NextNRG, Inc. — Earnings Quality Grade F
NXXT · Utilities
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 21 days, change +2 days YoY
AR growth 35.4% exceeds revenue growth 19.6%
Revenue 19.6%, CFFO 31.0%. Cash follows revenue
Expense Quality
Inventory -5.7% vs COGS 16.6%. Normal
CapEx growth 5826.1% is >2x revenue growth 19.6%
SG&A/Gross Profit = 369.3%, exceeds 70%
Gross margin 8.3%, change +2.4pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = -95.3%. Low accruals
Cash $0.0B covers only 5% of debt $0.0B
Balance Sheet Health
No goodwill. Clean balance sheet
Interest coverage = -0.9x (<2x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
No goodwill
Manipulation Score
M-Score = 1.10 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25