Aether Holdings, Inc. (ATHR) intrinsic value & 10-year financials

Aether Holdings, Inc. (ATHR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue shrank 4.1% a year to $1.4M, with an average return on invested capital of 100.9%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.64
Market cap
$29.1M
Revenue (FY2025)
$1.4M
Revenue growth (3-yr CAGR)
-4.1%
ROIC (10-yr avg)
100.9%
Free cash flow (FY2025)
-$3.6M

ATHR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.4M -$3.1M -$0.29 -$3.6M — -135.6%
FY2024 $1.4M -$939.4K -$0.10 — — 337.3%
FY2023 — — — — — —

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

Executive summary

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

Aether Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -66.1% ROIC.

Aether Holdings, 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, Aether Holdings, Inc. is modeled at -4.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.07 per share.

ATHR stock: frequently asked questions

What is the intrinsic value of Aether Holdings, Inc. (ATHR) stock?

Graham's formula only works with positive earnings. Aether Holdings, Inc. reported diluted EPS of -$0.29 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Aether Holdings, Inc. generate free cash flow?

Aether Holdings, Inc. generated -$3.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 1 reported years.

What is ATHR's return on invested capital?

Average ROIC over the last 3 fiscal years was 100.9%, and average return on equity was 100.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ATHR data come from?

From Aether Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar prepackaged software stocks