GigaMedia Limited
GIGM Communication Services Electronic Gaming & Multimedia
GigaMedia Limited’s revenue for fiscal 2025 (year ended December 2025) was $3.5 million, up 17.0% from fiscal 2024. In the quarter to March 2026, revenue fell 12.3%, EPS fell 33.3% and free cash flow grew 52.1%, each against the same quarter a year earlier.
Follow GIGM
GigaMedia Limited (GIGM) Altman Z-score
GigaMedia Limited's Altman Z-score for fiscal 2025 is −3.32, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −3.32 | (1.08) |
| FY2024 | −2.24 | 1.11 |
| FY2023 | −3.35 | (0.18) |
| FY2022 | −3.17 | (1.14) |
| FY2021 | −2.03 | (4.50) |
| FY2020 | 2.46 | 2.51 |
| FY2019 | −0.05 | (1.90) |
| FY2018 | 1.85 | 1.37 |
| FY2017 | 0.48 | 2.36 |
| FY2016 | −1.88 | 0.38 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.83 | — | 1.00 | |
| Retained earnings / total assets | (6.27) | — | −8.77 | |
| EBIT / total assets | (0.09) | — | −0.30 | |
| Market value of equity / total liabilities | 7.78 | — | 4.67 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Distress zone | −3.32 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.43 | ||
Z and Z″ put GigaMedia Limited in different zones: distress zone by Z, grey 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 |
|---|---|
| MYPS PLAYSTUDIOS, Inc. compare | 8.5× |
| GXAI Gaxos.ai Inc. compare | 5.4× |
| GMHS Gamehaus Holdings Inc. compare | 5.2× |
| SNAL Snail, Inc. compare | −0.7× |
| GAME GameSquare Holdings, Inc. compare | −2.8× |
| GIGM GigaMedia Limited | −3.3× |
| MSGM Motorsport Games Inc. compare | −5.6× |
| GDC GD Culture Group Limited compare | −15.1× |
| HODO House of Doge 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