PLAYSTUDIOS, Inc. — Earnings Quality Grade F
MYPS · Communication Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 34 days, change +1 days YoY
AR growth -16.1% vs revenue growth -18.8%
Revenue -18.8%, CFFO -42.4%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -27.0% vs revenue -18.8%. Normal
SG&A/Gross Profit = 57.0%. Normal
Gross margin 75.6%, change +0.7pp. 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 $0.0B, FCF/NI = -0.34
Accruals ratio = -18.9%. Low accruals
Cash $0.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 56% of equity. Over 50%
Debt/EBITDA = 0.4x. Healthy
Other assets -8.5% vs revenue -18.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -10% YoY. Normal
Manipulation Score
M-Score = -3.52 (< -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