Nixxy, Inc.
NIXX Communication Services Telecom Services
Nixxy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $97.9 million, up 1,631,666.7% from fiscal 2024.
- Revenue
- +20.4%
- EPS
- +63.6%
- Free cash flow
- +17.6%
- Total debt
- −13.6%
Quarter to June 2026, against a year earlier
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Nixxy, Inc. (NIXX) Beneish M-score
Nixxy, Inc.'s Beneish M-score for fiscal 2025 is 15265.79; 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 | 15265.79 | 15,379.81 |
| FY2024 | −114.02 | (108.49) |
| FY2023 | −5.53 | 1.33 |
| FY2022 | −6.86 | (5.81) |
| FY2021 | −1.05 | 13.90 |
| FY2020 | −14.96 | (13.37) |
| FY2019 | −1.59 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.01 | — | 0.01 | |
| Gross margin index | 1,359.81 | — | 717.98 | |
| Asset quality index Asset quality not computable — index set to 1 | 1.00 | — | Set to 1 | 0.40 |
| Sales growth index | 16,317.67 | — | 14555.36 | |
| Depreciation index Depreciation not reported — index set to 1 | 1.00 | — | Set to 1 | 0.12 |
| SG&A index | 0.00 | — | −0.00 | |
| Total accruals to total assets | (0.65) | — | −3.03 | |
| Leverage index | 0.63 | — | −0.21 | |
| Beneish M-score | Flagged by the model | 15265.79 | ||
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 |
|---|---|
| PCLA PicoCELA Inc. compare | −3.8× |
| CABO Cable One, Inc. compare | −3.3× |
| IQST iQSTEL Inc. compare | −3.1× |
| UCL uCloudlink Group Inc. Sponsored ADR compare | −2.8× |
| IOTR iOThree Limited compare | −1.9× |
| FNGR FingerMotion, Inc. compare | −1.2× |
| ELWT Elauwit Connection, Inc. compare | −1.1× |
| NIXX Nixxy, Inc. | 15,266× |
| SURG SurgePays, 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