Amprius Technologies, Inc. (AMPX) intrinsic value & 10-year financials

Amprius Technologies, Inc. (AMPX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 125.7% a year to $71.9M, with an average return on invested capital of -244.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$7.71
Market cap
$961.0M
Revenue (FY2025)
$71.9M
Revenue growth (6-yr CAGR)
125.7%
ROIC (10-yr avg)
-244.3%
Free cash flow (FY2025)
-$35.5M

AMPX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $71.9M -$44.0M -$0.35 -$35.5M -64.9% -95.9%
FY2024 $23.6M -$44.7M -$0.45 -$36.6M -196.3% -95.1%
FY2023 $8.8M -$36.8M -$0.43 -$43.1M -440.3% -142.4%
FY2022 $4.4M -$17.3M -$0.24 -$15.4M -409.2% -439.6%
FY2021 $2.8M -$9.9M -$0.15 -$8.6M -383.2% -448.4%
FY2020 — — — — — —

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

Executive summary

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

Amprius Technologies, Inc. has historically struggled to out-earn its cost of capital, averaging just -68.5% ROIC.

Amprius Technologies, 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, Amprius Technologies, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-11.63 per share.

AMPX stock: frequently asked questions

What is the intrinsic value of Amprius Technologies, Inc. (AMPX) stock?

Graham's formula only works with positive earnings. Amprius Technologies, Inc. reported diluted EPS of -$0.35 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Amprius Technologies, Inc. generate free cash flow?

Amprius Technologies, Inc. generated -$35.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 5 reported years.

What is AMPX's return on invested capital?

Average ROIC over the last 6 fiscal years was -244.3%, and average return on equity was -69.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AMPX data come from?

From Amprius Technologies, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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