Lesaka Technologies, Inc.
LSAK Technology Software Infrastructure
Lesaka Technologies, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $721.6 million, up 9.38% from fiscal 2025. In the quarter to June 2026, revenue grew 11.8%, EPS grew 111.4%, free cash flow grew 167.4% and total debt rose 2.73%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
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Lesaka Technologies, Inc. (LSAK) Altman Z-score
Lesaka Technologies, Inc.'s Altman Z-score for fiscal 2026 is 2.18, 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) |
|---|---|---|
| FY2026 | 2.18 | 0.29 |
| FY2025 | 1.89 | (0.49) |
| FY2024 | 2.38 | 0.14 |
| FY2023 | 2.24 | 0.78 |
| FY2022 | 1.46 | (1.48) |
| FY2021 | 2.94 | 0.29 |
| FY2020 | 2.65 | 1.50 |
| FY2019 | 1.15 | (1.11) |
| FY2018 | 2.26 | 0.18 |
| FY2017 | 2.08 | (0.14) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.17 | |
| Retained earnings / total assets | 0.31 | — | 0.44 | |
| EBIT / total assets | 0.02 | — | 0.06 | |
| Market value of equity / total liabilities | 0.80 | — | 0.48 | |
| Sales / total assets | 1.03 | — | 1.03 | |
| Altman Z-score | Grey zone | 2.18 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.51 | ||
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 |
|---|---|
| IIIV i3 Verticals, Inc. compare | 4.6× |
| ALLT Allot Ltd. compare | 3.5× |
| CINT CI&T Inc. compare | 3.1× |
| OWLS OBOOK Holdings Inc. compare | 2.2× |
| LSAK Lesaka Technologies, Inc. | 2.2× |
| AIOT PowerFleet, Inc. compare | 0.7× |
| RPAY Repay Holdings Corporation compare | −0.9× |
| NUAI New Era Energy & Digital, Inc. compare | −6.7× |
| QIWI QIWI 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