F

Ironwood Pharmaceuticals, Inc. — Earnings Quality Grade F

IRWD · Healthcare

Major red flags

Revenue
$296M
2025
Net Income
$24M
2025
Gross Margin
Free Cash Flow
$127M
01

Screening Summary

12
Passed
1
Watch
1
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 58 days, change -27 days YoY

A2AR vs Revenue Growth

AR growth -42.9% vs revenue growth -15.7%

A3Revenue vs CFFO

Revenue -15.7%, CFFO 22.7%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -76.1% vs revenue -15.7%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 5.29. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 5.29

C3Accruals Ratio

Accruals ratio = -26.0%. Low accruals

C4Cash vs Debt

Cash $0.2B covers only 36% of debt $0.6B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.0B = -1% of equity. Manageable

!
D2Leverage

Debt/EBITDA = 5.7x (>4x). Financial stress

D3Soft Asset Growth

Other assets -24.0% vs revenue -15.7%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -29% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

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05

Altman Z-Score

-11.9
Distress Zone
0 Distress1.102.605.0+ Safe
0.0805
Liquidity
-4.217
Cumulative profit
0.2589
Operating efficiency
-0.3975
Leverage

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