stockrowIveda Solutions, Inc.
IVDA Industrials Security & Protection Services
Iveda Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 million, down 12.3% from fiscal 2024.
- Revenue
- −47.5%
- EPS
- +65.0%
- Free cash flow
- −7.79%
- Total debt
- −45.0%
Quarter to June 2026, against a year earlier
Follow IVDA
Alert me
Iveda Solutions, Inc. (IVDA) Altman Z-score
Iveda Solutions, Inc.'s Altman Z-score for fiscal 2025 is −11.09, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −11.09 | 1.64 |
| FY2024 | −12.73 | (5.20) |
| FY2023 | −7.53 | (3.30) |
| FY2022 | −4.23 | (7.26) |
| FY2021 | 3.02 | 49.26 |
| FY2020 | −46.24 | (36.25) |
| FY2019 | −9.99 | 9.56 |
| FY2015 | −19.55 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.76 | — | 0.91 | |
| Retained earnings / total assets | (8.77) | — | −12.28 | |
| EBIT / total assets | (0.50) | — | −1.66 | |
| Market value of equity / total liabilities | 1.86 | — | 1.11 | |
| Sales / total assets | 0.82 | — | 0.82 | |
| Altman Z-score | Distress zone | −11.09 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −23.93 | ||
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 |
|---|---|
| SNT Senstar Technologies Ltd. compare | 7.3× |
| SUGP SU Group Holdings Limited compare | 2.7× |
| GFAI Guardforce AI Co., Limited compare | −0.5× |
| BAER Bridger Aerospace Group Holdings, Inc. compare | −1.0× |
| KSCP Knightscope, Inc. compare | −8.2× |
| IVDA Iveda Solutions, Inc. | −11.1× |
| CIGL Concorde International Group Ltd. compare | −12.4× |
| DETX Liberty Defense Holdings Ltd. compare | −20.3× |
| BKYI BIO-key International Inc. compare | −24.1× |
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