Peraso Inc.
PRSO Technology Semiconductors
Peraso Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.2 million, down 16.3% from fiscal 2024. In the quarter to June 2026, revenue fell 41.1%, EPS grew 48.4% and free cash flow grew 19.9%, each against the same quarter a year earlier.
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Peraso Inc. (PRSO) Altman Z-score
Peraso Inc.'s Altman Z-score for fiscal 2025 is −39.09, 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 | −39.09 | (2.03) |
| FY2024 | −37.06 | (11.02) |
| FY2023 | −26.04 | (14.30) |
| FY2022 | −11.75 | (10.30) |
| FY2021 | −1.44 | 14.28 |
| FY2020 | −15.73 | 18.15 |
| FY2019 | −33.88 | (5.41) |
| FY2018 | −28.47 | (14.24) |
| FY2017 | −14.23 | (0.77) |
| FY2016 | −13.46 | (17.26) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.68 | — | 0.82 | |
| Retained earnings / total assets | (29.92) | — | −41.89 | |
| EBIT / total assets | (0.78) | — | −2.58 | |
| Market value of equity / total liabilities | 4.26 | — | 2.56 | |
| Sales / total assets | 2.01 | — | 2.01 | |
| Altman Z-score | Distress zone | −39.09 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −94.95 | ||
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 |
|---|---|
| ICG Intchains Group Limited Unsponsored ADR compare | 12.0× |
| WQEY WISeQey Corp compare | 0.6× |
| NA Nano Labs Ltd. Sponsored ADR compare | 0.1× |
| SQNS Sequans Communications S.A. compare | −2.4× |
| MOBX Mobix Labs, Inc. compare | −8.9× |
| IPWR Ideal Power Inc. compare | −11.6× |
| LEDS SemiLEDS Corporation compare | −14.0× |
| PXLW Pixelworks, Inc. compare | −14.0× |
| PRSO Peraso Inc. | −39.1× |
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