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MNDR Healthcare Health Information Services
Mobile-health Network Solutions' revenue for fiscal 2026 (year ended June 2026) was $7.7 million, up 1.24% from fiscal 2025.
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Mobile-health Network Solutions (MNDR) Beneish M-score
Mobile-health Network Solutions's Beneish M-score for fiscal 2026 is −3.22; 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 | −3.22 | (6.57) |
| FY2025 | 3.35 | 11.41 |
| FY2024 | −8.06 | (6.39) |
| FY2023 | −1.66 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.90 | — | 0.83 | |
| Gross margin index | 0.79 | — | 0.42 | |
| Asset quality index | 0.88 | — | 0.36 | |
| Sales growth index | 1.01 | — | 0.90 | |
| Depreciation index | 0.66 | — | 0.08 | |
| SG&A index | 0.97 | — | −0.17 | |
| Total accruals to total assets | (0.15) | — | −0.68 | |
| Leverage index | 0.33 | — | −0.11 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.22 | ||
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 |
|---|---|
| ACON Aclarion, Inc. compare | −7.5× |
| MSPR MSP Recovery, Inc. compare | −6.3× |
| WORX SCWorx Corp. compare | −4.3× |
| VSEE VSee Health, Inc. compare | −4.2× |
| ZCMD Zhongchao Inc. compare | −4.2× |
| MNDR Mobile-health Network Solutions | −3.2× |
| HCTI Healthcare Triangle, Inc. compare | 0.6× |
| MGRX Mangoceuticals, Inc. compare | — |
| HLTHQ Cue Health 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