CLPS Incorporation
CLPS Technology Information Technology Services
CLPS Incorporation’s revenue for fiscal 2025 (year ended June 2025) was $164.5 million, up 15.2% from fiscal 2024. Dividend growth for three consecutive years.
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CLPS Incorporation (CLPS) Altman Z-score
CLPS Incorporation's Altman Z-score for fiscal 2025 is 1.73, 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 | 1.73 | (0.20) |
| FY2024 | 1.93 | (0.86) |
| FY2023 | 2.79 | (0.14) |
| FY2022 | 2.93 | (1.52) |
| FY2021 | 4.46 | 0.56 |
| FY2020 | 3.90 | (2.36) |
| FY2019 | 6.26 | (3.11) |
| FY2018 | 9.37 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | (0.06) | — | −0.09 | |
| EBIT / total assets | (0.05) | — | −0.15 | |
| Market value of equity / total liabilities | 0.42 | — | 0.25 | |
| Sales / total assets | 1.39 | — | 1.39 | |
| Altman Z-score | Distress zone | 1.73 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.23 | ||
Z and Z″ put CLPS Incorporation in different zones: distress zone by Z, grey zone by Z″.
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 |
|---|---|
| BDAI Biddance AI Systems, Inc. compare | 89.0× |
| CTM Castellum, Inc. compare | 7.9× |
| CSPI CSP Inc. compare | 4.2× |
| CLPS CLPS Incorporation | 1.7× |
| JFU 9F Inc. Sponsored ADR compare | 0.9× |
| WYY WidePoint Corporation compare | 0.7× |
| SAIH SAIHEAT Limited compare | −3.8× |
| VEEA Veea Inc. compare | −13.6× |
| AIOS AIOS Tech Inc. compare | −26.8× |
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