F

BridgeBio Pharma, Inc. — Earnings Quality Grade F

BBIO · Healthcare

Major red flags

Revenue
$502M
2025
Net Income
-$725M
2025
Gross Margin
95.8%
Free Cash Flow
-$456M
01

Screening Summary

6
Passed
5
Watch
5
Failed
8.22
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 surged by 94 days (8 → 101)

!
A2AR vs Revenue Growth

AR growth 2853.1% exceeds revenue growth 126.3%

!
A3Revenue vs CFFO

Revenue grew 126.3% but CFFO only 14.4%

02

Expense Quality

B1Inventory vs COGS

Insufficient data

B2CapEx vs Revenue

CapEx growth 7.7% vs revenue 126.3%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 110.4%, exceeds 70%

B4Gross Margin

Gross margin 95.8%, change -2.4pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO < Net Income for 3 consecutive years

!
C2Free Cash Flow

FCF is negative ($-0.5B)

C3Accruals Ratio

Accruals ratio = -29.8%. Low accruals

C4Cash vs Debt

Cash $0.6B covers only 32% of debt $1.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

!
D2Leverage

Interest coverage = -2.8x (<2x). Financial stress

D3Soft Asset Growth

Other assets -8.2% vs revenue 126.3%. 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

M-Score = 8.22 (> -1.78). LIKELY MANIPULATOR

04

Beneish M-Score

Manipulation Probability8.22
-4.0 Clean-2.22 Grey-1.78 Danger0
13.052
DSRI
AR growing faster than revenue?
1.025
GMI
Gross margin declining?
0.659
AQI
Asset quality deteriorating?
2.263
SGI
Revenue growth rate
1.124
DEPI
Depreciation slowing?
0.813
SGAI
SG&A ratio changing?
-0.2981
TATA
Accruals level
1.121
LVGI
Leverage increasing?
05

Altman Z-Score

-14.44
Distress Zone
0 Distress1.102.605.0+ Safe
0.5446
Liquidity
-4.0824
Cumulative profit
-0.5921
Operating efficiency
-0.6926
Leverage

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