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) Piotroski F-score
CLPS Incorporation's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (1.00) |
| FY2024 | 4 | (1.00) |
| FY2023 | 5 | 2.00 |
| FY2022 | 3 | (1.00) |
| FY2021 | 4 | (1.00) |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | 2.00 |
| FY2018 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (6.18%) | (2.27%) | Fail | 0 |
| Positive operating cash flow | (2.54m) | 8.93m | Fail | 0 |
| Rising return on assets | (6.18%) | (2.27%) | Fail | 0 |
| Cash flow above net income | 4.51m | 11.26m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 1.58 | 1.96 | Fail | 0 |
| No new shares issued | 27,533,000 | 25,213,000 | Fail | 0 |
| Rising gross margin | 22.07% | 23.07% | Fail | 0 |
| Rising asset turnover | 1.44 | 1.39 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| JFU 9F Inc. Sponsored ADR compare | 8 |
| CSPI CSP Inc. compare | 5 |
| CTM Castellum, Inc. compare | 5 |
| BDAI Biddance AI Systems, Inc. compare | 4 |
| VEEA Veea Inc. compare | 4 |
| AIOS AIOS Tech Inc. compare | 4 |
| WYY WidePoint Corporation compare | 4 |
| CLPS CLPS Incorporation | 3 |
| SAIH SAIHEAT Limited compare | 1 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover