Airwa (YYAI) Beneish M-Score: -1.22 (As of Jun. 24, 2026)


YYAI Airwa Inc YYAI
37 GF Score
Price $6.70
! 3 Warning Signs
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What is Airwa Beneish M-Score?

Airwa YYAI -4.95% 37 Beneish M-Score is -1.22 as of Jun. 24, 2026. GuruFocus rates YYAI with a GF Score™ of 37/100. The stock has 3 warning signs investors should review. Among 2,633 Software companies, Airwa ranks worse than 87.73% 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 -1.22 higher than -1.78, which implies that the company might have manipulated its financial results.

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

YYAI' s Beneish M-Score Range Over the Past 10 Years
Min: -24.44   Med: -2.84   Max: 226.86
Current: -1.22

During the past 10 years, the highest Beneish M-Score of Airwa was 226.86. The lowest was -24.44. And the median was -2.84.

Airwa Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Airwa'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.

Airwa Beneish M-Score Chart

Airwa Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 11.03 -21.68 13.81 -1.84

Airwa Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 19.44 -1.84 54.37 226.86 -1.22

YYAI vs OBAI, CHOW, TAOP: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Airwa'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.

Airwa Beneish M-Score vs Software Industry

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

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


YYAI
37GF Score
Airwa Inc YYAI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Airwa 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 Airwa 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 * 1.4141+0.528 * 1.7414+0.404 * 1.8545+0.892 * 1.1769+0.115 * 1.6959
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.0502+4.679 * -0.019827-0.327 * 0.4652
=-1.22

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was $20.62 Mil.
Revenue was 6.973 + 3 + 3 + 3 = $15.97 Mil.
Gross Profit was 0.391 + 2.256 + 2.256 + 2.256 = $7.16 Mil.
Total Current Assets was $62.00 Mil.
Total Assets was $199.88 Mil.
Property, Plant and Equipment(Net PPE) was $2.07 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.98 Mil.
Selling, General, & Admin. Expense(SGA) was $5.90 Mil.
Total Current Liabilities was $12.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -1.616 + 0.157 + 0.883 + 0.01 = $-0.57 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 35.711 + -30.806 + -1.084 + -0.424 = $3.40 Mil.
 Total Receivables was $12.39 Mil.
Revenue was 3.273 + 3.273 + 3.273 + 3.753 = $13.57 Mil.
Gross Profit was 2.528 + 2.528 + 2.528 + 3.009 = $10.59 Mil.
Total Current Assets was $19.46 Mil.
Total Assets was $30.71 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.98 Mil.
Selling, General, & Admin. Expense(SGA) was $2.44 Mil.
Total Current Liabilities was $4.07 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)
=(20.619 / 15.973) / (12.389 / 13.572)
=1.290866 / 0.912835
=1.4141

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)
=(10.593 / 13.572) / (7.159 / 15.973)
=0.780504 / 0.448194
=1.7414

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 - (61.998 + 2.071) / 199.883) / (1 - (19.461 + 0) / 30.714)
=0.679467 / 0.36638
=1.8545

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
=15.973 / 13.572
=1.1769

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))
=(2.976 / (2.976 + 0)) / (2.976 / (2.976 + 2.071))
=1 / 0.589657
=1.6959

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)
=(5.897 / 15.973) / (2.444 / 13.572)
=0.369186 / 0.180077
=2.0502

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 + 12.335) / 199.883) / ((0 + 4.074) / 30.714)
=0.061711 / 0.132643
=0.4652

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
=(-0.566 - 0 - 3.397) / 199.883
=-0.019827

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.

Airwa has a M-score of -1.22 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 -1.22 mean?
Airwa (YYAI) has a Beneish M-Score of -1.22 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Airwa and its competitors. According to the industry distribution chart, Airwa ranks #2310 out of 2633 companies in the Software industry, placing it in the top 87.7%.
Is Airwa's Beneish M-Score too high?
Airwa's current Beneish M-Score is -1.22. Based on the distribution chart, Airwa ranks #2310 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Airwa has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Airwa's Beneish M-Score compare to OBAI and CHOW?
According to the Software industry distribution chart, Airwa ranks #2310 out of 2633 companies for Beneish M-Score. This places Airwa 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 Airwa and its competitors. Airwa's current Beneish M-Score is -1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airwa stock overvalued right now?
Airwa (YYAI) has a current Beneish M-Score of -1.22. The current Beneish M-Score is -1.22. Airwa's overall GF Score™ is 37/100 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 Airwa (YYAI), the current Beneish M-Score is -1.22 as of Jun. 24, 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.

Airwa Business Description

Address 74 East Glenwood Avenue, Suite 320, Smyrna, DE, USA, 19977
Airwa Inc operates through its majority-owned subsidiary, which owns advanced patents and proprietary technology licensed to partners worldwide, enabling localized digital matchmaking and other technology solutions. The company is also active in the Web3 space, driving innovation in digital finance through AiRWA Exchange, which will focus on the tokenization of real-world assets (RWA), particularly tokenized U.S. stocks.
37GF Score

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