8x8 Inc — Earnings Quality Grade F
EGHT · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 26 days, change -4 days YoY
AR growth -14.9% vs revenue growth -1.9%
Revenue -1.9%, CFFO -19.5%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -20.5% vs revenue -1.9%. Normal
SG&A/Gross Profit = 71.5%, exceeds 70%
Gross margin 67.9%, change -1.3pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.1B, FCF/NI = -1.84
Accruals ratio = -13.3%. Low accruals
Cash $0.1B covers only 21% of debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 278% of equity. Over 50%
Debt/EBITDA = 9.3x (>4x). Interest coverage = 0.5x (<2x). Financial stress
Other assets 9.9% vs revenue -1.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -3.18 (< -2.22). Unlikely 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