DarioHealth Corp. (DRIO) intrinsic value & 10-year financials

DarioHealth Corp. (DRIO) has a Graham intrinsic value of $336.14 per share. At $4.82 on Oct 17, 2026, the stock trades 99% below that value. Over the last 10 fiscal years revenue grew 25.9% a year to $22.4M, with an average return on invested capital of 738.3%.

Graham intrinsic value
$336.14
Share price (Oct 17, 2026)
$4.82
Price vs Graham value
99% below
Market cap
$19.2M
Revenue (FY2025)
$22.4M
Revenue growth (10-yr CAGR)
25.9%
ROIC (10-yr avg)
738.3%
Free cash flow (FY2025)
-$26.1M

DRIO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $22.4M -$41.7M $10.12 -$26.1M -163.9% -48.4%
FY2024 $27.0M -$42.7M $0.61 -$38.7M -213.6% -88.8%
FY2023 $20.4M -$59.4M $1.93 -$31.0M -276.1% -102.9%
FY2022 $27.7M -$62.2M $2.54 -$48.3M -205.4% -105.0%
FY2021 $20.5M -$76.8M $4.07 -$50.7M -372.9% -308.8%
FY2020 $7.6M -$29.4M $4.01 -$17.9M -394.7% 4662.7%
FY2019 $7.6M -$17.7M — -$15.8M -234.2% 1137.7%
FY2018 $7.4M -$17.8M — -$11.5M -239.2% 859.2%
FY2017 $5.2M -$15.7M — -$10.8M -278.9% 1211.0%
FY2016 $2.8M -$10.9M — -$9.2M -396.0% 166.4%

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

Executive summary

DarioHealth Corp. is a consistent compounder, expanding top-line revenue at 26.0% annually over the past decade.

DarioHealth Corp. has historically struggled to out-earn its cost of capital, averaging just -26.8% ROIC.

DarioHealth Corp. 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, DarioHealth Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $336.14 per share.

DRIO stock: frequently asked questions

What is the intrinsic value of DarioHealth Corp. (DRIO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, DRIO's intrinsic value is about $336.14 per share.

Is DRIO stock undervalued?

At $4.82 (close on Oct 17, 2026), DRIO trades 99% below its Graham value of $336.14. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has DarioHealth Corp. grown?

Revenue went from $2.8M in fiscal 2016 to $22.4M in fiscal 2025, a compound annual growth rate of 25.9%. Net income was -$41.7M in fiscal 2025.

Does DarioHealth Corp. generate free cash flow?

DarioHealth Corp. generated -$26.1M 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 DRIO's return on invested capital?

Average ROIC over the last 10 fiscal years was 738.3%, and average return on equity was 42.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DRIO data come from?

From DarioHealth Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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