Ginkgo Bioworks Holdings, Inc. (DNA) intrinsic value & 10-year financials

Ginkgo Bioworks Holdings, Inc. (DNA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 21.0% a year to $170.2M, with an average return on invested capital of -839.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$10.27
Market cap
$569.6M
Revenue (FY2025)
$170.2M
Revenue growth (8-yr CAGR)
21.0%
ROIC (10-yr avg)
-839.4%
Free cash flow (FY2025)
-$178.7M

DNA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $170.2M -$312.8M -$5.64 -$178.7M -185.3% -46.5%
FY2024 $227.0M -$547.0M -$10.54 -$382.1M -246.5% -115.5%
FY2023 $251.5M -$892.9M -$0.46 -$336.3M -343.8% -143.0%
FY2022 $477.7M -$2.1B -$1.25 -$304.5M -462.4% -540.6%
FY2021 $313.8M -$1.8B -$1.39 -$310.3M -582.6% -4869.6%
FY2020 $76.7M -$126.6M -$0.10 -$193.7M -178.8% -140.7%
FY2019 $54.2M -$119.3M -$0.10 -$66.9M -132.1% -20.0%
FY2018 — — — — — —

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

Executive summary

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

Ginkgo Bioworks Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -83.3% ROIC.

Ginkgo Bioworks Holdings, 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, Ginkgo Bioworks Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-187.34 per share.

DNA stock: frequently asked questions

What is the intrinsic value of Ginkgo Bioworks Holdings, Inc. (DNA) stock?

Graham's formula only works with positive earnings. Ginkgo Bioworks Holdings, Inc. reported diluted EPS of -$5.64 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Ginkgo Bioworks Holdings, Inc. generate free cash flow?

Ginkgo Bioworks Holdings, Inc. generated -$178.7M 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 DNA's return on invested capital?

Average ROIC over the last 8 fiscal years was -839.4%, and average return on equity was -78.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DNA data come from?

From Ginkgo Bioworks Holdings, 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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