eHealth, Inc. — Earnings Quality Grade F
EHTH · Financial Services
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 5 days, change -6 days YoY
AR growth -54.3% vs revenue growth 4.1%
Revenue 4.1%, CFFO -38.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 19.1% vs revenue 4.1%. Normal
Insufficient data
Gross margin 99.7%, change +0.1pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF < 50% of Net Income for 2 years
Accruals ratio = 5.2%. Elevated
Cash $0.1B covers 57% of debt $0.1B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 1.6x. Healthy
Other assets 6.1% vs revenue 4.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
No goodwill
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score — Not Applicable
eHealth, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25