Ispire Technology Inc.
ISPR Consumer Defensive Tobacco
Ispire Technology Inc.’s revenue for fiscal 2026 (year ended June 2026) was $96.0 million, down 24.7% from fiscal 2025. In the quarter to June 2026, revenue grew 32.6%, EPS grew 7.69%, free cash flow fell 26.1% and total debt fell 58.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Ispire Technology Inc. (ISPR) Altman Z-score
Ispire Technology Inc.'s Altman Z-score for fiscal 2026 is −1.52, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | −1.52 | (1.75) |
| FY2025 | 0.23 | (3.68) |
| FY2024 | 3.91 | (2.39) |
| FY2023 | 6.30 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.01 | — | 0.01 | |
| Retained earnings / total assets | (1.26) | — | −1.77 | |
| EBIT / total assets | (0.51) | — | −1.67 | |
| Market value of equity / total liabilities | 0.69 | — | 0.41 | |
| Sales / total assets | 1.49 | — | 1.49 | |
| Altman Z-score | Distress zone | −1.52 | ||
| 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 |
|---|---|
| RLX RLX Technology Inc. Sponsored ADR compare | 6.6× |
| TPB Turning Point Brands, Inc. compare | 5.0× |
| MO Altria Group, Inc. compare | 4.4× |
| UVV Universal Corporation compare | 3.1× |
| ISPR Ispire Technology Inc. | −1.5× |
| RYM RYTHM, Inc. compare | −5.0× |
| GNLN Greenlane Holdings, Inc. compare | −7.6× |
| XXII 22nd Century Group, Inc compare | −20.8× |
| AIIR Air Global PLC 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