iHuman Inc. (IH) intrinsic value & 10-year financials

iHuman Inc. (IH) has a Graham intrinsic value of $0.01 per share. Over the last 9 fiscal years revenue grew 29.5% a year to $807.0M, with an average return on invested capital of 25.8%.

Graham intrinsic value
$0.01
Revenue (FY2025)
$807.0M
Revenue growth (9-yr CAGR)
29.5%
ROIC (10-yr avg)
25.8%
Free cash flow (FY2025)
$46.4M

IH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $807.0M $95.4M $0.36 $46.4M 8.3% -42.0%
FY2024 $922.2M $98.6M $0.36 $51.1M 7.8% -31.6%
FY2023 $1.0B $180.9M $0.66 $165.6M 15.7% -53.7%
FY2022 $985.5M $109.8M $0.41 $181.9M 11.3% -35.8%
FY2021 $944.7M -$37.1M -$0.14 $5.9M -5.7% 23.9%
FY2020 $531.9M -$37.5M -$0.21 $207.1M -8.4% 20.8%
FY2019 $218.7M -$275.6M -$1.52 $40.2M -127.5% 280.2%
FY2018 $131.9M -$17.6M — -$5.0M -16.7% 44.6%
FY2017 — — — — — —

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

Executive summary

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

iHuman Inc. has historically struggled to out-earn its cost of capital, averaging just -19.7% ROIC.

iHuman 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, iHuman Inc. is modeled at -4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.01 per share.

IH stock: frequently asked questions

What is the intrinsic value of iHuman Inc. (IH) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -4.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, IH's intrinsic value is about $0.01 per share.

Does iHuman Inc. generate free cash flow?

iHuman Inc. generated $46.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 8 reported years.

What is IH's return on invested capital?

Average ROIC over the last 9 fiscal years was 25.8%, and average return on equity was 43.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IH data come from?

From iHuman Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 24, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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