OptimizeRx Corp.
OPRX Healthcare Health Information Services
OptimizeRx Corp.’s revenue for fiscal 2025 (year ended December 2025) was $109.4 million, up 18.8% from fiscal 2024. In the quarter to June 2026, revenue fell 29.8%, EPS fell 150.0%, free cash flow grew 89.9% and total debt fell 33.1%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
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OptimizeRx Corp. (OPRX) Altman Z-score
OptimizeRx Corp.'s Altman Z-score for fiscal 2025 is 3.31, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.31 | 2.50 |
| FY2024 | 0.82 | (1.43) |
| FY2023 | 2.25 | (19.22) |
| FY2022 | 21.47 | (46.36) |
| FY2021 | 67.83 | 40.83 |
| FY2020 | 27.00 | 20.16 |
| FY2019 | 6.84 | (3.69) |
| FY2018 | 10.54 | 5.89 |
| FY2017 | 4.65 | 3.26 |
| FY2016 | 1.39 | (2.08) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.25 | — | 0.29 | |
| Retained earnings / total assets | (0.45) | — | −0.63 | |
| EBIT / total assets | 0.07 | — | 0.22 | |
| Market value of equity / total liabilities | 4.68 | — | 2.81 | |
| Sales / total assets | 0.62 | — | 0.62 | |
| Altman Z-score | Safe zone | 3.31 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.37 | ||
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 |
|---|---|
| SPOK Spok Holdings, Inc. compare | 4.0× |
| OPRX OptimizeRx Corp. | 3.3× |
| CCLD CareCloud, Inc. compare | 3.3× |
| SY So-Young International Inc. Sponsored ADR compare | 1.0× |
| LFMD LifeMD, Inc. compare | 0.0× |
| DH Definitive Healthcare Corp. compare | −1.5× |
| HCAT Health Catalyst, Inc. compare | −3.7× |
| AMWL American Well Corporation compare | −8.0× |
| CSLT Castlight Health, inc. 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