BuzzFeed, Inc. (BZFD) intrinsic value & 10-year financials

BuzzFeed, Inc. (BZFD) has a Graham intrinsic value of $11.51 per share. At $1.00 on Oct 17, 2026, the stock trades 91% below that value. Over the last 8 fiscal years revenue shrank 8.6% a year to $185.3M, with an average return on invested capital of -22.5%.

Graham intrinsic value
$11.51
Share price (Oct 17, 2026)
$1.00
Price vs Graham value
91% below
Market cap
$37.7M
Revenue (FY2025)
$185.3M
Revenue growth (8-yr CAGR)
-8.6%
ROIC (10-yr avg)
-22.5%
Free cash flow (FY2025)
-$20.7M

BZFD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $185.3M -$57.7M -$1.53 -$20.7M -25.8% -43.4%
FY2024 $189.9M -$10.1M -$0.27 -$21.4M -12.4% -12.5%
FY2023 $252.7M -$88.6M -$0.62 -$7.1M -15.8% -12.9%
FY2022 $436.7M -$201.0M -$1.45 -$13.3M -42.2% -47.3%
FY2021 $397.6M $25.9M -$0.01 -$4.2M -6.3% -51.7%
FY2020 $321.3M $10.3M $0.00 $22.8M 3.8% -2.9%
FY2019 $317.9M -$37.2M -$0.63 -$20.7M -12.7% 13.0%
FY2018 — — — — — —

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

Executive summary

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

BuzzFeed, Inc. has historically struggled to out-earn its cost of capital, averaging just -28.4% ROIC.

BuzzFeed, 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, BuzzFeed, Inc. is modeled at -8.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $11.51 per share.

BZFD stock: frequently asked questions

What is the intrinsic value of BuzzFeed, Inc. (BZFD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -8.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, BZFD's intrinsic value is about $11.51 per share.

Is BZFD stock undervalued?

At $1.00 (close on Oct 17, 2026), BZFD trades 91% below its Graham value of $11.51. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does BuzzFeed, Inc. generate free cash flow?

BuzzFeed, Inc. generated -$20.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 7 reported years.

What is BZFD's return on invested capital?

Average ROIC over the last 8 fiscal years was -22.5%, and average return on equity was -16.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BZFD data come from?

From BuzzFeed, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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