Dolphin Digital Media Inc.
DLPN Communication Services Advertising Agencies
Dolphin Digital Media Inc.’s revenue for fiscal 2025 (year ended December 2025) was $56.7 million, up 9.70% from fiscal 2024. In the quarter to June 2026, revenue grew 2.52%, EPS was flat, free cash flow fell 110.8% and total debt fell 1.03%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
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Dolphin Digital Media Inc. (DLPN) Altman Z-score
Dolphin Digital Media Inc.'s Altman Z-score for fiscal 2025 is −2.49, 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 | −2.49 | 0.72 |
| FY2024 | −3.20 | (0.22) |
| FY2023 | −2.98 | (1.52) |
| FY2022 | −1.46 | (0.40) |
| FY2021 | −1.06 | 1.09 |
| FY2020 | −2.15 | 1.00 |
| FY2019 | −3.15 | 0.24 |
| FY2018 | −3.39 | (0.46) |
| FY2017 | −2.93 | 12.34 |
| FY2016 | −15.27 | (8.23) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.08) | — | −0.09 | |
| Retained earnings / total assets | (2.56) | — | −3.58 | |
| EBIT / total assets | 0.00 | — | −0.00 | |
| Market value of equity / total liabilities | 0.37 | — | 0.22 | |
| Sales / total assets | 0.97 | — | 0.97 | |
| Altman Z-score | Distress zone | −2.49 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −8.65 | ||
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 |
|---|---|
| EDHL Everbright Digital Holding Limited compare | 10.5× |
| MF MindForge Inc. compare | 7.6× |
| SWAG Stran & Company, Inc. compare | 3.5× |
| ACCS ACCESS Newswire Inc. compare | 2.4× |
| WIMI WiMi Hologram Cloud Inc. compare | 0.9× |
| TULP Bloomia Holdings, Inc. compare | −0.2× |
| DLPN Dolphin Digital Media Inc. | −2.5× |
| TDIC Dreamland Limited compare | −2.7× |
| CDLX Cardlytics, Inc. compare | −6.9× |
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