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OS (OneStream) Beneish M-Score : -4.06 (As of Jun. 19, 2025)


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What is OneStream Beneish M-Score?

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.

Good Sign:

Beneish M-Score -4.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OS' s Beneish M-Score Range Over the Past 10 Years
Min: -4.06   Med: -4.05   Max: -4.04
Current: -4.06

During the past 3 years, the highest Beneish M-Score of OneStream was -4.04. The lowest was -4.06. And the median was -4.05.


OneStream Beneish M-Score Historical Data

The historical data trend for OneStream'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.

* Premium members only.

OneStream Beneish M-Score Chart

OneStream Annual Data
Trend Dec22 Dec23 Dec24
Beneish M-Score
- - -4.04

OneStream Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -4.04 -4.06

Competitive Comparison of OneStream's Beneish M-Score

For the Software - Infrastructure subindustry, OneStream'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.


OneStream's Beneish M-Score Distribution in the Software Industry

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

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


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OneStream 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 OneStream 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 * 0.9727+0.528 * 1.1016+0.404 * 0.9433+0.892 * 1.2683+0.115 * 0.6747
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.6727+4.679 * -0.357614-0.327 * 0.999
=-4.06

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $148.9 Mil.
Revenue was 136.309 + 132.475 + 129.14 + 117.501 = $515.4 Mil.
Gross Profit was 92.731 + 88.55 + 64.739 + 80.526 = $326.5 Mil.
Total Current Assets was $783.4 Mil.
Total Assets was $867.3 Mil.
Property, Plant and Equipment(Net PPE) was $25.9 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.0 Mil.
Selling, General, & Admin. Expense(SGA) was $505.7 Mil.
Total Current Liabilities was $335.4 Mil.
Long-Term Debt & Capital Lease Obligation was $15.0 Mil.
Net Income was -24.016 + -31.449 + -171.943 + -7.85 = $-235.3 Mil.
Non Operating Income was 1.705 + -1.765 + 0.772 + 2.391 = $3.1 Mil.
Cash Flow from Operations was 36.197 + 25.138 + 2.36 + 8.114 = $71.8 Mil.
Total Receivables was $120.7 Mil.
Revenue was 110.291 + 102.594 + 107.004 + 86.504 = $406.4 Mil.
Gross Profit was 76.263 + 72.108 + 77.479 + 57.781 = $283.6 Mil.
Total Current Assets was $570.2 Mil.
Total Assets was $644.1 Mil.
Property, Plant and Equipment(Net PPE) was $28.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.8 Mil.
Selling, General, & Admin. Expense(SGA) was $238.4 Mil.
Total Current Liabilities was $243.8 Mil.
Long-Term Debt & Capital Lease Obligation was $16.7 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)
=(148.872 / 515.425) / (120.673 / 406.393)
=0.288833 / 0.296937
=0.9727

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)
=(283.631 / 406.393) / (326.546 / 515.425)
=0.697923 / 0.633547
=1.1016

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 - (783.355 + 25.899) / 867.332) / (1 - (570.226 + 28.195) / 644.145)
=0.066962 / 0.070984
=0.9433

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
=515.425 / 406.393
=1.2683

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))
=(2.817 / (2.817 + 28.195)) / (4.029 / (4.029 + 25.899))
=0.090836 / 0.134623
=0.6747

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)
=(505.677 / 515.425) / (238.363 / 406.393)
=0.981087 / 0.586533
=1.6727

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)
=((14.972 + 335.398) / 867.332) / ((16.699 + 243.774) / 644.145)
=0.403963 / 0.40437
=0.999

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
=(-235.258 - 3.103 - 71.809) / 867.332
=-0.357614

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.

OneStream has a M-score of -4.06 suggests that the company is unlikely to be a manipulator.


OneStream Beneish M-Score Related Terms

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OneStream Business Description

Traded in Other Exchanges
N/A
Address
191 North Chester Street, Birmingham, MI, USA, 48009
OneStream Inc is an AI-enabled and extensible software platform that unifies core financial functions and broader operational data and processes within a single platform. The Digital Finance Cloud of the company provides a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders the control, visibility, and agility required to proactively adjust business and day-to-day execution. Company platform unifies core financial and operational data and processes within a single platform, with solutions that maintain the integrity of corporate reporting standards for Finance while providing operationally insights for business users.