Creative Realities, Inc.
CREX Technology Software Application
Creative Realities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $57.2 million, up 12.5% from fiscal 2024. In the quarter to June 2026, revenue grew 65.0%, EPS fell 141.2%, free cash flow fell 97.8% and total debt rose 1,381.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
Follow CREX
Creative Realities, Inc. (CREX) Altman Z-score
Creative Realities, Inc.'s Altman Z-score for fiscal 2025 is −0.34, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −0.34 | (0.12) |
| FY2024 | −0.22 | (0.13) |
| FY2023 | −0.10 | 0.31 |
| FY2022 | −0.41 | 1.50 |
| FY2021 | −1.91 | 2.92 |
| FY2020 | −4.82 | (4.77) |
| FY2019 | −0.06 | 0.95 |
| FY2018 | −1.01 | 0.02 |
| FY2017 | −1.03 | (0.08) |
| FY2016 | −0.95 | 0.24 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.04) | — | −0.05 | |
| Retained earnings / total assets | (0.43) | — | −0.60 | |
| EBIT / total assets | (0.06) | — | −0.19 | |
| Market value of equity / total liabilities | 0.21 | — | 0.13 | |
| Sales / total assets | 0.38 | — | 0.38 | |
| Altman Z-score | Distress zone | −0.34 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.87 | ||
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 |
|---|---|
| ATHR Aether Holdings, Inc. compare | 74.3× |
| BMR Beamr Imaging Ltd. compare | 11.4× |
| JG Aurora Mobile Limited Sponsored ADR compare | 4.0× |
| VTSI VirTra, Inc. compare | 2.7× |
| INLX Intellinetics, Inc. compare | 2.2× |
| ZENVF Zenvia Inc. compare | 0.3× |
| CREX Creative Realities, Inc. | −0.3× |
| NXPL NextPlat Corp. compare | −0.7× |
| STIXF Semantix, Inc. compare | −1.0× |
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