Dolphin Entertainment, Inc. (DLPN) intrinsic value & 10-year financials
Dolphin Entertainment, Inc. (DLPN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 22.1% a year to $56.7M, with an average return on invested capital of -18.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.03
- Market cap
- $12.0M
- Revenue (FY2025)
- $56.7M
- Revenue growth (10-yr CAGR)
- 22.1%
- ROIC (10-yr avg)
- -18.6%
- Free cash flow (FY2025)
- -$2.0M
DLPN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $56.7M | -$3.1M | -$0.27 | -$2.0M | -0.1% | -0.6% |
| FY2024 | $51.7M | -$12.6M | -$1.22 | -$159.4K | -20.3% | -77.6% |
| FY2023 | $43.1M | -$24.4M | -$1.69 | -$4.6M | -46.6% | -65.4% |
| FY2022 | $40.5M | -$4.8M | -$0.56 | -$4.1M | -11.3% | -13.4% |
| FY2021 | $35.7M | -$6.5M | -$0.85 | — | -15.3% | -22.3% |
| FY2020 | $24.1M | -$1.9M | -$0.58 | -$1.6M | -10.6% | -12.7% |
| FY2019 | $25.0M | -$1.2M | -$0.20 | -$3.0M | -16.3% | -21.8% |
| FY2018 | $22.6M | -$2.9M | -$0.23 | -$714.4K | -18.4% | -35.8% |
| FY2017 | $22.4M | $6.9M | -$0.20 | $8.1M | -4.9% | 8.2% |
| FY2016 | $9.4M | -$37.2M | -$9.66 | -$14.9M | -188.4% | 55.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Dolphin Entertainment, Inc. is a consistent compounder, expanding top-line revenue at 22.1% annually over the past decade.
Dolphin Entertainment, Inc. has historically struggled to out-earn its cost of capital, averaging just -18.6% ROIC.
Dolphin Entertainment, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Dolphin Entertainment, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-8.97 per share.