F

fuboTV Inc. — Earnings Quality Grade F

FUBO · Communication Services

Major red flags

Revenue
$1.6B
2024
Net Income
-$172M
2024
Gross Margin
12.6%
Free Cash Flow
-$95M
01

Screening Summary

10
Passed
4
Watch
4
Failed
-3.18
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

DSO 16 days, change -5 days YoY

A2AR vs Revenue Growth

AR growth -11.5% vs revenue growth 18.6%

A3Revenue vs CFFO

Revenue 18.6%, CFFO 55.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -27.8% vs revenue 18.6%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 136.1%, exceeds 70%

!
B4Gross Margin

Gross margin swung +6.3pp (6.3% → 12.6%)

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 = -8.6%. Low accruals

C4Cash vs Debt

Cash $0.2B covers only 43% of debt $0.4B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.7B = 381% of equity. Over 50%

!
D2Leverage

Interest coverage = -9.2x (<2x). Financial stress

D3Soft Asset Growth

Other assets -31.7% vs revenue 18.6%. Normal

D4Asset Impairment

Write-offs normal

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions negative for 3 years

Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.

E2Goodwill Surge

Goodwill+Intangibles change -4% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.18 (< -2.22). Unlikely manipulator

Portfolio monitoring

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04

Beneish M-Score

Manipulation Probability-3.18
-4.0 Clean-2.22 Grey-1.78 Danger0
0.746
DSRI
AR growing faster than revenue?
0.501
GMI
Gross margin declining?
1.088
AQI
Asset quality deteriorating?
1.186
SGI
Revenue growth rate
0.933
DEPI
Depreciation slowing?
0.863
SGAI
SG&A ratio changing?
-0.0861
TATA
Accruals level
1.067
LVGI
Leverage increasing?
05

Altman Z-Score

-8.32
Distress Zone
0 Distress1.102.605.0+ Safe
-0.2239
Liquidity
-1.8728
Cumulative profit
-0.145
Operating efficiency
0.219
Leverage

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