RTB Digital, Inc.
RTB Technology Software Application
In the quarter to June 2026, revenue grew 350.3%, EPS fell 3,412.8%, free cash flow fell 123.9% and total debt rose 146.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow RTB
RTB Digital, Inc. (RTB) Altman Z-score
RTB Digital, Inc.'s Altman Z-score for fiscal 2025 is −23.24, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −23.24 | (20.56) |
| FY2024 | −2.68 | (1.38) |
| FY2023 | −1.30 | 0.67 |
| FY2022 | −1.97 | (2.71) |
| FY2021 | 0.74 | (7.15) |
| FY2020 | 7.89 | 9.30 |
| FY2019 | −1.42 | (2.34) |
| FY2018 | 0.93 | (12.98) |
| FY2016 | 13.91 | (0.99) |
| FY2015 | 14.90 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.10 | |
| Retained earnings / total assets | (15.03) | — | −21.04 | |
| EBIT / total assets | (1.00) | — | −3.31 | |
| Market value of equity / total liabilities | 0.27 | — | 0.16 | |
| Sales / total assets | 0.85 | — | 0.85 | |
| Altman Z-score | Distress zone | −23.24 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −55.13 | ||
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 |
|---|---|
| SSTI SoundThinking, Inc. compare | 0.3× |
| AEYE Audioeye, Inc. compare | −0.8× |
| RYDE Ryde Group Ltd. compare | −1.1× |
| BVC BitVentures Limited compare | −1.3× |
| RDZN Roadzen Inc. compare | −6.3× |
| NRDY Nerdy Inc. compare | −9.2× |
| RTB RTB Digital, Inc. | −23.2× |
| RAAS Cloopen Group Holding Limited Sponsored ADR compare | — |
| AIB AIB Data Centers 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