stockrowOrion Digital Corp.
ORIO Technology Software Infrastructure
Orion Digital Corp.’s revenue for fiscal 2025 (year ended December 2025) was $49.1 million, down 5.50% from fiscal 2024.
- Revenue
- −0.56%
- EPS
- −105.0%
- Free cash flow
- +432.8%
- Total debt
- −5.54%
Quarter to June 2026, against a year earlier
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Orion Digital Corp. (ORIO) Altman Z-score
Orion Digital Corp.'s Altman Z-score for fiscal 2025 is −2.03, 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 | −2.03 | (0.33) |
| FY2024 | −1.70 | (0.35) |
| FY2023 | −1.35 | 0.31 |
| FY2022 | −1.66 | (2.55) |
| FY2021 | 0.89 | 0.73 |
| FY2020 | 0.15 | 0.19 |
| FY2019 | −0.04 | 0.07 |
| FY2018 | −0.10 | (0.70) |
| FY2016 | 0.60 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.27 | |
| Retained earnings / total assets | (2.04) | — | −2.85 | |
| EBIT / total assets | (0.02) | — | −0.05 | |
| Market value of equity / total liabilities | 0.36 | — | 0.21 | |
| Sales / total assets | 0.40 | — | 0.40 | |
| Altman Z-score | Distress zone | −2.03 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.52 | ||
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 |
|---|---|
| MLGO MicroAlgo Inc. compare | 2.7× |
| AIFC AI Financial Corporation compare | 0.1× |
| ORIO Orion Digital Corp. | −2.0× |
| AIFA All In FutureTech Alliance Inc. compare | −3.3× |
| BIRD Smartbird, Inc. compare | −7.5× |
| BNAI Brand Engagement Network Inc. compare | −8.0× |
| SLMT Solmate Infrastructure Public Limited Company compare | −8.0× |
| DRK Sphere 3D Corp. compare | −25.9× |
| BBCI Bradbury Capital 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