Silvaco Group, Inc. — Earnings Quality Grade F
SVCO · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 56 days, change -0 days YoY
AR growth 5.4% vs revenue growth 5.7%
Revenue 5.7%, CFFO -71.5%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 22.4% is >2x revenue growth 5.7%
SG&A/Gross Profit = 106.0%, exceeds 70%
Gross margin 78.3%, change -1.5pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = -6.0%. Low accruals
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 75% of equity. Over 50%
Interest coverage = -47.1x (<2x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles surged 319% YoY
Manipulation Score
M-Score = -2.17 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25