Achieve Life SCIENCES, Inc. (ACHV) intrinsic value & 10-year financials

Achieve Life SCIENCES, Inc. (ACHV) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$6.38
Market cap
$278.1M
Revenue (FY2025)
—
ROIC (10-yr avg)
-116.1%
Free cash flow (FY2025)
-$49.5M

ACHV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$54.6M -$1.25 -$49.5M — -1241.2%
FY2024 — -$39.8M -$1.24 — — 907.6%
FY2023 — -$29.8M -$1.50 -$24.5M — 178.6%
FY2022 — -$42.4M -$4.00 — — 270.0%
FY2021 — -$33.2M -$4.08 — — 492.4%
FY2020 — -$14.7M -$1.81 -$13.5M — -964.3%
FY2019 $0 -$16.4M — -$15.3M — -418.0%
FY2018 $0 -$12.7M — -$10.7M — -201.4%
FY2017 — -$10.6M — — — -78.8%
FY2016 $5.1M -$20.1M — -$248.0K — -106.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

ACHIEVE LIFE SCIENCES, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

ACHIEVE LIFE SCIENCES, INC. has historically struggled to out-earn its cost of capital, averaging just -19.5% ROIC.

ACHIEVE LIFE SCIENCES, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

ACHIEVE LIFE SCIENCES, INC. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

ACHV stock: frequently asked questions

What is the intrinsic value of Achieve Life SCIENCES, Inc. (ACHV) stock?

Graham's formula only works with positive earnings. Achieve Life SCIENCES, Inc. reported diluted EPS of -$1.25 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Achieve Life SCIENCES, Inc. generate free cash flow?

Achieve Life SCIENCES, Inc. generated -$49.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is ACHV's return on invested capital?

Average ROIC over the last 10 fiscal years was -116.1%, and average return on equity was -231.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ACHV data come from?

From Achieve Life SCIENCES, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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