AXIL Brands, Inc.
AXIL Technology Consumer Electronics
AXIL Brands, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $30.8 million, up 17.5% from fiscal 2025. In the quarter to August 2026, revenue fell 11.2%, EPS grew 20.0%, free cash flow grew 531.5% and total debt fell 74.8%, each against the same quarter a year earlier.
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AXIL Brands, Inc. (AXIL) Beneish M-score
AXIL Brands, Inc.'s Beneish M-score for fiscal 2026 is 1.01; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | 1.01 | 2.86 |
| FY2025 | −1.86 | (0.47) |
| FY2024 | −1.39 | (7.15) |
| FY2023 | 5.76 | 8.56 |
| FY2022 | −2.80 | 1.35 |
| FY2021 | −4.15 | (12.12) |
| FY2020 | 7.97 | 8.87 |
| FY2019 | −0.91 | 0.29 |
| FY2018 | −1.19 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 4.03 | — | 3.70 | |
| Gross margin index | 1.02 | — | 0.54 | |
| Asset quality index | 0.72 | — | 0.29 | |
| Sales growth index | 1.17 | — | 1.05 | |
| Depreciation index | 0.68 | — | 0.08 | |
| SG&A index | 0.90 | — | −0.15 | |
| Total accruals to total assets | 0.15 | — | 0.71 | |
| Leverage index | 1.12 | — | −0.37 | |
| Beneish M-score | Flagged by the model | 1.01 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| FOXX Foxx Development Holdings Inc. compare | −10.2× |
| UEIC Universal Electronics Inc. compare | −3.4× |
| GPRO GoPro, Inc. compare | −3.1× |
| KOSS Koss Corporation compare | −2.7× |
| ZEPP Zepp Health Corporation Sponsored ADR compare | −2.5× |
| MSN Emerson Radio Corporation compare | −0.2× |
| AXIL AXIL Brands, Inc. | 1.0× |
| FXHO UTime Limited compare | 77.2× |
| VUZI Vuzix Corporation compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI