Annexon, Inc. (ANNX) intrinsic value & 10-year financials
Annexon, Inc. (ANNX) has no Graham intrinsic value right now because the formula needs positive earnings.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.41
- Market cap
- $528.9M
- Revenue (FY2025)
- —
- ROIC (10-yr avg)
- -79.6%
- Free cash flow (FY2025)
- -$186.5M
ANNX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | — | -$206.7M | -$1.34 | -$186.5M | — | -126.2% |
| FY2024 | — | -$138.2M | -$1.01 | -$118.0M | — | -94.9% |
| FY2023 | — | -$134.2M | -$1.77 | -$121.3M | — | -162.1% |
| FY2022 | — | -$141.9M | -$2.60 | -$122.8M | — | -93.0% |
| FY2021 | — | -$130.3M | -$3.40 | -$107.8M | — | -68.4% |
| FY2020 | — | -$63.4M | — | -$53.6M | — | -52.0% |
| FY2019 | — | -$37.2M | — | -$28.6M | — | 39.5% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Annexon, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Annexon, Inc. has historically struggled to out-earn its cost of capital, averaging just -56.7% ROIC.
Annexon, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Annexon, 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.