AIRS (AirSculpt Technologies) Altman Z-Score: 2.26 (As of Jul. 01, 2026) — Near Median


AIRS AirSculpt Technologies Inc AIRS
73 GF Score
Price $4.41
GF Value $3.92
Valuation Modestly Overvalued
! 3 Warning Signs
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What is AirSculpt Technologies Altman Z-Score?

AirSculpt Technologies AIRS -1.78% 73 Altman Z-Score is 2.26 as of Jul. 01, 2026, which is 0% above its 10-year median of 2.25. GuruFocus rates AIRS with a GF Score™ of 73/100 and a GF Value™ of $3.92 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 659 Healthcare Providers & Services companies, AirSculpt Technologies ranks worse than 51.44% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 2.3 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

AirSculpt Technologies has a Altman Z-Score of 2.26, indicating it is in Grey Zones. This implies that AirSculpt Technologies is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for AirSculpt Technologies's Altman Z-Score or its related term are showing as below:

AIRS' s Altman Z-Score Range Over the Past 10 Years
Min: 0.99   Med: 2.25   Max: 5.9
Current: 2.3

During the past 7 years, AirSculpt Technologies's highest Altman Z-Score was 5.90. The lowest was 0.99. And the median was 2.25.


AirSculpt Technologies  (NAS:AIRS) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


AirSculpt Technologies Altman Z-Score Related Terms


AirSculpt Technologies Altman Z-Score Historical Data

* Premium members only.

The historical data trend for AirSculpt Technologies's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AirSculpt Technologies Altman Z-Score Chart

AirSculpt Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 5.90 1.59 3.11 1.92 0.99

AirSculpt Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 2.10 3.10 0.99 1.53

AIRS vs AUNA, CCRN, SRTA: Altman Z-Score Comparison

For the Medical Care Facilities subindustry, AirSculpt Technologies's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AirSculpt Technologies Altman Z-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, AirSculpt Technologies's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where AirSculpt Technologies's Altman Z-Score falls into.


AIRS
73GF Score
AirSculpt Technologies Inc AIRS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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AirSculpt Technologies Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

AirSculpt Technologies's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.0425+1.4*-0.2238+3.3*-0.0606+0.6*3.3913+1.0*0.7908
=2.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $192.0 Mil.
Total Current Assets was $24.3 Mil.
Total Current Liabilities was $32.5 Mil.
Retained Earnings was $-43.0 Mil.
Pre-Tax Income was -2.862 + -2.491 + -11.157 + -0.776 = $-17.3 Mil.
Interest Expense was -1.198 + -1.484 + -1.407 + -1.562 = $-5.7 Mil.
Revenue was 39.389 + 33.442 + 34.993 + 44.012 = $151.8 Mil.
Market Cap (Today) was $311.1 Mil.
Total Liabilities was $91.7 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(24.33 - 32.481)/191.999
=-0.0425

X2=Retained Earnings/Total Assets
=-42.968/191.999
=-0.2238

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-17.286 - -5.651)/191.999
=-0.0606

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=311.107/91.738
=3.3913

X5=Revenue/Total Assets
=151.836/191.999
=0.7908

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

AirSculpt Technologies has a Altman Z-Score of 2.26 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.26 mean?
AirSculpt Technologies (AIRS) has a Altman Z-Score of 2.26 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AirSculpt Technologies and its competitors. This is near median its historical median of 2.25. Over the past decade, AirSculpt Technologies' Altman Z-Score has ranged from 0.99 to 5.90. According to the industry distribution chart, AirSculpt Technologies ranks #339 out of 659 companies in the Healthcare Providers & Services industry, placing it in the top 51.4%.
Is AirSculpt Technologies' Altman Z-Score too high?
AirSculpt Technologies' current Altman Z-Score of 2.26 is near median its 10-year median of 2.25. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 5.90. The Healthcare Providers & Services industry median Altman Z-Score is 2.41. AirSculpt Technologies' value of 2.26 is 6.2% below this industry median. Based on the distribution chart, AirSculpt Technologies ranks #339 out of 659 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, AirSculpt Technologies has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AirSculpt Technologies' Altman Z-Score compare to AUNA and CCRN?
According to the Healthcare Providers & Services industry distribution chart, AirSculpt Technologies ranks #339 out of 659 companies for Altman Z-Score. This places AirSculpt Technologies in the lower half of its industry. The industry median Altman Z-Score is 2.41. AirSculpt Technologies' value of 2.26 is 6.2% below this benchmark. Historically, AirSculpt Technologies' own Altman Z-Score has ranged from 0.99 to 5.90 over the past decade. While the company's 10-year median is 2.25 vs. the industry median of 2.41, AirSculpt Technologies has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.41, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AirSculpt Technologies's current Altman Z-Score of 2.26 is 6.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on AirSculpt Technologies and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirSculpt Technologies's current Altman Z-Score is 2.26, which is near median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirSculpt Technologies stock overvalued right now?
Based on GuruFocus' analysis, AirSculpt Technologies (AIRS) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.92, compared to a current price of $4.41 — trading 12.5% above its estimated fair value. The current Altman Z-Score is 2.26, which is near median its 10-year median of 2.25 and 6.2% below the Healthcare Providers & Services industry median of 2.41. AirSculpt Technologies' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For AirSculpt Technologies (AIRS), the current Altman Z-Score is 2.26 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AirSculpt Technologies (AIRS) Overvalued in 2026?

Based on GuruFocus' analysis, AirSculpt Technologies stock appears to be overvalued. The current stock price of $4.41 is trading 12.5% above its estimated GF Value™ of $3.92. GuruFocus considers AirSculpt Technologies to be Modestly Overvalued.

Key valuation signals for AIRS:

  • Altman Z-Score: 2.26 (near median its 10-year median of 2.25)
  • GF Value™: $3.92 vs. price of $4.41 (12.5% above fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 6.2% below the Healthcare Providers & Services median (#339 of 659)

No single metric tells the full story. See the AIRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AirSculpt Technologies Business Description

Address 1111 Lincoln Road, Suite 802, Miami Beach, FL, USA, 33139
AirSculpt Technologies Inc is a next-generation body contouring treatment designed to optimize both comfort and precision, available exclusively at AirSculpt offices. The minimally invasive procedure removes fat and tightens skin while sculpting targeted areas of the body, allowing for quick healing with minimal bruising, tighter skin, and precise results. Its proprietary and patented AirSculpt method is minimally invasive because it requires no needle, no scalpel, no stitches, and no general anesthesia. It offers fat removal procedures across treatment areas and fat transfer procedures that use the patient's own fat cells to enhance the breasts, buttocks, hips or other areas and do not require silicone or foreign materials to be implanted. Its segment is direct medical procedure services.
73GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.41
Price
$3.92
GF Value