York Space Systems Inc. — Earnings Quality Grade F
YSS · Industrials
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 11 days, change +8 days YoY
AR growth 440.5% exceeds revenue growth 52.3%
Revenue grew 52.3% but CFFO declined -483.8%
Expense Quality
Inventory -45.8% vs COGS 40.5%. Normal
CapEx growth -50.9% vs revenue 52.3%. Normal
SG&A/Gross Profit = 153.3%, exceeds 70%
Gross margin swung +6.8pp (12.8% → 19.5%)
Cash Flow Quality
CFFO/NI = 1.44. Profits backed by cash
FCF is negative ($-0.1B)
Accruals ratio = 2.5%. Low accruals
Cash $0.2B covers 93% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $1.1B but equity unavailable or non-positive
Interest coverage = -2.2x (<2x). Financial stress
Other assets grew 889.4% vs revenue 52.3%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = 0.40 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25