Arlo Technologies, Inc.
ARLO Industrials Building Products & Equipment
Arlo Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $529.3 million, up 3.60% from fiscal 2024. In the quarter to June 2026, revenue grew 20.5%, EPS was flat and free cash flow grew 45.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Arlo Technologies, Inc. (ARLO) Altman Z-score
Arlo Technologies, Inc.'s Altman Z-score for fiscal 2025 is 5.17, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.17 | 2.01 |
| FY2024 | 3.16 | 0.25 |
| FY2023 | 2.91 | 2.27 |
| FY2022 | 0.64 | (1.41) |
| FY2021 | 2.05 | 1.17 |
| FY2020 | 0.89 | 0.12 |
| FY2019 | 0.77 | (1.19) |
| FY2018 | 1.96 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.34 | |
| Retained earnings / total assets | (1.23) | — | −1.73 | |
| EBIT / total assets | 0.02 | — | 0.06 | |
| Market value of equity / total liabilities | 7.98 | — | 4.79 | |
| Sales / total assets | 1.70 | — | 1.70 | |
| Altman Z-score | Safe zone | 5.17 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.29 | ||
Z and Z″ put Arlo 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 |
|---|---|
| NPKI NPK International Inc. compare | 7.4× |
| LMB Limbach Holdings, Inc. compare | 5.6× |
| ARLO Arlo Technologies, Inc. | 5.2× |
| ROCK Gibraltar Industries, Inc. compare | 4.2× |
| APOG Apogee Enterprises, Inc. compare | 3.0× |
| JBI Janus International Group, Inc. compare | 2.4× |
| SWIM Latham Group, Inc. compare | 1.9× |
| NX Quanex Building Products Corporation compare | 1.2× |
| ASPN Aspen Aerogels, Inc. compare | −4.7× |
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