Aurora Mobile Limited Sponsored ADR
JG Technology Software Application
Aurora Mobile Limited Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $53.6 million, up 23.7% from fiscal 2024. In the quarter to June 2026, revenue grew 18.9%, EPS was flat and free cash flow fell 140.5%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
Follow JG
Aurora Mobile Limited Sponsored ADR (JG) Beneish M-score
Aurora Mobile Limited Sponsored ADR's Beneish M-score for fiscal 2025 is −3.31; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −3.31 | (1.11) |
| FY2024 | −2.20 | 0.80 |
| FY2023 | −3.00 | 0.37 |
| FY2022 | −3.37 | (0.24) |
| FY2021 | −3.14 | 2.25 |
| FY2020 | −5.39 | (2.73) |
| FY2019 | −2.65 | (2.21) |
| FY2018 | −0.45 | (1.22) |
| FY2017 | 0.78 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.72 | — | 0.66 | |
| Gross margin index | 0.98 | — | 0.52 | |
| Asset quality index | 0.87 | — | 0.35 | |
| Sales growth index | 1.24 | — | 1.10 | |
| Depreciation index | 0.87 | — | 0.10 | |
| SG&A index | 0.97 | — | −0.17 | |
| Total accruals to total assets | (0.15) | — | −0.70 | |
| Leverage index | 1.05 | — | −0.34 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.31 | ||
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. compare | −3.4× |
| PHUN Phunware compare | −3.3× |
| BMR Beamr Imaging Ltd. compare | −3.3× |
| JG Aurora Mobile Limited Sponsored ADR | −3.3× |
| VTSI VirTra, Inc. compare | −2.9× |
| CREX Creative Realities, Inc. compare | −1.9× |
| BZAI Blaize Holdings, Inc. compare | — |
| FRMM Forum Markets, Incorporated compare | — |
| ATHR Aether Holdings, 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