https://www.gsaig.gov/sites/default/files/ipa-reports/OIG%20...

>18F’s cumulative net loss from its launch in FY 2014 through the third quarter of FY 2016 is $31.66 million. We found that 18F’s plan to achieve full cost recovery has been unsuccessful because of inaccurate financial projections, increased staffing levels, and the amount of staff time spent on non-billable activities. 18F managers have repeatedly overestimated revenue and, with the support of the Administrator’s office, hired more staff than revenue could support. In addition, 18F staff spent over half of their time on non-billable projects. 18F managers have recently revised their projected breakeven date from 2019 to 2020.