Biddance AI Systems, Inc.
BDAI Technology Information Technology Services
Biddance AI Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million, up 125.0% from fiscal 2024. Insiders bought in the last twelve months.
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Biddance AI Systems, Inc. (BDAI) Beneish M-score
Biddance AI Systems, Inc.'s Beneish M-score for fiscal 2025 is 2.02; 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) |
|---|---|---|
| FY2025 | 2.02 | 5.46 |
| FY2024 | −3.44 | (1.66) |
| FY2023 | −1.78 | 0.13 |
| FY2022 | −1.91 | 0.08 |
| FY2021 | −1.99 | 1.05 |
| FY2020 | −3.04 | (2.34) |
| FY2019 | −0.69 | 1.02 |
| FY2018 | −1.72 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 3.46 | — | 3.19 | |
| Gross margin index | 3.28 | — | 1.73 | |
| Asset quality index | 0.19 | — | 0.08 | |
| Sales growth index | 2.25 | — | 2.01 | |
| Depreciation index | 0.68 | — | 0.08 | |
| SG&A index | 0.40 | — | −0.07 | |
| Total accruals to total assets | 0.04 | — | 0.19 | |
| Leverage index | 1.04 | — | −0.34 | |
| Beneish M-score | Flagged by the model | 2.02 | ||
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 |
|---|---|
| AIOS AIOS Tech Inc. compare | −186× |
| GMM Global Mofy AI Limited compare | −4.2× |
| JFU 9F Inc. Sponsored ADR compare | −2.6× |
| CLPS CLPS Incorporation compare | −2.6× |
| GLE Global Engine Group Holding Limited compare | −2.4× |
| VEEA Veea Inc. compare | −0.5× |
| BDAI Biddance AI Systems, Inc. | 2.0× |
| SAIH SAIHEAT Limited compare | — |
| SLAI SOLAI Limited 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