High Templar Tech Ltd. (HTT) intrinsic value & 10-year financials

High Templar Tech Ltd. (HTT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 45.3% a year to $5.9M, with an average return on invested capital of 7.5%.

Graham intrinsic value
—
Revenue (FY2025)
$5.9M
Revenue growth (10-yr CAGR)
-45.3%
ROIC (10-yr avg)
7.5%
Free cash flow (FY2025)
$81.6M

HTT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.9M $101.3M — $81.6M -972.6% -5.0%
FY2024 $29.7M $12.6M — -$58.8M -142.4% -2.9%
FY2023 $17.8M $5.5M — -$30.0M -262.0% -2.5%
FY2022 $83.7M -$52.5M — -$1.8M -57.1% -3.3%
FY2021 $259.6M $92.4M — $69.6M 55.8% 6.1%
FY2020 $565.2M $146.9M — $344.8M 23.5% 6.8%
FY2019 $1.3B $468.9M — $779.5M 43.5% 28.2%
FY2018 $1.1B $362.3M — $464.2M 35.0% 20.7%
FY2017 $734.0M $332.7M — $471.1M 50.7% 19.3%
FY2016 — — — — — —

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

Executive summary

High Templar Tech Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

High Templar Tech Ltd has historically struggled to out-earn its cost of capital, averaging just 7.5% ROIC.

High Templar Tech Ltd 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, High Templar Tech Ltd is modeled at -45.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-23.64 per share.

HTT stock: frequently asked questions

Does High Templar Tech Ltd. generate free cash flow?

High Templar Tech Ltd. generated $81.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 9 reported years.

What is HTT's return on invested capital?

Average ROIC over the last 10 fiscal years was 7.5%, and average return on equity was 10.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HTT data come from?

From High Templar Tech Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 10, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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