Intellinetics, Inc.
INLX Technology Software Application
Intellinetics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.6 million, down 7.96% from fiscal 2024. In the quarter to June 2026, revenue fell 1.60%, EPS fell 84.6%, free cash flow grew 1.38% and total debt fell 42.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Intellinetics, Inc. (INLX) Altman Z-score
Intellinetics, Inc.'s Altman Z-score for fiscal 2025 is 2.20, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.20 | (1.39) |
| FY2024 | 3.60 | 2.70 |
| FY2023 | 0.90 | 0.80 |
| FY2022 | 0.10 | 0.02 |
| FY2021 | 0.08 | 2.32 |
| FY2020 | −2.24 | 36.28 |
| FY2019 | −38.52 | (18.47) |
| FY2018 | −20.04 | (4.73) |
| FY2017 | −15.31 | 3.03 |
| FY2016 | −18.34 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.01 | — | 0.01 | |
| Retained earnings / total assets | (1.36) | — | −1.90 | |
| EBIT / total assets | (0.10) | — | −0.34 | |
| Market value of equity / total liabilities | 5.80 | — | 3.48 | |
| Sales / total assets | 0.96 | — | 0.96 | |
| Altman Z-score | Grey zone | 2.20 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.04 | ||
Z and Z″ put Intellinetics, Inc. in different zones: grey zone by Z, distress 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 |
|---|---|
| BMR Beamr Imaging Ltd. compare | 11.4× |
| MNDO MIND C.T.I. Ltd. compare | 3.2× |
| INLX Intellinetics, Inc. | 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. compare | −6.6× |
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