A2Z Cust2Mate Solutions Corp.
AZ Technology Software Application
A2Z Cust2Mate Solutions Corp.’s revenue for fiscal 2025 (year ended December 2025) was $7.9 million, up 47.0% from fiscal 2024. In the quarter to June 2026, revenue grew 409.0%, EPS grew 54.3%, free cash flow fell 105.3% and total debt rose 5,584.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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A2Z Cust2Mate Solutions Corp. (AZ) Altman Z-score
A2Z Cust2Mate Solutions Corp.'s Altman Z-score for fiscal 2025 is 13.95, 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 | 13.95 | 15.95 |
| FY2024 | −2.00 | 15.26 |
| FY2023 | −17.27 | (8.45) |
| FY2022 | −8.82 | (49.61) |
| FY2021 | 40.79 | 40.75 |
| FY2020 | 0.04 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.85 | — | 1.02 | |
| Retained earnings / total assets | (1.62) | — | −2.27 | |
| EBIT / total assets | (0.43) | — | −1.41 | |
| Market value of equity / total liabilities | 27.53 | — | 16.52 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Safe zone | 13.95 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.60 | ||
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 |
|---|---|
| AZ A2Z Cust2Mate Solutions Corp. | 13.9× |
| IMMR Immersion Corporation compare | 2.5× |
| EXFY Expensify, Inc. compare | 1.4× |
| SMRT SmartRent, Inc. compare | 1.1× |
| SVCO Silvaco Group, Inc. compare | 0.1× |
| XPER Xperi Inc. compare | −0.4× |
| RBBN Ribbon Communications Inc. compare | −0.5× |
| ALIT Alight, Inc. compare | −2.6× |
| BLND Blend Labs, Inc. compare | −8.4× |
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