Professional Diversity Network, Inc.
IPDN Industrials Staffing & Employment Services
Professional Diversity Network, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million, down 2.73% from fiscal 2024. In the quarter to June 2026, revenue fell 28.0%, EPS grew 34.8% and free cash flow fell 21.7%, each against the same quarter a year earlier.
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Professional Diversity Network, Inc. (IPDN) Altman Z-score
Professional Diversity Network, Inc.'s Altman Z-score for fiscal 2025 is −9.62, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −9.62 | 8.42 |
| FY2024 | −18.03 | 5.32 |
| FY2023 | −23.35 | (2.88) |
| FY2022 | −20.48 | (18.84) |
| FY2022 | −1.64 | 13.57 |
| FY2021 | −15.20 | (37.21) |
| FY2021 | 22.01 | 38.40 |
| FY2020 | −16.40 | (10.72) |
| FY2020 | −5.67 | 14.25 |
| FY2019 | −19.93 | (8.19) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.23) | — | −0.27 | |
| Retained earnings / total assets | (6.09) | — | −8.53 | |
| EBIT / total assets | (0.36) | — | −1.19 | |
| Market value of equity / total liabilities | 0.02 | — | 0.01 | |
| Sales / total assets | 0.37 | — | 0.37 | |
| Altman Z-score | Distress zone | −9.62 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −22.02 | ||
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 |
|---|---|
| HQI HireQuest, Inc. compare | 5.9× |
| MHH Mastech Digital, Inc compare | 5.1× |
| BGSF BGSF, Inc. compare | 4.3× |
| TBI TrueBlue, Inc. compare | 3.5× |
| GLXG Galaxy Payroll Group Limited compare | 2.3× |
| JOB GEE Group Inc. compare | 0.7× |
| CIRC Circle8 Group, Inc. compare | −0.1× |
| NIXX Nixxy, Inc. compare | −5.6× |
| IPDN Professional Diversity Network, Inc. | −9.6× |
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