Arlo Technologies, Inc. (ARLO) intrinsic value & 10-year financials
Arlo Technologies, Inc. (ARLO) has a Graham intrinsic value of $1.77 per share. At $12.16 on Oct 17, 2026, the stock trades 587% above that value. Over the last 10 fiscal years revenue grew 12.4% a year to $529.3M, with an average return on invested capital of 116.7%.
- Graham intrinsic value
- $1.77
- Share price (Oct 17, 2026)
- $12.16
- Price vs Graham value
- 587% above
- Market cap
- $1.3B
- Revenue (FY2025)
- $529.3M
- Revenue growth (10-yr CAGR)
- 12.4%
- ROIC (10-yr avg)
- 116.7%
- Free cash flow (FY2025)
- —
ARLO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $529.3M | $14.9M | $0.14 | — | 1.1% | 45.6% |
| FY2024 | $510.9M | -$30.5M | -$0.31 | $48.6M | -6.8% | -69.1% |
| FY2023 | $491.2M | -$22.0M | -$0.24 | $35.5M | -5.1% | -57.4% |
| FY2022 | $490.4M | -$56.6M | -$0.65 | -$48.0M | -11.6% | 609.1% |
| FY2021 | $435.1M | -$56.0M | -$0.68 | -$25.5M | -13.8% | 174.4% |
| FY2020 | $357.2M | -$101.3M | -$1.30 | -$50.4M | -29.4% | 663.0% |
| FY2019 | $370.0M | -$86.0M | -$1.14 | $2.5M | -23.0% | -127.3% |
| FY2018 | $464.9M | -$75.5M | -$1.12 | -$39.4M | -16.1% | -56.8% |
| FY2017 | $370.7M | $6.5M | $0.11 | -$42.6M | 1.5% | 3.9% |
| FY2016 | $184.6M | -$13.7M | -$0.22 | -$34.6M | -7.1% | -18.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Arlo Technologies, Inc. is a consistent compounder, expanding top-line revenue at 12.4% annually over the past decade.
Arlo Technologies, Inc. has historically struggled to out-earn its cost of capital, averaging just -27.4% ROIC.
Arlo Technologies, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Arlo Technologies, Inc. is modeled at 3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.77 per share.