Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
Kornit Digital Ltd. (KRNT)
A forensic read on Kornit Digital Ltd. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
16.5
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-2.4%
ROE
$734M
Market cap
Kornit Digital Ltd. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 16.5, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-4%Return on invested capital.Return on invested capital is -4% and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
11% of revStock-based comp load.Stock-based compensation ran 11% of revenue and 654% of free cash flow in FY2025 — about $0.48 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
776% of FCFShareholder returns.Returned $26M to shareholders (buybacks + dividends) in FY2025 — 776% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely.
Key fundamentals
Net Margin-6.5%
Debt / Equity0.39x
Free Cash Flow$3.4M
Latest Revenue$208.2M
Return on Equity-1.9%
Revenue Growth YoY+2.1%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Kornit Digital Ltd.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about KRNT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown