Neighborhood Intelligence, Inc.
NXH Consumer Cyclical Internet Retail
Neighborhood Intelligence, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, down 25.1% from fiscal 2024. In the quarter to June 2026, revenue grew 28.0%, EPS fell 55.9%, free cash flow fell 409.2% and total debt rose 97.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
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Neighborhood Intelligence, Inc. (NXH) Beneish M-score
Neighborhood Intelligence, Inc.'s Beneish M-score for fiscal 2025 is −2.31; 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 | −2.31 | 1.43 |
| FY2024 | −3.74 | 0.99 |
| FY2023 | −4.72 | (2.03) |
| FY2022 | −2.70 | (1.25) |
| FY2021 | −1.45 | 1.49 |
| FY2020 | −2.94 | (0.42) |
| FY2019 | −2.52 | (0.06) |
| FY2018 | −2.46 | 1.06 |
| FY2017 | −3.52 | (1.45) |
| FY2016 | −2.07 | 1.02 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.76 | — | 1.61 | |
| Gross margin index | 0.84 | — | 0.45 | |
| Asset quality index | 1.07 | — | 0.43 | |
| Sales growth index | 0.75 | — | 0.67 | |
| Depreciation index | 0.82 | — | 0.09 | |
| SG&A index | 0.90 | — | −0.15 | |
| Total accruals to total assets | (0.07) | — | −0.31 | |
| Leverage index | 0.81 | — | −0.26 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.31 | ||
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 |
|---|---|
| HOUR Hour Loop, Inc. compare | −3.5× |
| TDUP ThredUp Inc. compare | −3.5× |
| BZUN Baozun Inc. compare | −2.7× |
| ZKH ZKH Group Limited Unsponsored ADR compare | −2.5× |
| NEGG Newegg Commerce, Inc. compare | −2.3× |
| NXH Neighborhood Intelligence, Inc. | −2.3× |
| RERE ATRenew Inc. Sponsored ADR compare | −0.5× |
| LOGC ContextLogic Inc. compare | — |
| MI NFT Limited 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