Inhibrx Biosciences, Inc. (INBX) intrinsic value & 10-year financials

Inhibrx Biosciences, Inc. (INBX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue shrank 15.0% a year to $1.3M, with an average return on invested capital of 1218.9%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$89.83
Market cap
$1.4B
Revenue (FY2025)
$1.3M
Revenue growth (4-yr CAGR)
-15.0%
ROIC (10-yr avg)
1218.9%
Free cash flow (FY2025)
-$129.8M

INBX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.3M -$140.1M -$9.04 -$129.8M -10386.5% 1120.5%
FY2024 $200.0K $1.7B $112.62 -$197.0M -165724.0% 1704.0%
FY2023 $1.8M -$241.4M -$20.48 -$197.9M -12178.9% 832.2%
FY2022 — — — — — —

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

Executive summary

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

Inhibrx Biosciences, Inc. returns on capital have been average, hovering around 12.2% ROIC over the decade.

Inhibrx Biosciences, 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, Inhibrx Biosciences, Inc. is modeled at -15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2092.88 per share.

INBX stock: frequently asked questions

What is the intrinsic value of Inhibrx Biosciences, Inc. (INBX) stock?

Graham's formula only works with positive earnings. Inhibrx Biosciences, Inc. reported diluted EPS of -$9.04 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Inhibrx Biosciences, Inc. generate free cash flow?

Inhibrx Biosciences, Inc. generated -$129.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is INBX's return on invested capital?

Average ROIC over the last 4 fiscal years was 1218.9%, and average return on equity was 410.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INBX data come from?

From Inhibrx Biosciences, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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