Foresight Autonomous Holdings Ltd. American Depositary Shares
FRSX Consumer Cyclical Auto Parts
Foresight Autonomous Holdings Ltd. American Depositary Shares' revenue for fiscal 2025 (year ended December 2025) was $398,000.00, down 8.72% from fiscal 2024. In the quarter to June 2026, revenue fell 30.1%, EPS grew 79.1% and free cash flow fell 107.0%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Foresight Autonomous Holdings Ltd. American Depositary Shares (FRSX) Piotroski F-score
Foresight Autonomous Holdings Ltd. American Depositary Shares's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | (1.00) |
| FY2023 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (133.75%) | (76.67%) | Fail | 0 |
| Positive operating cash flow | (10.45m) | (11.05m) | Fail | 0 |
| Rising return on assets | (133.75%) | (76.67%) | Fail | 0 |
| Cash flow above net income | 1.65m | 83.00k | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 3.30 | 4.50 | Fail | 0 |
| No new shares issued | 1,119,400 | 740,600 | Fail | 0 |
| Rising gross margin | 64.82% | 60.55% | Pass | 1 |
| Rising asset turnover | 0.04 | 0.03 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GTEC Greenland Technologies Holding Corporation compare | 7 |
| MKDW MKDWELL Tech Inc. compare | 5 |
| WKSP Worksport Ltd. compare | 4 |
| WPRT Westport Fuel Systems Inc. compare | 4 |
| FRSX Foresight Autonomous Holdings Ltd. American Depositary Shares | 4 |
| REEAF REE Automotive Ltd. compare | 4 |
| INEO INNEOVA Holdings Limited compare | 3 |
| SYPR Sypris Solutions, Inc. compare | 2 |
| CREVF Carbon Revolution Public Limited Company compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover