Aduro Clean Technologies Inc.
ADUR Industrials Pollution & Treatment Controls
Aduro Clean Technologies Inc.’s revenue for fiscal 2026 (year ended May 2026) was $121,300.00, down 26.8% from fiscal 2025. In the quarter to May 2026, revenue fell 98.0%, EPS fell 200.0% and free cash flow grew 31.2%, each against the same quarter a year earlier.
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Aduro Clean Technologies Inc. (ADUR) Altman Z-score
Aduro Clean Technologies Inc.'s Altman Z-score for fiscal 2026 is 22.38, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 22.38 | (152.03) |
| FY2025 | 174.41 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.80 | — | 0.96 | |
| Retained earnings / total assets | (1.28) | — | −1.80 | |
| EBIT / total assets | (0.37) | — | −1.24 | |
| Market value of equity / total liabilities | 40.75 | — | 24.45 | |
| Sales / total assets | 0.00 | — | 0.00 | |
| Altman Z-score | Safe zone | 22.38 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.26 | ||
Z and Z″ put Aduro Clean Technologies Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ZONE Zone Frontier Inc. compare | 74.5× |
| ADUR Aduro Clean Technologies Inc. | 22.4× |
| ERII Energy Recovery, Inc. compare | 19.7× |
| CECO CECO Environmental Corp. compare | 3.7× |
| FTEK Fuel Tech, Inc. compare | 1.3× |
| ARQ Arq, Inc. compare | 1.2× |
| PCT PureCycle Technologies, Inc. compare | −0.1× |
| BCHT Birchtech Corp. compare | −7.4× |
| SCWO 374Water Inc. compare | −8.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets