F
Adeia Inc. — Earnings Quality Grade F
ADEA · Technology
Major red flags
Revenue
$443M
2025
Net Income
$111M
2025
Gross Margin
—
Free Cash Flow
$149M
01
Screening Summary
11
Passed
0
Watch
3
Failed
—
M-Score
管理层信号
最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
✓
A1DSO Change
DSO 24 days, change -10 days YoY
✓
A2AR vs Revenue Growth
AR growth -16.1% vs revenue growth 17.9%
✗
A3Revenue vs CFFO
Revenue grew 17.9% but CFFO declined -25.6%
02
Expense Quality
✓
B1Inventory vs COGS
No material inventory
✓
B2CapEx vs Revenue
CapEx growth -60.7% vs revenue 17.9%. Normal
—
B3SG&A Ratio
Insufficient data
—
B4Gross Margin
Insufficient data
03
Cash Flow Quality
✓
C1CFFO vs Net Income
CFFO/NI = 1.42. Profits backed by cash
✓
C2Free Cash Flow
FCF $0.1B, FCF/NI = 1.34
✓
C3Accruals Ratio
Accruals ratio = -4.5%. Low accruals
✗
C4Cash vs Debt
Cash $0.1B covers only 32% of debt $0.4B
04
Balance Sheet Health
✗
D1Goodwill + Intangibles
Goodwill+Intangibles $0.6B = 128% of equity. Over 50%
✓
D2Leverage
Debt/EBITDA = 1.8x. Healthy
✓
D3Soft Asset Growth
Other assets -20.6% vs revenue 17.9%. Normal
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
✓
E1Serial Acquirer FCF
FCF after acquisitions positive
✓
E2Goodwill Surge
Goodwill+Intangibles change 0% YoY. Normal
06
Manipulation Score
—
F1Beneish M-Score
Insufficient data
05
Altman Z-Score
3.78
Safe Zone0 Distress1.102.605.0+ Safe
0.2157
Liquidity
0.0887
Cumulative profit
0.1744
Operating efficiency
0.86
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25