FitLife Brands, Inc. — Earnings Quality Grade F
FTLF · Consumer Defensive
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 30 days (9 → 39)
Small-cap context: DSO swings on a small revenue base are more often quarterly customer-mix effects than red flags.
AR growth 439.1% exceeds revenue growth 26.4%
Revenue grew 26.4% but CFFO declined -22.6%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
Inventory growth 92.6% exceeds COGS 37.4%
CapEx growth 320.0% is >2x revenue growth 26.4%
SG&A/Gross Profit = 60.1%. Normal
Gross margin 38.6%, change -4.9pp. Stable
Cash Flow Quality
CFFO/NI = 1.18. Profits backed by cash
FCF $0.0B, FCF/NI = 1.17
Accruals ratio = -1.0%. Low accruals
Cash $0.0B covers only 4% of debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 162% of equity. Over 50%
Debt/EBITDA = 4.3x (>4x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles surged 80% YoY
Manipulation Score
M-Score = 0.50 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Portfolio monitoring
Monitor FTLF 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.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25