C

Neurogene Inc. — Earnings Quality Grade C

NGNE · Healthcare

Some red flags

Revenue
$0M
2025
Net Income
-$90M
2025
Gross Margin
Free Cash Flow
-$78M
01

Screening Summary

8
Passed
3
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

Insufficient data

A2AR vs Revenue Growth

Insufficient data

A3Revenue vs CFFO

Revenue -100.0%, CFFO -9.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

!
B2CapEx vs Revenue

CapEx growth 46.4% is >2x revenue growth -100.0%

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 0.85. Profits backed by cash

!
C2Free Cash Flow

FCF is negative ($-0.1B)

C3Accruals Ratio

Accruals ratio = -4.6%. Low accruals

C4Cash vs Debt

Cash $0.3B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

!
D2Leverage

Interest coverage = -20665.6x (<2x). Financial stress

D3Soft Asset Growth

Other assets 4.4% vs revenue -100.0%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions negative for 3 years

Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.

E2Goodwill Surge

No goodwill

06

Manipulation Score

F1Beneish M-Score

Insufficient data

持仓监控

把 NGNE 放进持续监控

完整检查和模型明细已经免费开放。Watchlist 用来集中盯住你的持仓;Pro 可开启季报自动重算、风险事件邮件提醒、最多 50 只持仓扫描和导出工作流。

05

Altman Z-Score

11.44
Safe Zone
0 Distress1.102.605.0+ Safe
0.8848
Liquidity
-1.2219
Cumulative profit
-0.313
Operating efficiency
11.1687
Leverage

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