SoundThinking, Inc.
SSTI Technology Software Application
SoundThinking, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $104.1 million, up 2.05% from fiscal 2024. In the quarter to June 2026, revenue fell 7.73%, EPS fell 54.2% and free cash flow fell 204.7%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.
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SoundThinking, Inc. (SSTI) Altman Z-score
SoundThinking, Inc.'s Altman Z-score for fiscal 2025 is 0.27, 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 | 0.27 | (0.66) |
| FY2024 | 0.93 | (1.56) |
| FY2023 | 2.49 | (1.24) |
| FY2022 | 3.73 | (0.34) |
| FY2021 | 4.06 | (2.76) |
| FY2020 | 6.83 | 2.93 |
| FY2019 | 3.89 | (0.32) |
| FY2018 | 4.22 | 5.45 |
| FY2017 | −1.24 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.06) | — | −0.08 | |
| Retained earnings / total assets | (0.84) | — | −1.17 | |
| EBIT / total assets | (0.06) | — | −0.21 | |
| Market value of equity / total liabilities | 1.61 | — | 0.96 | |
| Sales / total assets | 0.77 | — | 0.77 | |
| Altman Z-score | Distress zone | 0.27 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.40 | ||
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 |
|---|---|
| TRAK ReposiTrak Inc. compare | 12.6× |
| SSTI SoundThinking, Inc. | 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× |
| RTB RTB Digital, Inc. compare | −23.2× |
| AIB AIB Data Centers Inc. compare | — |
| RAAS Cloopen Group Holding Limited Sponsored ADR 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