eGain Corporation
EGAN Technology Software Application
eGain Corporation’s revenue for fiscal 2026 (year ended June 2026) was $91.1 million, up 3.06% from fiscal 2025. In the quarter to June 2026, revenue fell 4.67%, EPS fell 95.6% and free cash flow grew 151.2%, each against the same quarter a year earlier.
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eGain Corporation (EGAN) Beneish M-score
eGain Corporation's Beneish M-score for fiscal 2026 is −3.11; 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 | −3.11 | (2.00) |
| FY2025 | −1.12 | 1.46 |
| FY2024 | −2.58 | (0.16) |
| FY2023 | −2.42 | 0.39 |
| FY2022 | −2.81 | (0.06) |
| FY2021 | −2.75 | 0.03 |
| FY2020 | −2.78 | (1.56) |
| FY2019 | −1.22 | 2.24 |
| FY2018 | −3.47 | 0.72 |
| FY2017 | −4.19 | (0.74) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.72 | — | 0.66 | |
| Gross margin index | 0.96 | — | 0.50 | |
| Asset quality index | 0.97 | — | 0.39 | |
| Sales growth index | 1.03 | — | 0.92 | |
| Depreciation index | 1.06 | — | 0.12 | |
| SG&A index | 1.02 | — | −0.18 | |
| Total accruals to total assets | (0.08) | — | −0.39 | |
| Leverage index | 0.95 | — | −0.31 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.11 | ||
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 |
|---|---|
| MRT MARTI TECH INC compare | −5.3× |
| HUCK Huckleberry.ai, Inc. compare | −3.6× |
| EGAN eGain Corporation | −3.1× |
| TRAK ReposiTrak Inc. compare | −2.5× |
| RAAS Cloopen Group Holding Limited Sponsored ADR compare | −2.1× |
| TIOG Tingo Group, Inc. compare | −0.3× |
| RYDE Ryde Group Ltd. compare | 0.0× |
| LAIX LAIX Inc. Sponsored ADR compare | 2.7× |
| TONX TON Strategy Company compare | 7.5× |
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