D

Tango Therapeutics, Inc. — Earnings Quality Grade D

TNGX · Healthcare

Significant concerns

Revenue
$62M
2025
Net Income
-$102M
2025
Gross Margin
Free Cash Flow
-$140M
01

Screening Summary

8
Passed
2
Watch
2
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 48.3% but CFFO declined -5.6%

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 39.0% vs revenue 48.3%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.37. Profits backed by cash

!
C2Free Cash Flow

FCF is negative ($-0.1B)

!
C3Accruals Ratio

Accruals ratio = 9.4%. Elevated

C4Cash vs Debt

Cash $0.3B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

D2Leverage

Debt/EBITDA = -0.3x. Healthy

D3Soft Asset Growth

Other assets -5.0% vs revenue 48.3%. 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

Insufficient data

Portfolio monitoring

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05

Altman Z-Score

5.58
Safe Zone
0 Distress1.102.605.0+ Safe
0.8329
Liquidity
-1.5128
Cumulative profit
-0.2791
Operating efficiency
6.5925
Leverage

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