Extreme Networks, Inc.
EXTR Technology Communication Equipment
Extreme Networks, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $1.3 billion, up 12.6% from fiscal 2025. In the quarter to June 2026, revenue grew 10.3%, EPS grew 333.3%, free cash flow fell 13.3% and total debt fell 8.02%, each against the same quarter a year earlier.
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Extreme Networks, Inc. (EXTR) Altman Z-score
Extreme Networks, Inc.'s Altman Z-score for fiscal 2026 is 2.51, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.51 | 1.37 |
| FY2025 | 1.14 | 0.57 |
| FY2024 | 0.57 | (1.82) |
| FY2023 | 2.39 | 1.68 |
| FY2022 | 0.71 | 0.05 |
| FY2021 | 0.66 | 1.09 |
| FY2020 | −0.43 | (0.95) |
| FY2019 | 0.52 | (0.02) |
| FY2018 | 0.54 | (0.46) |
| FY2017 | 1.00 | 2.04 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.04) | — | −0.04 | |
| Retained earnings / total assets | (0.77) | — | −1.08 | |
| EBIT / total assets | 0.05 | — | 0.18 | |
| Market value of equity / total liabilities | 3.95 | — | 2.37 | |
| Sales / total assets | 1.09 | — | 1.09 | |
| Altman Z-score | Grey zone | 2.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.31 | ||
Z and Z″ put Extreme Networks, Inc. in different zones: grey zone by Z, distress 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 |
|---|---|
| DGII Digi International Inc. compare | 4.0× |
| BDC Belden Inc compare | 3.1× |
| AAOI Applied Optoelectronics, Inc. compare | 3.0× |
| EXTR Extreme Networks, Inc. | 2.5× |
| ONDS Ondas Holdings Inc. compare | 1.9× |
| VSAT Viasat Inc. compare | 0.8× |
| VISN Vistance Networks, Inc. compare | 0.5× |
| HLIT Harmonic Inc. compare | −1.0× |
| VIAV Viavi Solutions Inc. compare | −29.9× |
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