Genasys Inc.
GNSS Technology Scientific & Technical Instruments
Genasys Inc.’s revenue for fiscal 2025 (year ended September 2025) was $40.8 million, up 69.8% from fiscal 2024. In the quarter to June 2026, revenue fell 26.0%, EPS grew 28.6% and free cash flow grew 50.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow GNSS
Genasys Inc. (GNSS) Altman Z-score
Genasys Inc.'s Altman Z-score for fiscal 2025 is −2.20, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −2.20 | (1.08) |
| FY2024 | −1.12 | (2.30) |
| FY2023 | 1.18 | (0.91) |
| FY2022 | 2.08 | (2.50) |
| FY2021 | 4.59 | (3.22) |
| FY2020 | 7.81 | 2.17 |
| FY2019 | 5.64 | (0.72) |
| FY2018 | 6.35 | (4.07) |
| FY2017 | 10.42 | (4.66) |
| FY2016 | 15.08 | (3.77) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.24) | — | −0.28 | |
| Retained earnings / total assets | (1.97) | — | −2.76 | |
| EBIT / total assets | (0.26) | — | −0.87 | |
| Market value of equity / total liabilities | 1.79 | — | 1.07 | |
| Sales / total assets | 0.64 | — | 0.64 | |
| Altman Z-score | Distress zone | −2.20 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −9.71 | ||
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 |
|---|---|
| LGL LGL Group, Inc. (The) compare | 16.5× |
| SOTK Sono-Tek Corporation compare | 8.3× |
| WRAP Wrap Technologies, Inc. compare | 5.9× |
| ODYS Odysight.ai Inc. compare | 4.9× |
| MIND MIND Technology, Inc. compare | 4.4× |
| GNSS Genasys Inc. | −2.2× |
| ARBE Arbe Robotics Ltd. compare | −4.9× |
| MVIS Microvision, Inc. compare | −12.2× |
| ACFN Acorn Energy 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