Robo.ai Inc. - Class B
AIIO Consumer Cyclical Auto Manufacturers
Robo.ai Inc. - Class B’s revenue for fiscal 2025 (year ended December 2025) was $950,000.00, down 92.1% from fiscal 2024.
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Robo.ai Inc. - Class B (AIIO) Altman Z-score
Robo.ai Inc. - Class B's Altman Z-score for fiscal 2025 is −227.33, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −227.33 | (194.24) |
| FY2024 | −33.09 | (36.96) |
| FY2023 | 3.86 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (13.80) | — | −16.56 | |
| Retained earnings / total assets | (107.10) | — | −149.95 | |
| EBIT / total assets | (18.61) | — | −61.40 | |
| Market value of equity / total liabilities | 0.77 | — | 0.46 | |
| Sales / total assets | 0.11 | — | 0.11 | |
| Altman Z-score | Distress zone | −227.33 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −565.73 | ||
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 |
|---|---|
| LVWR LiveWire Group, Inc. compare | 1.7× |
| NIU Niu Technologies compare | 1.5× |
| GGR Gogoro Inc. compare | −1.4× |
| EMPD Empery Digital Inc. compare | −2.2× |
| FSRNQ Fisker Inc. compare | −2.3× |
| LOT Lotus Technology Inc. Sponsored ADR compare | −3.5× |
| CENN Cenntro Inc. compare | −8.1× |
| AIIO Robo.ai Inc. - Class B | −227× |
| SEV Aptera Motors Corp. compare | — |
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