F

Amylyx Pharmaceuticals, Inc. — Earnings Quality Grade F

AMLX · Healthcare

Major red flags

Revenue
$0M
2025
Net Income
-$145M
2025
Gross Margin
Free Cash Flow
-$123M
01

Screening Summary

9
Passed
4
Watch
1
Failed
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

Insufficient data

A2AR vs Revenue Growth

AR growth -80.3% vs revenue growth -100.0%

A3Revenue vs CFFO

Revenue -100.0%, CFFO 26.4%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -12.1% vs revenue -100.0%. Normal

B3SG&A Ratio

Insufficient data

!
B4Gross Margin

Gross margin swung -136.0pp (93.3% → -42.6%)

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO < Net Income for 3 consecutive years

Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.

!
C2Free Cash Flow

FCF is negative ($-0.1B)

C3Accruals Ratio

Accruals ratio = -6.4%. Low accruals

C4Cash vs Debt

Cash $0.3B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

D2Leverage

Debt/EBITDA = -0.0x. Healthy

!
D3Soft Asset Growth

Other assets grew 136.9% vs revenue -100.0%

D4Asset Impairment

No write-off data

05

Acquisition Risk

!
E1Serial Acquirer FCF

FCF after acquisitions negative for 2/3 years

E2Goodwill Surge

No goodwill

06

Manipulation Score

F1Beneish M-Score

Calculation error: float division by zero

Portfolio monitoring

Monitor AMLX continuously

The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.

05

Altman Z-Score

7.18
Safe Zone
0 Distress1.102.605.0+ Safe
0.9048
Liquidity
-2.2589
Cumulative profit
-0.4608
Operating efficiency
11.1465
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25