BioHarvest Sciences Inc.
BHST Consumer Defensive Packaged Foods
BioHarvest Sciences Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.5 million, up 37.0% from fiscal 2024. In the quarter to June 2026, revenue grew 3.78%, EPS grew 29.2%, free cash flow fell 64.0% and total debt fell 73.3%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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BioHarvest Sciences Inc. (BHST) Altman Z-score
BioHarvest Sciences Inc.'s Altman Z-score for fiscal 2025 is 0.33, 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 | 0.33 | 3.42 |
| FY2024 | −3.08 | 5.94 |
| FY2023 | −9.03 | 1.70 |
| FY2022 | −10.73 | (13.14) |
| FY2021 | 2.41 | 19.12 |
| FY2020 | −16.71 | 31.89 |
| FY2019 | −48.60 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.48 | — | 0.57 | |
| Retained earnings / total assets | (2.26) | — | −3.16 | |
| EBIT / total assets | (0.12) | — | −0.39 | |
| Market value of equity / total liabilities | 4.30 | — | 2.58 | |
| Sales / total assets | 0.72 | — | 0.72 | |
| Altman Z-score | Distress zone | 0.33 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.80 | ||
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 |
|---|---|
| JVA Coffee Holding Co., Inc. compare | 4.5× |
| BRID Bridgford Foods Corporation compare | 3.9× |
| BHST BioHarvest Sciences Inc. | 0.3× |
| HAIN The Hain Celestial Group, Inc. compare | −0.1× |
| BOF BranchOut Food Inc. compare | −0.3× |
| LSF Laird Superfood, Inc. compare | −3.6× |
| BRLS Borealis Foods Inc. compare | −4.1× |
| SRXH SRX Global Inc. compare | −6.4× |
| YGFGF YanGuFang International Group Co., Ltd. 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