Done.ai Group AB (OSTO:DONE) Beneish M-Score: 50.82 (As of Jul. 05, 2026)


OSTO:DONE Done.ai Group AB OSTO:DONE
20 GF Score
Price kr8.96
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What is Done.ai Group AB Beneish M-Score?

Done.ai Group AB OSTO:DONE +1.70% 20 Beneish M-Score is 50.82 as of Jul. 05, 2026. GuruFocus rates OSTO:DONE with a GF Score™ of 20/100. The stock has 6 warning signs investors should review. Among 2,628 Software companies, Done.ai Group AB ranks worse than 99.51% 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 50.82 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Done.ai Group AB's Beneish M-Score or its related term are showing as below:

OSTO:DONE' s Beneish M-Score Range Over the Past 10 Years
Min: -4.41   Med: -2.14   Max: 50.82
Current: 50.82

During the past 10 years, the highest Beneish M-Score of Done.ai Group AB was 50.82. The lowest was -4.41. And the median was -2.14.


Done.ai Group AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Done.ai Group AB'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.

Done.ai Group AB Beneish M-Score Chart

Done.ai Group AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.27 -2.87 -3.79 0.28 50.82

Done.ai Group AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 50.82 0.00

OSTO:DONE vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Done.ai Group AB'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.


Done.ai Group AB Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Done.ai Group AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Done.ai Group AB's Beneish M-Score falls into.


OSTO:DONE
20GF Score
Done.ai Group AB OSTO:DONE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Done.ai Group AB 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 Done.ai Group AB 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 * 28.4034+0.528 * 2.0824+0.404 * 68.9983+0.892 * 0.5805+0.115 * 2.8761
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.084319-0.327 * 1.5899
=50.82

* 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 kr138.9 Mil.
Revenue was kr239.9 Mil.
Gross Profit was kr72.7 Mil.
Total Current Assets was kr262.0 Mil.
Total Assets was kr846.2 Mil.
Property, Plant and Equipment(Net PPE) was kr134.7 Mil.
Depreciation, Depletion and Amortization(DDA) was kr71.8 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr150.3 Mil.
Long-Term Debt & Capital Lease Obligation was kr77.5 Mil.
Net Income was kr-100.4 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr-171.7 Mil.
Total Receivables was kr8.4 Mil.
Revenue was kr413.2 Mil.
Gross Profit was kr260.8 Mil.
Total Current Assets was kr2,291.0 Mil.
Total Assets was kr2,308.8 Mil.
Property, Plant and Equipment(Net PPE) was kr0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr85.3 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr124.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr266.1 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)
=(138.895 / 239.851) / (8.424 / 413.177)
=0.579089 / 0.020388
=28.4034

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)
=(260.786 / 413.177) / (72.699 / 239.851)
=0.631173 / 0.303101
=2.0824

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 - (261.952 + 134.735) / 846.207) / (1 - (2290.983 + 0.021) / 2308.779)
=0.531218 / 0.007699
=68.9983

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
=239.851 / 413.177
=0.5805

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))
=(85.297 / (85.297 + 0.021)) / (71.79 / (71.79 + 134.735))
=0.999754 / 0.347609
=2.8761

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)
=(0 / 239.851) / (0 / 413.177)
=0 / 0
=1

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)
=((77.455 + 150.286) / 846.207) / ((266.116 + 124.694) / 2308.779)
=0.269132 / 0.169271
=1.5899

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
=(-100.395 - 0 - -171.746) / 846.207
=0.084319

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.

Done.ai Group AB has a M-score of 50.82 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 50.82 mean?
Done.ai Group AB (OSTO:DONE) has a Beneish M-Score of 50.82 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Done.ai Group AB and its competitors. According to the industry distribution chart, Done.ai Group AB ranks #2615 out of 2628 companies in the Software industry, placing it in the top 99.5%.
Is Done.ai Group AB's Beneish M-Score too high?
Done.ai Group AB's current Beneish M-Score is 50.82. Based on the distribution chart, Done.ai Group AB ranks #2615 out of 2628 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Done.ai Group AB has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Done.ai Group AB's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Done.ai Group AB ranks #2615 out of 2628 companies for Beneish M-Score. This places Done.ai Group AB 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 Done.ai Group AB and its competitors. Done.ai Group AB's current Beneish M-Score is 50.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Done.ai Group AB stock overvalued right now?
Done.ai Group AB (OSTO:DONE) has a current Beneish M-Score of 50.82. The current Beneish M-Score is 50.82. Done.ai Group AB's overall GF Score™ is 20/100 with 6 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 Done.ai Group AB (OSTO:DONE), the current Beneish M-Score is 50.82 as of Jul. 05, 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.

Done.ai Group AB Business Description

Address Sveavagen 9, Stockholm, SWE, 111 57
Done.ai Group AB offers an integrated suite of AI-powered tools that span the full operational workflow. Its modular, API-first architecture, businesses can manage their entire value chain, from first customer touchpoint to back-end accounting, fully integrated in one automated, end-to-end platform.
20GF Score

Get the complete analysis for OSTO:DONE

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

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