stockrowXTI Aerospace, Inc.
XTIA Industrials Aerospace & Defense
- Revenue
- +5,308.2%
- EPS
- +97.6%
- Free cash flow
- −55.8%
- Total debt
- +13,376.9%
Quarter to June 2026, against a year earlier
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XTI Aerospace, Inc. (XTIA) Altman Z-score
XTI Aerospace, Inc.'s Altman Z-score for fiscal 2025 is −3.97, 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 | −3.97 | 5.67 |
| FY2024 | −9.64 | 220.31 |
| FY2023 | −229.95 | (221.51) |
| FY2022 | −8.44 | (5.74) |
| FY2021 | −2.70 | (1,503,111.67) |
| FY2020 | 1503108.97 | 1,327,189.07 |
| FY2019 | 175919.90 | (200,646.71) |
| FY2018 | 376566.61 | (1,405,046.14) |
| FY2017 | 1781612.76 | (200,477,020.03) |
| FY2016 | 202258632.79 | (15,825,417,942.29) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.05 | — | 0.06 | |
| Retained earnings / total assets | (2.00) | — | −2.80 | |
| EBIT / total assets | (0.53) | — | −1.74 | |
| Market value of equity / total liabilities | 0.38 | — | 0.23 | |
| Sales / total assets | 0.28 | — | 0.28 | |
| Altman Z-score | Distress zone | −3.97 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −9.17 | ||
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 |
|---|---|
| SPAI Safe Pro Group Inc. compare | 26.7× |
| OPXS Optex Systems Holdings Inc. compare | 12.3× |
| PEW GrabAGun Digital Holdings Inc. compare | 3.0× |
| CVU CPI Aerostructures, Inc. compare | 0.9× |
| MOB Mobilicom Limited Sponsored ADR compare | −1.4× |
| XTIA XTI Aerospace, Inc. | −4.0× |
| MNTS Momentus Inc. compare | −17.2× |
| FJET Starfighters Space, Inc. compare | — |
| FBDT First Breach 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