Genasys Inc. (GNSS) intrinsic value & 10-year financials
Genasys Inc. (GNSS) has a Graham intrinsic value of $0.42 per share. At $1.33 on Oct 17, 2026, the stock trades 217% above that value. Over the last 10 fiscal years revenue grew 10.7% a year to $40.8M, with an average return on invested capital of -42.4%.
- Graham intrinsic value
- $0.42
- Share price (Oct 17, 2026)
- $1.33
- Price vs Graham value
- 217% above
- Market cap
- $59.9M
- Revenue (FY2025)
- $40.8M
- Revenue growth (10-yr CAGR)
- 10.7%
- ROIC (10-yr avg)
- -42.4%
- Free cash flow (FY2025)
- -$9.0M
GNSS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $40.8M | -$18.1M | -$0.40 | -$9.0M | -41.2% | -273.3% |
| FY2024 | $24.0M | -$31.7M | -$0.72 | -$19.6M | -111.3% | -116.4% |
| FY2023 | $46.7M | -$18.4M | -$0.50 | -$9.8M | -23.5% | -30.4% |
| FY2022 | $54.0M | -$16.2M | -$0.44 | $87.0K | -28.7% | -30.6% |
| FY2021 | $47.0M | $704.0K | $0.02 | $5.9M | 2.3% | 1.5% |
| FY2020 | $43.0M | $11.9M | $0.35 | $6.8M | 14.0% | 24.5% |
| FY2019 | $37.0M | $2.8M | $0.08 | $9.5M | 8.5% | 13.1% |
| FY2018 | $26.3M | -$3.7M | -$0.12 | $626.0K | -5.6% | -6.5% |
| FY2017 | $20.3M | -$876.8K | -$0.03 | -$849.1K | -4.0% | -2.3% |
| FY2016 | $16.4M | -$1.3M | -$0.04 | -$1.3M | -9.7% | -4.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Genasys Inc. is a consistent compounder, expanding top-line revenue at 10.7% annually over the past decade.
Genasys Inc. has historically struggled to out-earn its cost of capital, averaging just -15.4% ROIC.
Genasys 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, Genasys Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.42 per share.