Clearone Inc. (CLRO) intrinsic value & 10-year financials
Clearone Inc. (CLRO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 16.6% a year to $0, with an average return on invested capital of -18.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.99
- Market cap
- $5.3M
- Revenue (FY2025)
- $0
- Revenue growth (10-yr CAGR)
- -16.6%
- ROIC (10-yr avg)
- -18.0%
- Free cash flow (FY2025)
- —
CLRO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $0 | -$26.1M | -$14.77 | — | — | -44.4% |
| FY2024 | $11.4M | -$9.0M | -$0.37 | -$6.3M | -80.9% | -38.4% |
| FY2023 | $18.7M | -$560.0K | -$0.02 | $54.3M | -36.2% | -12.9% |
| FY2022 | $25.2M | $20.6M | $0.83 | -$4.2M | -28.7% | -8.1% |
| FY2021 | $29.0M | -$7.7M | -$0.39 | -$4.6M | -25.9% | -13.4% |
| FY2020 | $29.1M | $505.0K | $0.03 | -$1.3M | -19.2% | -5.8% |
| FY2019 | $25.0M | -$8.4M | -$0.51 | -$4.9M | -34.2% | -19.2% |
| FY2018 | $28.2M | -$16.7M | -$1.87 | -$7.0M | -36.7% | -19.0% |
| FY2017 | $41.8M | -$14.2M | -$1.65 | -$9.9M | -38.7% | -21.5% |
| FY2016 | $48.6M | $2.4M | $0.26 | $7.1M | 7.3% | 2.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CLEARONE INC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
CLEARONE INC has historically struggled to out-earn its cost of capital, averaging just -18.0% ROIC.
Over the decade, CLEARONE INC shows that management has aggressively returned capital to shareholders by retiring 81.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CLEARONE INC is modeled at -16.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-17.69 per share.