C

OptimizeRx Corporation — Earnings Quality Grade C

OPRX · Healthcare

Some red flags

Revenue
$109M
2025
Net Income
$5M
2025
Gross Margin
67.3%
Free Cash Flow
$19M
01

Screening Summary

13
Passed
2
Watch
1
Failed
-2.79
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 126 days, change -25 days YoY

A2AR vs Revenue Growth

AR growth -1.2% vs revenue growth 18.8%

A3Revenue vs CFFO

Revenue 18.8%, CFFO 282.8%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

Insufficient data

!
B3SG&A Ratio

SG&A/Gross Profit = 77.7%, exceeds 70%

B4Gross Margin

Gross margin 67.3%, change +2.8pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.65. Profits backed by cash

C2Free Cash Flow

FCF $0.0B, FCF/NI = 3.65

C3Accruals Ratio

Accruals ratio = -7.7%. Low accruals

!
C4Cash vs Debt

Cash $0.0B covers 90% of debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.1B = 87% of equity. Over 50%

D2Leverage

Debt/EBITDA = 1.6x. Healthy

D3Soft Asset Growth

Other assets -90.5% vs revenue 18.8%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -4% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.79 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.79
-4.0 Clean-2.22 Grey-1.78 Danger0
0.832
DSRI
AR growing faster than revenue?
0.958
GMI
Gross margin declining?
0.926
AQI
Asset quality deteriorating?
1.188
SGI
Revenue growth rate
0.999
DEPI
Depreciation slowing?
0.786
SGAI
SG&A ratio changing?
-0.0768
TATA
Accruals level
0.835
LVGI
Leverage increasing?
05

Altman Z-Score

3.39
Safe Zone
0 Distress1.102.605.0+ Safe
0.2456
Liquidity
-0.4479
Cumulative profit
0.0692
Operating efficiency
2.6385
Leverage

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