Azio AI Holdings, Inc.
AZIO Consumer Cyclical Auto Manufacturers
Azio AI Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.9 million, up 217.6% from fiscal 2024. In the quarter to June 2026, revenue grew 154.3%, EPS grew 77.1%, free cash flow fell 634.3% and total debt rose 72.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Azio AI Holdings, Inc. (AZIO) Altman Z-score
Azio AI Holdings, Inc.'s Altman Z-score for fiscal 2025 is −62.31, 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 | −62.31 | (59.64) |
| FY2024 | −2.67 | (3.58) |
| FY2023 | 0.91 | (6.21) |
| FY2022 | 7.12 | (12.51) |
| FY2021 | 19.63 | 26.70 |
| FY2019 | −7.07 | (1.53) |
| FY2018 | −5.54 | (40.23) |
| FY2017 | 34.69 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (2.10) | — | −2.52 | |
| Retained earnings / total assets | (24.12) | — | −33.77 | |
| EBIT / total assets | (8.29) | — | −27.35 | |
| Market value of equity / total liabilities | 0.09 | — | 0.05 | |
| Sales / total assets | 1.27 | — | 1.27 | |
| Altman Z-score | Distress zone | −62.31 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −148.79 | ||
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 |
|---|---|
| LOBO Lobo EV Technologies Ltd compare | 0.8× |
| GGR Gogoro Inc. compare | −1.4× |
| PEVM Phoenix Motor Inc. compare | −1.6× |
| FSRNQ Fisker Inc. compare | −2.3× |
| WKHS Workhorse Group, Inc. compare | −4.3× |
| FABC Fabric.AI, Inc. compare | −9.3× |
| SVUHF SRIVARU Holding Limited compare | −23.0× |
| AZIO Azio AI Holdings, Inc. | −62.3× |
| ARVLF Arrival 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