Kustom Entertainment Inc.
KUST Communication Services Entertainment
In the quarter to June 2026, revenue grew 88.2%, EPS grew 88.6%, free cash flow fell 232.0% and total debt fell 46.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Kustom Entertainment Inc. (KUST) Altman Z-score
Kustom Entertainment Inc.'s Altman Z-score for fiscal 2025 is −11.42, 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 | −11.42 | (3.04) |
| FY2024 | −8.39 | (4.82) |
| FY2023 | −3.57 | (4.53) |
| FY2022 | 0.96 | (12.23) |
| FY2021 | 13.19 | (28,255,235.63) |
| FY2020 | 28255248.82 | 25,488,422.36 |
| FY2019 | 2766826.46 | (2,178,203.03) |
| FY2018 | 4945029.50 | (460,197.66) |
| FY2017 | 5405227.15 | (1,892,187.09) |
| FY2016 | 7297414.24 | (13,628,619.00) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.08) | — | −0.09 | |
| Retained earnings / total assets | (7.46) | — | −10.44 | |
| EBIT / total assets | (0.56) | — | −1.86 | |
| Market value of equity / total liabilities | 0.43 | — | 0.26 | |
| Sales / total assets | 0.71 | — | 0.71 | |
| Altman Z-score | Distress zone | −11.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −28.46 | ||
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 |
|---|---|
| FTRKF FAST TRACK GROUP compare | 2.5× |
| CPOP Pop Culture Group Co., Ltd. compare | 0.6× |
| KUKEY Kuke Music Holding Limited Sponsored ADR compare | −3.4× |
| MPU Mega Matrix Inc. compare | −5.9× |
| NXAT Nexus Advanced Technologies Inc. compare | −7.0× |
| CSSEQ Chicken Soup for the Soul Entertainment, Inc. compare | −8.3× |
| KUST Kustom Entertainment Inc. | −11.4× |
| ZNB Zeta Network Group compare | −12.7× |
| MMVVF MultiMetaVerse Holdings Limited compare | −45.4× |
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