Nuburu, Inc.
BURU Industrials Specialty Industrial Machinery
Nuburu, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $152,100.00, down 92.7% from fiscal 2023. In the quarter to June 2026, revenue grew 461.4%, EPS grew 95.6% and free cash flow fell 191.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Nuburu, Inc. (BURU) Altman Z-score
Nuburu, Inc.'s Altman Z-score for fiscal 2024 is −35.93, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −35.93 | (15.98) |
| FY2023 | −19.95 | (7.30) |
| FY2022 | −12.65 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (2.71) | — | −3.25 | |
| Retained earnings / total assets | (18.91) | — | −26.47 | |
| EBIT / total assets | (1.89) | — | −6.23 | |
| Market value of equity / total liabilities | 0.00 | — | 0.00 | |
| Sales / total assets | 0.02 | — | 0.02 | |
| Altman Z-score | Distress zone | −35.93 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −92.81 | ||
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 |
|---|---|
| CVV CVD Equipment Corporation compare | 5.6× |
| JCSE JE Cleantech Holdings Limited compare | 1.8× |
| WFF WF Holding Limited compare | 1.3× |
| SPPL SIMPPLE LTD. compare | −0.5× |
| XCH XCHG Limited compare | −2.4× |
| CETY Clean Energy Technologies, Inc. compare | −4.2× |
| OPTT Ocean Power Technologies, Inc. compare | −16.7× |
| VGTK Camber Energy, Inc. compare | −16.9× |
| BURU Nuburu, Inc. | −35.9× |
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