CISO Global, Inc.
CISO Technology Software Infrastructure
CISO Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.6 million, down 13.5% from fiscal 2024. In the quarter to June 2026, revenue fell 13.7%, EPS grew 55.6%, free cash flow grew 97.1% and total debt rose 44.3%, each against the same quarter a year earlier.
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CISO Global, Inc. (CISO) Altman Z-score
CISO Global, Inc.'s Altman Z-score for fiscal 2025 is −10.11, 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 | −10.11 | 0.11 |
| FY2024 | −10.22 | (2.78) |
| FY2023 | −7.44 | (13.29) |
| FY2022 | 5.84 | 1.83 |
| FY2021 | 4.02 | 2.77 |
| FY2020 | 1.25 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.18) | — | −0.21 | |
| Retained earnings / total assets | (7.61) | — | −10.65 | |
| EBIT / total assets | (0.35) | — | −1.16 | |
| Market value of equity / total liabilities | 1.41 | — | 0.85 | |
| Sales / total assets | 1.06 | — | 1.06 | |
| Altman Z-score | Distress zone | −10.11 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −26.80 | ||
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 |
|---|---|
| HPAI Helport AI Limited compare | 7.4× |
| ALAR Alarum Technologies Ltd. Sponsored ADR compare | 1.0× |
| DTSS Datasea Intelligent Technology Ltd. compare | −1.9× |
| BLIN Bridgeline Digital, Inc. compare | −6.7× |
| CISO CISO Global, Inc. | −10.1× |
| AUID authID Inc. compare | −27.1× |
| APCX AppTech Payments Corp. compare | −28.7× |
| CYAB Cyabra, Inc. compare | — |
| FAASF DigiAsia Corp. 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