F

Crinetics Pharmaceuticals, Inc. — Earnings Quality Grade F

CRNX · Healthcare

Major red flags

Revenue
$8M
2025
Net Income
-$465M
2025
Gross Margin
86.0%
Free Cash Flow
-$384M
01

Screening Summary

7
Passed
3
Watch
3
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

Insufficient data

A3Revenue vs CFFO

Revenue grew 640.7% but CFFO declined -64.2%

02

Expense Quality

B1Inventory vs COGS

Insufficient data

B2CapEx vs Revenue

CapEx growth 49.9% vs revenue 640.7%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 2890.2%, exceeds 70%

!
B4Gross Margin

Gross margin swung -14.0pp (100.0% → 86.0%)

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO < Net Income for 3 consecutive years

!
C2Free Cash Flow

FCF is negative ($-0.4B)

C3Accruals Ratio

Accruals ratio = -7.8%. Low accruals

C4Cash vs Debt

Cash $1.0B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

D2Leverage

Debt/EBITDA = -0.1x. Healthy

D3Soft Asset Growth

Other assets 537.3% vs revenue 640.7%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions negative for 3 years

E2Goodwill Surge

No goodwill

06

Manipulation Score

F1Beneish M-Score

Calculation error: float division by zero

Portfolio monitoring

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05

Altman Z-Score

6.19
Safe Zone
0 Distress1.102.605.0+ Safe
0.8553
Liquidity
-1.2585
Cumulative profit
-0.4588
Operating efficiency
7.394
Leverage

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