Sangoma Technologies Corporation
SANG Technology Software Infrastructure
Sangoma Technologies Corporation’s revenue for fiscal 2026 (year ended June 2026) was $200.1 million, down 15.5% from fiscal 2025. In the quarter to June 2026, revenue fell 21.2%, EPS fell 34,013.6%, free cash flow fell 61.3% and total debt fell 58.3%, each against the same quarter a year earlier.
Follow SANG
Sangoma Technologies Corporation (SANG) Altman Z-score
Sangoma Technologies Corporation's Altman Z-score for fiscal 2026 is 0.49, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.49 | (0.88) |
| FY2025 | 1.37 | 0.56 |
| FY2024 | 0.81 | 0.27 |
| FY2023 | 0.54 | (0.31) |
| FY2022 | 0.85 | (1.34) |
| FY2021 | 2.19 | (0.46) |
| FY2019 | 2.65 | (1.15) |
| FY2018 | 3.80 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.04) | — | −0.05 | |
| Retained earnings / total assets | (0.97) | — | −1.36 | |
| EBIT / total assets | (0.06) | — | −0.19 | |
| Market value of equity / total liabilities | 2.06 | — | 1.24 | |
| Sales / total assets | 0.85 | — | 0.85 | |
| Altman Z-score | Distress zone | 0.49 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.79 | ||
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 |
|---|---|
| EXOD Exodus Movement, Inc. compare | 14.5× |
| ZSQR Z Squared Inc. compare | 5.7× |
| SKYA SkyAI, Inc. compare | 1.7× |
| ZENA ZenaTech, Inc. compare | 1.6× |
| AMBR Amber International Holding Limited - Sponsored ADR compare | 1.0× |
| SANG Sangoma Technologies Corporation | 0.5× |
| DVLT Datavault AI Inc. compare | 0.0× |
| TCX Tucows Inc. compare | 0.0× |
| PDYN Palladyne AI Corp. compare | −2.8× |
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