OMNIQ Corp.
OMQS Technology Software Application
In the quarter to June 2026, revenue fell 5.47%, EPS fell 115.8%, free cash flow fell 81.6% and total debt fell 12.1%, each against the same quarter a year earlier.
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OMNIQ Corp. (OMQS) Beneish M-score
OMNIQ Corp.'s Beneish M-score for fiscal 2025 is −4.39; 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 | −4.39 | (1.92) |
| FY2024 | −2.48 | 4.02 |
| FY2023 | −6.50 | (2.85) |
| FY2022 | −3.65 | (1.76) |
| FY2021 | −1.89 | 1.55 |
| FY2020 | −3.44 | 1.57 |
| FY2019 | −5.02 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.48 | — | 0.44 | |
| Gross margin index | 0.59 | — | 0.31 | |
| Asset quality index | 1.70 | — | 0.68 | |
| Sales growth index | 0.94 | — | 0.84 | |
| Depreciation index | 1.03 | — | 0.12 | |
| SG&A index | 1.14 | — | −0.20 | |
| Total accruals to total assets | (0.33) | — | −1.52 | |
| Leverage index | 0.71 | — | −0.23 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −4.39 | ||
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 |
|---|---|
| OMQS OMNIQ Corp. | −4.4× |
| LGCL Lucas GC Limited compare | −3.0× |
| LYTHF Lytus Technologies Holdings PTV. Ltd. compare | −2.7× |
| PARA Parabolic Technologies, Inc. compare | −2.5× |
| EPWKF EPWK Holdings Ltd. compare | −1.6× |
| HTCR HeartCore Enterprises, Inc. compare | 1.3× |
| MASK 3 E Network Technology Group Ltd compare | 1.6× |
| FMTOF Femto Technologies Inc. compare | 1.6× |
| NTCL NetClass Technology Inc compare | 4.2× |
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