BioCardia, Inc. (BCDA) intrinsic value & 10-year financials

BioCardia, Inc. (BCDA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 24.9% a year to $0, with an average return on invested capital of 494.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.92
Revenue (FY2025)
$0
Revenue growth (10-yr CAGR)
-24.9%
ROIC (10-yr avg)
494.8%
Free cash flow (FY2025)
-$7.4M

BCDA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$8.2M — -$7.4M — 666.8%
FY2024 $58.0K -$7.9M — -$8.0M -13794.8% 594.4%
FY2023 $477.0K -$11.6M — -$10.0M -2441.1% 808.9%
FY2022 $1.4M -$11.9M — -$10.6M -880.3% 1177.7%
FY2021 $1.0M -$12.6M — -$10.5M -1244.3% 815.6%
FY2020 $145.0K -$15.0M — -$12.4M -10709.7% 642.8%
FY2019 $710.0K -$14.7M — -$9.6M -2001.8% 546.4%
FY2018 $625.0K -$14.0M — -$11.1M -2256.3% -189.1%
FY2017 $479.0K -$12.3M — -$8.8M -2589.8% -78.2%
FY2016 $576.0K -$10.3M — — -1320.8% -37.0%

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

Executive summary

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

BioCardia, Inc. has historically struggled to out-earn its cost of capital, averaging just -6.5% ROIC.

BioCardia, 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, BioCardia, Inc. is modeled at -24.9% normalized earnings growth with a 5.1% bond-yield adjustment.

BCDA stock: frequently asked questions

How fast has BioCardia, Inc. grown?

Revenue went from $576.0K in fiscal 2016 to $0 in fiscal 2025, a compound annual growth rate of -24.9%. Net income was -$8.2M in fiscal 2025.

Does BioCardia, Inc. generate free cash flow?

BioCardia, Inc. generated -$7.4M 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 BCDA's return on invested capital?

Average ROIC over the last 10 fiscal years was 494.8%, and average return on equity was -75.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BCDA data come from?

From BioCardia, 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.

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