Intellicheck Mobilisa, Inc.
IDN Technology Software Application
Intellicheck Mobilisa, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $22.7 million, up 13.3% from fiscal 2024. In the quarter to June 2026, revenue grew 16.0%, EPS grew 400.0% and free cash flow fell 42.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
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Intellicheck Mobilisa, Inc. (IDN) Beneish M-score
Intellicheck Mobilisa, Inc.'s Beneish M-score for fiscal 2025 is −3.39; 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 | −3.39 | (1.58) |
| FY2024 | −1.82 | 0.41 |
| FY2023 | −2.22 | 0.21 |
| FY2022 | −2.43 | 1.76 |
| FY2021 | −4.19 | (1.47) |
| FY2020 | −2.72 | (0.53) |
| FY2019 | −2.20 | (0.40) |
| FY2018 | −1.80 | 1.17 |
| FY2017 | −2.96 | 0.75 |
| FY2016 | −3.71 | (1.43) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.64 | — | 0.58 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 0.83 | — | 0.34 | |
| Sales growth index | 1.13 | — | 1.01 | |
| Depreciation index | 0.70 | — | 0.08 | |
| SG&A index | 0.80 | — | −0.14 | |
| Total accruals to total assets | (0.13) | — | −0.62 | |
| Leverage index | 1.02 | — | −0.33 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.39 | ||
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 |
|---|---|
| IDN Intellicheck Mobilisa, Inc. | −3.4× |
| PHUN Phunware compare | −3.3× |
| JG Aurora Mobile Limited Sponsored ADR compare | −3.3× |
| THRY Thryv Holdings, Inc. compare | −3.0× |
| SCOR comScore, Inc. compare | −2.9× |
| MAPS WM Technology, Inc. compare | −2.7× |
| CTK CooTek (Cayman) Inc. Sponsored ADR compare | −2.3× |
| BZAI Blaize Holdings, Inc. compare | — |
| FRMM Forum Markets, Incorporated 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