Atomera Inc. (ATOM) intrinsic value & 10-year financials
Atomera Inc. (ATOM) has a Graham intrinsic value of $2.37 per share. At $3.08 on Oct 17, 2026, the stock trades 30% above that value. Over the last 10 fiscal years revenue shrank 6.4% a year to $65.0K, with an average return on invested capital of 1445.4%.
- Graham intrinsic value
- $2.37
- Share price (Oct 17, 2026)
- $3.08
- Price vs Graham value
- 30% above
- Market cap
- $95.0M
- Revenue (FY2025)
- $65.0K
- Revenue growth (10-yr CAGR)
- -6.4%
- ROIC (10-yr avg)
- 1445.4%
- Free cash flow (FY2025)
- -$14.9M
ATOM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $65.0K | -$20.2M | -$0.65 | -$14.9M | -32496.9% | 11627.7% |
| FY2024 | $135.0K | -$18.4M | -$0.68 | -$13.2M | -14323.0% | -498.6% |
| FY2023 | $550.0K | -$19.8M | -$0.80 | -$14.6M | -3759.5% | -385.7% |
| FY2022 | $382.0K | -$17.4M | -$0.75 | -$12.5M | -4588.0% | -483.8% |
| FY2021 | $400.0K | -$15.7M | -$0.70 | -$12.6M | -3882.2% | -673.3% |
| FY2020 | $62.0K | -$14.9M | — | -$12.2M | -24064.5% | 2727.6% |
| FY2019 | $533.0K | -$13.3M | — | -$10.5M | -2556.3% | 1163.6% |
| FY2018 | $246.0K | -$12.9M | — | -$9.8M | -5338.6% | 1086.5% |
| FY2017 | $110.0K | -$13.1M | — | -$9.3M | -12009.1% | -61.2% |
| FY2016 | $0 | -$12.6M | — | -$6.8M | — | -48.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Atomera Inc revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Atomera Inc has earned high returns on invested capital, averaging 18.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Atomera 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, Atomera Inc is modeled at -6.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.37 per share.