Scienture Holdings, Inc.
SCNX Healthcare Pharmaceutical Retailers
Scienture Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $431,600.00, up 216.0% from fiscal 2024. In the quarter to June 2026, revenue grew 3,235.9%, EPS grew 85.4%, free cash flow fell 54.0% and total debt rose 831.4%, each against the same quarter a year earlier.
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Scienture Holdings, Inc. (SCNX) Altman Z-score
Scienture Holdings, Inc.'s Altman Z-score for fiscal 2025 is 5.42, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.42 | (5.46) |
| FY2024 | 10.88 | 11.52 |
| FY2023 | −0.64 | (8.56) |
| FY2022 | 7.92 | (131.91) |
| FY2021 | 139.83 | (409.96) |
| FY2020 | 549.80 | 139.45 |
| FY2019 | 410.34 | 308.51 |
| FY2018 | 101.84 | (119.01) |
| FY2017 | 220.85 | 115.68 |
| FY2016 | 105.17 | (185.09) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.06 | — | 0.07 | |
| Retained earnings / total assets | (0.96) | — | −1.34 | |
| EBIT / total assets | (0.51) | — | −1.67 | |
| Market value of equity / total liabilities | 13.92 | — | 8.35 | |
| Sales / total assets | 0.01 | — | 0.01 | |
| Altman Z-score | Safe zone | 5.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.88 | ||
Z and Z″ put Scienture Holdings, Inc. in different zones: safe zone by Z, distress zone by Z″.
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 |
|---|---|
| SCNX Scienture Holdings, Inc. | 5.4× |
| HITI High Tide Inc. compare | 1.5× |
| RDGT Ridgetech Inc. compare | 1.2× |
| PETS PetMed Express, Inc. compare | 0.4× |
| BIMI BIMI Holdings Inc. compare | −3.8× |
| MDVLQ MedAvail Holdings, Inc. compare | −11.8× |
| MEDS DataMeds AI, Inc compare | −15.2× |
| POM Pomdoctor Limited - Sponsored ADR compare | −33.3× |
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