stockrowRTB Digital, Inc.
RTB Technology Software Application
RTB Digital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.1 million, down 38.7% from fiscal 2024.
- Revenue
- +350.3%
- EPS
- +95.6%
- Free cash flow
- −123.9%
- Total debt
- +146.2%
Quarter to June 2026, against a year earlier
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RTB Digital, Inc. (RTB) Altman Z-score
RTB Digital, Inc.'s Altman Z-score for fiscal 2025 is −9.69, 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 | −9.69 | (7.01) |
| 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 | (2.37) |
| FY2018 | 0.96 | (12.95) |
| 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 | 0.04 | — | 0.05 | |
| Retained earnings / total assets | (6.91) | — | −9.67 | |
| EBIT / total assets | (0.46) | — | −1.52 | |
| Market value of equity / total liabilities | 1.77 | — | 1.06 | |
| Sales / total assets | 0.39 | — | 0.39 | |
| Altman Z-score | Distress zone | −9.69 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −10.75 | ||
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 |
|---|---|
| RSSS Research Solutions Inc. compare | 2.3× |
| NTWK NetSol Technologies Inc. compare | 2.2× |
| SSTI SoundThinking, Inc. compare | 0.3× |
| RYDE Ryde Group Ltd. compare | −1.1× |
| RDZN Roadzen Inc. compare | −6.3× |
| NRDY Nerdy Inc. compare | −9.2× |
| RTB RTB Digital, Inc. | −9.7× |
| ROC Rank One Computing Corporation compare | — |
| AMOD Alpha Modus Holdings, 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