CalciMedica, Inc. (CALC) intrinsic value & 10-year financials

CalciMedica, Inc. (CALC) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.04
Market cap
$15.6M
Revenue (FY2025)
—
ROIC (10-yr avg)
-54.4%
Free cash flow (FY2025)
-$21.2M

CALC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$29.6M -$1.97 -$21.2M — -595.2%
FY2024 — -$13.7M -$1.22 -$21.2M — -214.5%
FY2023 — -$34.4M -$7.66 -$25.8M — -172.6%
FY2022 — -$35.6M -$1.66 -$23.2M — -71.6%
FY2021 — -$35.8M -$1.69 -$32.0M — -44.8%
FY2020 — -$27.5M — -$33.1M — 674.1%
FY2019 — -$37.0M — -$31.8M — 43.6%
FY2018 — — — — — —

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

Executive summary

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

CalciMedica, Inc. has historically struggled to out-earn its cost of capital, averaging just -10.8% ROIC.

CalciMedica, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

CalciMedica, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

CALC stock: frequently asked questions

What is the intrinsic value of CalciMedica, Inc. (CALC) stock?

Graham's formula only works with positive earnings. CalciMedica, Inc. reported diluted EPS of -$1.97 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does CalciMedica, Inc. generate free cash flow?

CalciMedica, Inc. generated -$21.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is CALC's return on invested capital?

Average ROIC over the last 8 fiscal years was -54.4%, and average return on equity was -62.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CALC data come from?

From CalciMedica, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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