DarkIris Inc.
DKI Communication Services Electronic Gaming & Multimedia
DarkIris Inc.’s revenue for fiscal 2025 (year ended September 2025) was $10.1 million, up 27.2% from fiscal 2024. Insiders bought in the last twelve months.
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DarkIris Inc. (DKI) Beneish M-score
DarkIris Inc.'s Beneish M-score for fiscal 2025 is −6.43; 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 | −6.43 | (8.30) |
| FY2024 | 1.87 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.52 | — | 1.40 | |
| Gross margin index | 1.53 | — | 0.81 | |
| Asset quality index Asset quality not computable — index set to 1 | 1.00 | — | Set to 1 | 0.40 |
| Sales growth index | 1.27 | — | 1.14 | |
| Depreciation index | 0.43 | — | 0.05 | |
| SG&A index | 4.33 | — | −0.74 | |
| Total accruals to total assets | (0.97) | — | −4.53 | |
| Leverage index | 0.34 | — | −0.11 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −6.43 | ||
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 |
|---|---|
| DKI DarkIris Inc. | −6.4× |
| BHATF Blue Hat Interactive Entertainment Technology compare | −5.3× |
| SNAL Snail, Inc. compare | −4.8× |
| MSGM Motorsport Games Inc. compare | −0.9× |
| GIGM GigaMedia Limited compare | 0.9× |
| GDC GD Culture Group Limited compare | 16.8× |
| HODO House of Doge Inc. compare | — |
| GXAI Gaxos.ai Inc. compare | — |
| MGAM Mobile Global Esports Inc. 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