Dyadic International Inc. (DYAI) intrinsic value & 10-year financials

Dyadic International Inc. (DYAI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 19.2% a year to $3.1M, with an average return on invested capital of -71.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.41
Market cap
$13.4M
Revenue (FY2025)
$3.1M
Revenue growth (10-yr CAGR)
19.2%
ROIC (10-yr avg)
-71.6%
Free cash flow (FY2025)
—

DYAI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.1M -$7.4M -$0.23 — -232.8% —
FY2024 $3.5M -$5.8M -$0.20 — -168.8% 255.4%
FY2023 $2.9M -$6.8M — — -283.9% -286.4%
FY2022 $2.9M -$9.7M — — -346.9% -183.9%
FY2021 $2.4M -$13.1M — — -612.7% —
FY2020 $1.6M -$9.3M — — -625.9% —
FY2019 $1.7M -$8.3M — — -552.2% —
FY2018 $1.3M -$5.7M — — -586.1% —
FY2017 $758.4K -$2.1M — — -939.7% —
FY2016 — — — — — —

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

Executive summary

DYADIC INTERNATIONAL INC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

DYADIC INTERNATIONAL INC has historically struggled to out-earn its cost of capital, averaging just -0.7% ROIC.

DYADIC INTERNATIONAL 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, DYADIC INTERNATIONAL INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.64 per share.

DYAI stock: frequently asked questions

What is the intrinsic value of Dyadic International Inc. (DYAI) stock?

Graham's formula only works with positive earnings. Dyadic International Inc. reported diluted EPS of -$0.23 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

What is DYAI's return on invested capital?

Average ROIC over the last 10 fiscal years was -71.6%, and average return on equity was -89.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DYAI data come from?

From Dyadic International Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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