Aytu BIOPHARMA, Inc. (AYTU) intrinsic value & 10-year financials

Aytu BIOPHARMA, Inc. (AYTU) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 43.6% a year to $66.4M, with an average return on invested capital of -80.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.04
Market cap
$6.8M
Revenue (FY2025)
$66.4M
Revenue growth (10-yr CAGR)
43.6%
ROIC (10-yr avg)
-80.1%
Free cash flow (FY2025)
-$2.2M

AYTU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $66.4M -$13.6M — -$2.2M -11.8% -73.8%
FY2024 $81.0M -$15.8M — -$1.7M -6.5% -20.4%
FY2023 $107.4M -$17.1M -$5.11 — -15.9% -47.2%
FY2022 $96.7M -$110.2M -$3.75 -$28.8M -115.4% -172.5%
FY2021 $65.6M -$58.3M -$3.48 -$28.3M -89.7% -87.2%
FY2020 $27.6M -$13.6M — -$28.4M -76.5% -98.3%
FY2019 $7.3M -$27.1M — -$13.9M -230.1% 425.8%
FY2018 $3.7M -$10.2M — -$16.0M -538.2% -226.1%
FY2017 $3.2M -$22.5M — -$13.9M -624.7% -285.8%
FY2016 $2.6M -$28.2M — -$10.9M -847.0% -215.2%

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

Executive summary

AYTU BIOPHARMA, INC is a consistent compounder, expanding top-line revenue at 43.6% annually over the past decade.

AYTU BIOPHARMA, INC has historically struggled to out-earn its cost of capital, averaging just -33.2% ROIC.

AYTU BIOPHARMA, 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, AYTU BIOPHARMA, INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-134.88 per share.

AYTU stock: frequently asked questions

How fast has Aytu BIOPHARMA, Inc. grown?

Revenue went from $2.6M in fiscal 2016 to $66.4M in fiscal 2025, a compound annual growth rate of 43.6%. Net income was -$13.6M in fiscal 2025.

Does Aytu BIOPHARMA, Inc. generate free cash flow?

Aytu BIOPHARMA, Inc. generated -$2.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is AYTU's return on invested capital?

Average ROIC over the last 10 fiscal years was -80.1%, and average return on equity was -132.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AYTU data come from?

From Aytu BIOPHARMA, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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