Gambling.com Group Limited — Earnings Quality Grade F
GAMB · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 47 days, change -5 days YoY
AR growth 17.7% vs revenue growth 30.1%
Revenue grew 30.1% but CFFO declined -49.2%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
No material inventory
CapEx growth -80.4% vs revenue 30.1%. Normal
SG&A/Gross Profit = 66.3%. Normal
Gross margin 90.8%, change -3.3pp. Stable
Cash Flow Quality
CFFO/NI = -0.58. Below 1.0
FCF < 50% of Net Income for 2 years
Accruals ratio = -17.4%. Low accruals
Cash $0.0B covers only 13% of debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 228% of equity. Over 50%
Debt/EBITDA = -11.9x. Healthy
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles surged 88% YoY
Manipulation Score
M-Score = -3.34 (< -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