NXTDF (Nextgen Digital Platforms) Beneish M-Score: 8.93 (As of Jun. 25, 2026) — 189% Above Median


NXTDF Nextgen Digital Platforms Inc NXTDF
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What is Nextgen Digital Platforms Beneish M-Score?

Nextgen Digital Platforms NXTDF 12 Beneish M-Score is 8.93 as of Jun. 25, 2026, which is 189% above its 10-year median of 3.09. GuruFocus rates NXTDF with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 2,633 Software companies, Nextgen Digital Platforms ranks worse than 97.84% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 8.93 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Nextgen Digital Platforms's Beneish M-Score or its related term are showing as below:

NXTDF' s Beneish M-Score Range Over the Past 10 Years
Min: -4.97   Med: 3.09   Max: 8.93
Current: 8.93

During the past 4 years, the highest Beneish M-Score of Nextgen Digital Platforms was 8.93. The lowest was -4.97. And the median was 3.09.

Nextgen Digital Platforms Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Nextgen Digital Platforms's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nextgen Digital Platforms Beneish M-Score Chart

Nextgen Digital Platforms Annual Data
Trend Mar22 Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 0.00 -4.97

Nextgen Digital Platforms Quarterly Data
Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -4.97 6.31 -0.14 8.93

NXTDF vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Nextgen Digital Platforms's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nextgen Digital Platforms Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Nextgen Digital Platforms's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Nextgen Digital Platforms's Beneish M-Score falls into.


NXTDF
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Nextgen Digital Platforms Inc NXTDF
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Nextgen Digital Platforms Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Nextgen Digital Platforms for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 29.1429+0.528 * 0.037+0.404 * 0.6855+0.892 * 0.3333+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 22.7656+4.679 * -0.351775-0.327 * 0.4953
=16.96

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $0.14 Mil.
Revenue was 0 + 0.001 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.004 + -0.002 + -0.002 + -0.001 = $-0.01 Mil.
Total Current Assets was $1.07 Mil.
Total Assets was $1.21 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $2.91 Mil.
Total Current Liabilities was $0.32 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.596 + -0.979 + -1.106 + -0.364 = $-3.05 Mil.
Non Operating Income was 0 + -0.027 + 0 + 0 = $-0.03 Mil.
Cash Flow from Operations was -0.358 + -0.705 + -1.193 + -0.336 = $-2.59 Mil.
 Total Receivables was $0.01 Mil.
Revenue was 0.001 + 0 + 0.001 + 0.001 = $0.00 Mil.
Gross Profit was -0.001 + 0 + 0 + 0 = $-0.00 Mil.
Total Current Assets was $0.09 Mil.
Total Assets was $0.11 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.38 Mil.
Total Current Liabilities was $0.06 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0.136 / 0.001) / (0.014 / 0.003)
=136 / 4.666667
=29.1429

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(-0.001 / 0.003) / (-0.009 / 0.001)
=-0.333333 / -9
=0.037

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (1.071 + 0.014) / 1.211) / (1 - (0.091 + 0.004) / 0.112)
=0.104046 / 0.151786
=0.6855

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=0.001 / 0.003
=0.3333

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0 / (0 + 0.004)) / (0.009 / (0.009 + 0.014))
=0 / 0.391304
=1

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(2.914 / 0.001) / (0.384 / 0.003)
=2914 / 128
=22.7656

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0 + 0.316) / 1.211) / ((0 + 0.059) / 0.112)
=0.260941 / 0.526786
=0.4953

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-3.045 - -0.027 - -2.592) / 1.211
=-0.351775

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Nextgen Digital Platforms has a M-score of 16.96 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 8.93 mean?
Nextgen Digital Platforms (NXTDF) has a Beneish M-Score of 8.93 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nextgen Digital Platforms and its competitors. This is 189% above median its historical median of 3.09. According to the industry distribution chart, Nextgen Digital Platforms ranks #2576 out of 2633 companies in the Software industry, placing it in the top 97.8%.
Is Nextgen Digital Platforms' Beneish M-Score too high?
Nextgen Digital Platforms' current Beneish M-Score of 8.93 is 189% above median its 10-year median of 3.09. Based on the distribution chart, Nextgen Digital Platforms ranks #2576 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Nextgen Digital Platforms has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nextgen Digital Platforms' Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Nextgen Digital Platforms ranks #2576 out of 2633 companies for Beneish M-Score. This places Nextgen Digital Platforms in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Software company?
A good Beneish M-Score depends on the Software industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nextgen Digital Platforms and its competitors. Nextgen Digital Platforms's current Beneish M-Score is 8.93, which is 189% above median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nextgen Digital Platforms stock overvalued right now?
Nextgen Digital Platforms (NXTDF) has a current Beneish M-Score of 8.93. The current Beneish M-Score is 8.93, which is 189% above median its 10-year median of 3.09. Nextgen Digital Platforms' overall GF Score™ is 12/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Nextgen Digital Platforms (NXTDF), the current Beneish M-Score is 8.93 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nextgen Digital Platforms Business Description

Other Exchanges Z12:GermanyNXT:Canada
Address 70 Trius Drive, Second Floor, Fredericton, NB, CAN, E3B 5E3
Nextgen Digital Platforms Inc develops and acquires revenue-generating micro-technology digital platforms. It is developing a line of business referred to as Cloud AI Hosting (Cloud AI Hosting), a hardware-as-a-service business whereby the computing power of NextGen's specialized hardware workstations is leased to third-party end users for artificial intelligence applications, via a cloud-based portal.
12GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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