Focus Universal, Inc.
FCUV Technology Scientific & Technical Instruments
Focus Universal, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $255,000.00, down 35.9% from fiscal 2024. In the quarter to June 2026, revenue grew 1,812.8%, EPS grew 66.4% and free cash flow fell 417.3%, each against the same quarter a year earlier.
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Focus Universal, Inc. (FCUV) Altman Z-score
Focus Universal, Inc.'s Altman Z-score for fiscal 2025 is −4.99, 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 | −4.99 | (8.04) |
| FY2024 | 3.05 | (17.44) |
| FY2023 | 20.50 | (82.11) |
| FY2022 | 102.61 | (60.55) |
| FY2021 | 163.16 | 57.72 |
| FY2020 | 105.44 | (119.60) |
| FY2019 | 225.03 | (565.79) |
| FY2018 | 790.83 | 706.39 |
| FY2017 | 84.43 | 17.07 |
| FY2016 | 67.36 | 16.69 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.93 | — | 1.12 | |
| Retained earnings / total assets | (3.49) | — | −4.89 | |
| EBIT / total assets | (0.55) | — | −1.82 | |
| Market value of equity / total liabilities | 0.95 | — | 0.57 | |
| Sales / total assets | 0.03 | — | 0.03 | |
| Altman Z-score | Distress zone | −4.99 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −8.54 | ||
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 |
|---|---|
| MIND MIND Technology, Inc. compare | 4.4× |
| ARAI Arrive AI Inc. compare | −1.3× |
| FCUV Focus Universal, Inc. | −5.0× |
| AIMD Ainos, Inc. compare | −6.4× |
| MVIS Microvision, Inc. compare | −12.2× |
| ASTC Astrotech Corporation compare | −17.0× |
| SVRE SaverOne 2014 Ltd. Sponsored ADR compare | −17.4× |
| SOBR SOBR Safe, Inc. compare | −25.4× |
| AWIN AERWINS Technologies Inc. compare | — |
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