First — Earnings Quality Grade C
FUNC · Financial Services
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 32 days, change -2 days YoY
AR growth 5.8% vs revenue growth 11.4%
Revenue grew 11.4% but CFFO declined -13.0%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
No material inventory
CapEx growth 106.4% is >2x revenue growth 11.4%
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 0.79. Below 1.0
FCF $0.0B, FCF/NI = 0.63
Accruals ratio = 0.2%. Low accruals
Cash $0.1B covers debt $0.1B
Balance Sheet Health
No goodwill. Clean balance sheet
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
First is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25