Biofrontera Inc. (BFRI) intrinsic value & 10-year financials

Biofrontera Inc. (BFRI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 17.2% a year to $41.7M, with an average return on invested capital of -299.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.82
Market cap
$8.4M
Revenue (FY2025)
$41.7M
Revenue growth (7-yr CAGR)
17.2%
ROIC (10-yr avg)
-299.1%
Free cash flow (FY2025)
-$13.4M

BFRI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $41.7M -$10.5M -$1.04 -$13.4M -27.2% -549.3%
FY2024 $37.3M -$17.8M -$3.22 -$10.3M -46.1% -494.4%
FY2023 $34.1M -$20.1M -$13.02 -$24.9M -66.6% -289.3%
FY2022 $28.7M -$640.0K -$0.61 -$16.2M -64.8% -247.2%
FY2021 $24.1M -$37.7M — — -104.6% -293.6%
FY2020 $18.8M -$11.0M — — -51.0% 78.9%
FY2019 — — — — — —

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

Executive summary

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

Biofrontera Inc. has historically struggled to out-earn its cost of capital, averaging just -4.0% ROIC.

Biofrontera 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, Biofrontera Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-34.54 per share.

BFRI stock: frequently asked questions

What is the intrinsic value of Biofrontera Inc. (BFRI) stock?

Graham's formula only works with positive earnings. Biofrontera Inc. reported diluted EPS of -$1.04 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Biofrontera Inc. generate free cash flow?

Biofrontera Inc. generated -$13.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is BFRI's return on invested capital?

Average ROIC over the last 7 fiscal years was -299.1%, and average return on equity was -169.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BFRI data come from?

From Biofrontera Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 22, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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