AppTech Payments Corp.
APCX Technology Software Infrastructure
AppTech Payments Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 million, up 405.4% from fiscal 2024. In the quarter to June 2026, revenue grew 469.4%, EPS grew 66.7%, free cash flow grew 39.3% and total debt rose 3,633.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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AppTech Payments Corp. (APCX) Altman Z-score
AppTech Payments Corp.'s Altman Z-score for fiscal 2025 is −28.71, 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 | −28.71 | (1.06) |
| FY2024 | −27.65 | 1.53 |
| FY2023 | −29.18 | (13.71) |
| FY2022 | −15.47 | 42.19 |
| FY2021 | −57.66 | 163.61 |
| FY2020 | −221.27 | 587.23 |
| FY2019 | −808.50 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.59) | — | −0.71 | |
| Retained earnings / total assets | (18.80) | — | −26.32 | |
| EBIT / total assets | (0.81) | — | −2.66 | |
| Market value of equity / total liabilities | 1.39 | — | 0.84 | |
| Sales / total assets | 0.15 | — | 0.15 | |
| Altman Z-score | Distress zone | −28.71 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −70.31 | ||
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 |
|---|---|
| HPAI Helport AI Limited compare | 7.4× |
| ALAR Alarum Technologies Ltd. Sponsored ADR compare | 1.0× |
| DTSS Datasea Intelligent Technology Ltd. compare | −1.9× |
| BLIN Bridgeline Digital, Inc. compare | −6.7× |
| OLB OLB Group, Inc. compare | −9.6× |
| CISO CISO Global, Inc. compare | −10.1× |
| APCX AppTech Payments Corp. | −28.7× |
| BTLN Brightline Interactive, Inc. compare | −44.0× |
| RKTO Rocket One Inc. 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