Flux Power Holdings, Inc.
FLUX Industrials Electrical Equipment & Parts
Flux Power Holdings, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $42.1 million, down 36.6% from fiscal 2025. In the quarter to June 2026, revenue fell 50.7%, EPS fell 57.1%, free cash flow grew 79.6% and total debt fell 56.9%, each against the same quarter a year earlier.
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Flux Power Holdings, Inc. (FLUX) Altman Z-score
Flux Power Holdings, Inc.'s Altman Z-score for fiscal 2026 is −5.22, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | −5.22 | (2.48) |
| FY2025 | −2.74 | (0.50) |
| FY2024 | −2.24 | (1.47) |
| FY2023 | −0.77 | 1.91 |
| FY2022 | −2.68 | (5.19) |
| FY2021 | 2.51 | 8.92 |
| FY2020 | −6.42 | 2.99 |
| FY2019 | −9.41 | 0.65 |
| FY2018 | −10.06 | 12.90 |
| FY2017 | −22.97 | 38.05 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.03 | — | 0.03 | |
| Retained earnings / total assets | (4.70) | — | −6.59 | |
| EBIT / total assets | (0.27) | — | −0.88 | |
| Market value of equity / total liabilities | 0.79 | — | 0.48 | |
| Sales / total assets | 1.74 | — | 1.74 | |
| Altman Z-score | Distress zone | −5.22 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −16.83 | ||
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 |
|---|---|
| CCTG CCSC Technology International Holdings Limited compare | 1.0× |
| EPOW E-Power Inc. compare | −0.7× |
| DFLI Dragonfly Energy Holdings Corp. compare | −1.3× |
| FLUX Flux Power Holdings, Inc. | −5.2× |
| POLA Polar Power, Inc. compare | −7.1× |
| XPON Expion Energy, Inc. compare | −7.9× |
| GWHT ESS Tech, Inc. compare | −26.4× |
| NXUR Nxu, Inc. compare | −52.1× |
| PITEF Heramba Electric PLC 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