Sono Group N.V.
SSM Consumer Cyclical Auto Manufacturers
Sono Group N.V.’s revenue for fiscal 2025 (year ended December 2025) was $168,600.00, up 270.5% from fiscal 2023. In the quarter to June 2026, revenue grew 100.9%, EPS fell 303.1% and free cash flow grew 73.6%, each against the same quarter a year earlier.
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Sono Group N.V. (SSM) Altman Z-score
Sono Group N.V.'s Altman Z-score for fiscal 2025 is −326.49, 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 | −326.49 | (235.02) |
| FY2023 | −91.48 | (73.66) |
| FY2022 | −17.82 | (20.71) |
| FY2021 | 2.90 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.19) | — | −0.23 | |
| Retained earnings / total assets | (222.90) | — | −312.07 | |
| EBIT / total assets | (5.41) | — | −17.84 | |
| Market value of equity / total liabilities | 5.89 | — | 3.53 | |
| Sales / total assets | 0.10 | — | 0.10 | |
| Altman Z-score | Distress zone | −326.49 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −764.31 | ||
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 |
|---|---|
| GOEVQ Canoo Inc. compare | 1.1× |
| LOBO Lobo EV Technologies Ltd compare | 0.8× |
| VEVMQ Vicinity Motor Corp. compare | −1.0× |
| FFAI Faraday Future Intelligent Electric Inc. compare | −27.7× |
| SSM Sono Group N.V. | −326× |
| FLYE Fly-E Group, Inc. compare | — |
| DCX Digital Currency X Technology Inc. compare | — |
| EGOXF Next.e.GO N.V. compare | — |
| ARVLF Arrival 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