stockrowVivopower International Plc
VIVO Technology Software Infrastructure
Vivopower International Plc’s revenue for fiscal 2026 (year ended June 2026) was $2.5 million, up 4,072.1% from fiscal 2025.
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Vivopower International Plc (VIVO) Beneish M-score
Vivopower International Plc's Beneish M-score for fiscal 2026 is 32.82; 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 | 32.82 | 25.00 |
| FY2025 | 7.82 | (260.15) |
| FY2024 | 267.96 | 264.22 |
| FY2022 | 3.74 | 5.69 |
| FY2021 | −1.95 | 0.28 |
| FY2020 | −2.23 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.03 | — | 0.02 | |
| Gross margin index | 0.75 | — | 0.40 | |
| Asset quality index | 1.85 | — | 0.75 | |
| Sales growth index | 41.72 | — | 37.22 | |
| Depreciation index | 8.65 | — | 0.99 | |
| SG&A index | 0.06 | — | −0.01 | |
| Total accruals to total assets | (0.30) | — | −1.40 | |
| Leverage index | 0.96 | — | −0.31 | |
| Beneish M-score | Flagged by the model | 32.82 | ||
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 |
|---|---|
| AGPU Axe Compute Inc. compare | −22.7× |
| VERI Veritone, Inc. compare | −3.8× |
| HOST Healthy Choice Wellness Corp. compare | −3.4× |
| DAVA Endava PLC Sponsored ADR compare | −2.6× |
| AIB AIB Data Centers Inc. compare | −2.6× |
| FATN FatPipe, Inc. compare | −1.4× |
| AISP Airship AI Holdings, Inc. compare | 12.5× |
| DVLT Datavault AI Inc. compare | 13.2× |
| VIVO Vivopower International Plc | 32.8× |
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