profits, FlexShopper’s underlying cash generation from operations has been consistently negative in recent years. Free cash flow has also stayed in negative territory, even though spending on equipment and technology has not been especially heavy. This pattern suggests the business model consumes cash, likely because of how leases are originated and funded, and highlights a need for external capital or balance sheet restructuring to sustain growth or even maintain current scale.

Competitive Edge

Competitive Edge FlexShopper operates in a niche part of the rental and lease‑to‑own market, focused on subprime consumers that many traditional lenders avoid. Its strengths include an established partner network, a digital platform that is easy for retailers to plug into, and a value proposition built around no credit required and low upfront cost for consumers. At the same time, it faces sizable rivals with deeper pockets, legal disputes with competitors, and a market that can be sensitive to regulation and economic downturns. The moat is real but not unassailable, and it relies heavily on underwriting skill and partner trust.

Innovation and R&D

Innovation and R&D The company has invested in a proprietary technology stack: its automated lease‑to‑own engine, patented e‑commerce integrations, and a mobile wallet that lets customers shop across multiple merchants with minimal friction. These tools are designed to give FlexShopper a technological edge and make it easier for retailers to adopt its service without heavy IT work. The firm has also emphasized data‑driven risk analytics and previously signaled plans to use more artificial intelligence. However, the recent leadership shake‑up and the arrival of a restructuring officer introduce uncertainty around future innovation pace and priorities, as near‑term survival and cost control may take precedence over new product development.

Summary

FlexShopper combines a specialized, tech‑driven lease‑to‑own platform with a focus on underserved consumers, which has helped it grow revenue and improve operating performance over time. Yet the financial picture is still delicate: thin profitability, persistent negative cash flow, and reliance on debt funding all heighten financial risk. The company’s patents, digital solutions, and retail partnerships are meaningful assets, but they come alongside legal battles, competitive pressure, and now a major management and restructuring process. Overall, FlexShopper is in a transition phase where operational execution, funding stability, credit performance, and the outcome of strategic changes will be critical in shaping its longer‑term trajectory.

NEWS

October 17, 2025 · 5:15 PM UTC

FlexShopper, Inc. Announces Receipt of Delisting Notification from Nasdaq

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