Future FinTech Group Inc.
FTFT Technology Software Application
In the quarter to June 2026, revenue fell 43.9%, EPS fell 112.9%, free cash flow fell 253.7% and total debt fell 95.5%, each against the same quarter a year earlier.
Follow FTFT
Future FinTech Group Inc. (FTFT) Altman Z-score
Future FinTech Group Inc.'s Altman Z-score for fiscal 2025 is −6.55, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −6.55 | 4.66 |
| FY2024 | −11.21 | (15.48) |
| FY2023 | 4.27 | 5.67 |
| FY2022 | −1.40 | (377.15) |
| FY2022 | 375.75 | 372.37 |
| FY2021 | 3.38 | (4,360.28) |
| FY2021 | 4363.66 | 4,371.06 |
| FY2020 | −7.40 | (904.95) |
| FY2020 | 897.55 | 901.35 |
| FY2019 | −3.80 | 12.07 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.80 | — | 0.96 | |
| Retained earnings / total assets | (4.19) | — | −5.87 | |
| EBIT / total assets | (0.64) | — | −2.11 | |
| Market value of equity / total liabilities | 0.66 | — | 0.39 | |
| Sales / total assets | 0.07 | — | 0.07 | |
| Altman Z-score | Distress zone | −6.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −7.78 | ||
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 |
|---|---|
| MNDO MIND C.T.I. Ltd. compare | 3.2× |
| INLX Intellinetics, Inc. compare | 2.2× |
| ZENVF Zenvia Inc. compare | 0.3× |
| AWRE Aware, Inc. compare | −0.2× |
| PDC Earlyworks Co., Ltd. Unsponsored ADR compare | −0.6× |
| NXPL NextPlat Corp. compare | −0.7× |
| STIXF Semantix, Inc. compare | −1.0× |
| FTFT Future FinTech Group Inc. | −6.6× |
| YMT Yimutian Inc. - Sponsored ADR compare | −15.4× |
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