Crescent BIOPHARMA, Inc. (CBIO) intrinsic value & 10-year financials

Crescent BIOPHARMA, Inc. (CBIO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 103.0% a year to $10.8M, with an average return on invested capital of 699.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$11.84
Market cap
$763.4M
Revenue (FY2025)
$10.8M
Revenue growth (10-yr CAGR)
103.0%
ROIC (10-yr avg)
699.8%
Free cash flow (FY2025)
-$72.5M

CBIO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $10.8M -$153.9M — -$72.5M -1407.5% -1321.2%
FY2024 — -$37.9M -$0.59 -$31.1M — -263.4%
FY2023 $10.0K -$36.9M -$0.58 -$34.9M -392752.9% 1114.3%
FY2022 $75.0K -$46.7M -$0.89 -$46.5M -63204.4% 603.8%
FY2021 $1.2M -$63.4M -$1.23 -$57.5M -5470.7% 867.2%
FY2020 $10.2M -$51.0M -$1.12 -$39.3M -506.8% 1263.4%
FY2019 — -$57.9M -$1.34 -$52.1M — 4896.4%
FY2018 — -$48.3M — -$43.5M — -29.7%
FY2017 — -$33.3M — -$30.1M — -42.9%
FY2016 $18.5K -$31.8M — -$30.4M -172505.3% -90.1%

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

Executive summary

CRESCENT BIOPHARMA, INC. is a consistent compounder, expanding top-line revenue at 103.0% annually over the past decade.

CRESCENT BIOPHARMA, INC. returns on capital have been average, hovering around 10.2% ROIC over the decade.

CRESCENT 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, CRESCENT BIOPHARMA, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-79.30 per share.

CBIO stock: frequently asked questions

How fast has Crescent BIOPHARMA, Inc. grown?

Revenue went from $18.5K in fiscal 2016 to $10.8M in fiscal 2025, a compound annual growth rate of 103.0%. Net income was -$153.9M in fiscal 2025.

Does Crescent BIOPHARMA, Inc. generate free cash flow?

Crescent BIOPHARMA, Inc. generated -$72.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is CBIO's return on invested capital?

Average ROIC over the last 10 fiscal years was 699.8%, and average return on equity was -77.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CBIO data come from?

From Crescent BIOPHARMA, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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