Ainos, Inc. (AIMD) intrinsic value & 10-year financials

Ainos, Inc. (AIMD) has a Graham intrinsic value of $24.90 per share. At $0.92 on Oct 17, 2026, the stock trades 96% below that value. Over the last 10 fiscal years revenue shrank 8.4% a year to $124.2K, with an average return on invested capital of -38.1%.

Graham intrinsic value
$24.90
Share price (Oct 17, 2026)
$0.92
Price vs Graham value
96% below
Market cap
$3.9M
Revenue (FY2025)
$124.2K
Revenue growth (10-yr CAGR)
-8.4%
ROIC (10-yr avg)
-38.1%
Free cash flow (FY2025)
-$4.6M

AIMD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $124.2K -$14.8M -$3.46 -$4.6M -11268.3% -121.2%
FY2024 $20.7K -$14.9M -$1.56 -$5.8M -66772.2% -69.3%
FY2023 $122.1K -$13.8M -$3.36 -$4.8M -10815.0% -40.3%
FY2022 $3.5M -$14.0M — -$3.7M -397.1% -67.4%
FY2021 $594.6K -$3.9M — -$1.4M -650.5% -44.8%
FY2020 $16.6K -$1.5M — — -8696.7% 289.5%
FY2019 $11.7K -$1.6M — -$911.1K -13472.1% -551.2%
FY2018 $77.7K -$1.3M — -$1.0M -1717.2% -222.9%
FY2017 $250.9K -$617.4K — — -231.0% 364.1%
FY2016 — -$670.0K — -$568.5K — 82.4%

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

Executive summary

Ainos, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Ainos, Inc. has historically struggled to out-earn its cost of capital, averaging just -50.8% ROIC.

Ainos, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ainos, Inc. is modeled at -8.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $24.90 per share.

AIMD stock: frequently asked questions

What is the intrinsic value of Ainos, Inc. (AIMD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -8.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, AIMD's intrinsic value is about $24.90 per share.

Is AIMD stock undervalued?

At $0.92 (close on Oct 17, 2026), AIMD trades 96% below its Graham value of $24.90. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Ainos, Inc. generate free cash flow?

Ainos, Inc. generated -$4.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is AIMD's return on invested capital?

Average ROIC over the last 10 fiscal years was -38.1%, and average return on equity was -43.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AIMD data come from?

From Ainos, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 3, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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