Cambium Networks Corporation
CMBMF Technology Communication Equipment
Cambium Networks Corporation’s revenue for fiscal 2025 (year ended December 2025) was $159.6 million, down 9.95% from fiscal 2024. In the quarter to March 2026, revenue grew 32.1%, EPS grew 71.4%, free cash flow grew 20.5% and total debt was flat, each against the same quarter a year earlier.
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Cambium Networks Corporation (CMBMF) Altman Z-score
Cambium Networks Corporation's Altman Z-score for fiscal 2025 is −1.79, 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 | −1.79 | (0.26) |
| FY2024 | −1.53 | (2.21) |
| FY2023 | 0.68 | (4.11) |
| FY2022 | 4.79 | (1.02) |
| FY2021 | 5.81 | 1.32 |
| FY2020 | 4.49 | 2.22 |
| FY2019 | 2.27 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.34) | — | −0.41 | |
| Retained earnings / total assets | (1.44) | — | −2.02 | |
| EBIT / total assets | (0.20) | — | −0.67 | |
| Market value of equity / total liabilities | 0.24 | — | 0.14 | |
| Sales / total assets | 1.16 | — | 1.16 | |
| Altman Z-score | Distress zone | −1.79 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −8.51 | ||
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 |
|---|---|
| FKWL Franklin Wireless Corp. compare | 3.0× |
| CLRO ClearOne, Inc. compare | 2.5× |
| MITQ Moving iMage Technologies, Inc. compare | 2.1× |
| BOSC B.O.S. Better Online Solutions compare | 1.1× |
| CMBMF Cambium Networks Corporation | −1.8× |
| DZSIQ DZS Inc. compare | −1.9× |
| SYNX Silynxcom Ltd. compare | −2.6× |
| VISL Vislink Technologies, Inc. compare | −26.1× |
| UTSI UTStarcom Holdings Corp compare | −30.6× |
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