Algorhythm Holdings, Inc.
RIME Technology Consumer Electronics
In the quarter to June 2026, revenue grew 160.9%, EPS fell 4.17% and free cash flow fell 262.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Algorhythm Holdings, Inc. (RIME) Altman Z-score
Algorhythm Holdings, Inc.'s Altman Z-score for fiscal 2025 is −9.38, 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 | −9.38 | (3.38) |
| FY2024 | −6.01 | (7.07) |
| FY2023 | 1.06 | (0.87) |
| FY2022 | 1.92 | (1.57) |
| FY2021 | 3.50 | 2.43 |
| FY2020 | 1.07 | (4.96) |
| FY2019 | 6.03 | 0.08 |
| FY2018 | 5.95 | (1.11) |
| FY2017 | 7.06 | 1.59 |
| FY2016 | 5.47 | 3.09 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.51) | — | −0.61 | |
| Retained earnings / total assets | (5.11) | — | −7.16 | |
| EBIT / total assets | (0.62) | — | −2.06 | |
| Market value of equity / total liabilities | 0.17 | — | 0.10 | |
| Sales / total assets | 0.35 | — | 0.35 | |
| Altman Z-score | Distress zone | −9.38 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −24.35 | ||
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 |
|---|---|
| KOSS Koss Corporation compare | 5.1× |
| FEBO Fenbo Holdings Limited compare | 3.2× |
| MSN Emerson Radio Corporation compare | 1.4× |
| ZEPP Zepp Health Corporation Sponsored ADR compare | 1.0× |
| GMEX Fitell Corporation compare | −0.2× |
| WLDS Wearable Devices Ltd. compare | −1.1× |
| BOXL Boxlight Corporation compare | −1.3× |
| RIME Algorhythm Holdings, Inc. | −9.4× |
| FOXX Foxx Development Holdings Inc. compare | −9.5× |
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