stockrowASP Isotopes Inc.
ASPI Basic Materials Specialty Chemicals
ASP Isotopes Inc.’s revenue for fiscal 2025 (year ended December 2025) was $23.8 million, up 475.5% from fiscal 2024.
- Revenue
- +327.6%
- EPS
- +73.8%
- Free cash flow
- −182.9%
- Total debt
- +162.4%
Quarter to June 2026, against a year earlier
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ASP Isotopes Inc. (ASPI) Altman Z-score
ASP Isotopes Inc.'s Altman Z-score for fiscal 2025 is 1.02, 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 | 1.02 | (1.52) |
| FY2024 | 2.54 | 1.37 |
| FY2023 | 1.17 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.74 | — | 0.88 | |
| Retained earnings / total assets | (0.46) | — | −0.65 | |
| EBIT / total assets | (0.12) | — | −0.40 | |
| Market value of equity / total liabilities | 1.89 | — | 1.13 | |
| Sales / total assets | 0.05 | — | 0.05 | |
| Altman Z-score | Distress zone | 1.02 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.69 | ||
Z and Z″ put ASP Isotopes Inc. in different zones: distress zone by Z, safe 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 |
|---|---|
| HDSN Hudson Technologies, Inc. compare | 4.6× |
| CMT Core Molding Technologies Inc compare | 4.1× |
| FF FutureFuel Corp. compare | 2.0× |
| MNTK Montauk Renewables, Inc. compare | 1.4× |
| OEC Orion S.A. compare | 1.4× |
| ASPI ASP Isotopes Inc. | 1.0× |
| ALTO Alto Ingredients, Inc. compare | 0.7× |
| GEVO Gevo, Inc. compare | −0.3× |
| 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