Quanome Technologies, Inc.
QNME Industrials Integrated Freight & Logistics
In the quarter to June 2026, revenue fell 58.7%, EPS fell 81.7%, free cash flow fell 174.5% and total debt fell 88.7%, each against the same quarter a year earlier.
Follow QNME
Quanome Technologies, Inc. (QNME) Beneish M-score
Quanome Technologies, Inc.'s Beneish M-score for fiscal 2026 is −4.80; 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) |
|---|---|---|
| FY2026 | −4.80 | (2.04) |
| FY2025 | −2.76 | (1.06) |
| FY2024 | −1.71 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.72 | — | 0.66 | |
| Gross margin index | 0.99 | — | 0.52 | |
| Asset quality index | 0.14 | — | 0.06 | |
| Sales growth index | 2.12 | — | 1.89 | |
| Depreciation index | 1.00 | — | 0.12 | |
| SG&A index | 1.31 | — | −0.22 | |
| Total accruals to total assets | (0.60) | — | −2.79 | |
| Leverage index | 0.57 | — | −0.18 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −4.80 | ||
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 |
|---|---|
| BTOC Armlogi Holding Corp. compare | −7.7× |
| CJMB Callan JMB Inc. compare | −5.5× |
| QNME Quanome Technologies, Inc. | −4.8× |
| ATXG Addentax Group Corp. compare | −3.2× |
| JYD Jayud Global Logistics Limited compare | −3.1× |
| SLGB Smart Logistics Global Limited compare | −2.9× |
| CRGO Freightos Limited compare | −2.9× |
| SFWL Shengfeng Development Limited compare | −2.3× |
| ELOG Eastern International Ltd. compare | −2.0× |
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